On February 27, 2025, the Securities and Exchange Commission formally abandoned its enforcement action against Coinbase. ...more
3/5/2025
/ Coinbase ,
Compliance ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Financial Regulatory Reform ,
Howey ,
Investment ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
On Friday, Coinbase announced that the SEC staff had agreed in principle to dismiss its case alleging the company had failed to register as a securities exchange, broker-dealer, and clearing agency. We can expect the...more
2/25/2025
/ Blockchain ,
Coinbase ,
Cryptocurrency ,
Cybersecurity ,
Digital Assets ,
Enforcement Actions ,
FinTech ,
Regulatory Agenda ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
According to reports, more than 50 lawyers and staffers in the SEC’s Crypto Assets and Cyber Unit have been reassigned to other roles in the agency....more
Three days before Christmas 2020, the SEC served Ripple Labs Inc. and two of its executives with a lawsuit. How is that for a present under the tree? As the SKrypto Blog reported at the time, the main issue was whether XRP, a...more
7/19/2023
/ Coinbase ,
Cryptocurrency ,
Digital Assets ,
Howey ,
Ripple ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Securities Regulation ,
Securities Violations ,
Sellers ,
Token Sales ,
Unregistered Securities
During this 30-minute webinar, Seward & Kissel partners from the Firm’s Government Enforcement and Internal Investigations Group will discuss the SEC’s recent enforcement actions regarding recordkeeping failures related to...more
On June 15, 2022, the Securities and Exchange Commission (“SEC”) filed a complaint against California-based broker-dealer Western International Securities, Inc. (“Western”) alleging violations of Regulation Best Interest...more
6/29/2022
/ Best Interest Standard ,
Broker-Dealer ,
Enforcement Actions ,
Fiduciary Duty ,
Financial Services Industry ,
Investment ,
Investment Adviser ,
Investment Management ,
Regulation Best Interest ,
Regulation BI ,
Retail Installment Sales Contracts ,
Retail Investors ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Transactions ,
Securities Violations ,
Standard of Conduct
On June 13, 2022, the Securities and Exchange Commission (“SEC”) entered a settled order (“Order”) against three of The Charles Schwab Corporation’s investment adviser subsidiaries (collectively, “Schwab”) on charges that...more
6/21/2022
/ Charles Schwab ,
Enforcement Actions ,
Failure To Disclose ,
False Statements ,
Fiduciary Duty ,
Form ADV ,
Investment Management ,
Management Fees ,
Misleading Statements ,
Robo-Advisors ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations