News & Analysis as of

Martin Act

Cozen O'Connor

NY AG Lends Investors a Hand in Recouping Cryptocurrency Lending Program Losses

Cozen O'Connor on

New York AG Letitia James settled with cryptocurrency company Gemini Trust Company, LLC to resolve allegations that the company violated the Martin Act and New York Executive Law by engaging in fraudulent and deceptive...more

Cozen O'Connor

New York AG Secures Record $2 Billion Settlement in Crypto Case

Cozen O'Connor on

New York AG Letitia James secured a $2 billion settlement with Genesis Global Capital, LLC, and related entities (collectively, “Genesis”), to resolve allegations that the bankrupt cryptocurrency firms defrauded investors,...more

Cozen O'Connor

That’s a Lot of Coin: AG James Settles with Crypto Platform for $22 Million

Cozen O'Connor on

New York AG Letitia James settled with Mek Global Limited and Phoenixfin PTE Ltd., both doing business as KuCoin, to resolve allegations that the cryptocurrency platform violated the Martin Act when it failed to register as a...more

Cozen O'Connor

The State AG Report – 10.26.2023

Cozen O'Connor on

Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: • Bipartisan AGs Step Up to the Plate to Challenge Baseball...more

Cozen O'Connor

New York AG Alleges Fraud was the Genesis of $1 Billion in Crypto Losses

Cozen O'Connor on

New York AG Letitia James filed a lawsuit against cryptocurrency companies Gemini Trust Company, LLC; Genesis Global Capital, LLC and its affiliates (“Genesis”); Digital Currency Group, Inc.; and the CEOs of Genesis and DCG...more

Cozen O'Connor

Coin Cafe Settles with New York AG for $4.3 Million to Resolve Allegations of Exorbitant and Deceptive Crypto Storage Fees

Cozen O'Connor on

New York AG Letitia James settled with cryptocurrency trading platform Coin Cafe, Inc. to resolve allegations that the company violated the Martin Act and New York Executive Law by misleading investors about the excessive...more

Cozen O'Connor

AG James Sues Cryptocurrency Platform KuCoin, Alleging Registration Status Violations

Cozen O'Connor on

New York AG Letitia James filed a lawsuit against Mek Global Limited and Phoenixfin PTE Ltd., both doing business as KuCoin, alleging that the cryptocurrency platform violated the Martin Act when it failed to register as a...more

Cozen O'Connor

Former CEO of Crypto Platform Celsius Sued by AG James for Allegedly Defrauding Investors

Cozen O'Connor on

New York AG Letitia James filed a lawsuit against Alex Mashinsky, a co-founder and former CEO of Celsius Network LLC, for violating the Martin Act and New York’s Executive and General Business Laws by allegedly defrauding...more

Bracewell LLP

Litigation and Enforcement Impact of the SEC's Proposed Rules on Climate-Related Disclosure

Bracewell LLP on

The Securities and Exchange Commission’s Proposed Rules on Climate-Related Disclosure, released March 21, 2022, represent a significant change in public company disclosure requirements and, if adopted, will have far-reaching...more

Zelle  LLP

Why Climate Plaintiffs Are Filing Securities, Consumer Suits

Zelle LLP on

A growing trend has emerged in the ongoing effort to hold greenhouse gas emitters accountable for their contributions to global climate change. The first wave of climate change lawsuits in the U.S. against carbon majors —...more

Sheppard Mullin Richter & Hampton LLP

NYAG’s Warning to Crypto Businesses Muddies Regulatory Waters

New York’s chief law enforcement agency recently squandered an opportunity to bring much needed guidance to the digital assets space. On October 18, the Office of New York Attorney General Letitia James (“NYAG”) issued a...more

Cozen O'Connor

The State AG Report - Volume 7, Issue 42

Cozen O'Connor on

Here are last week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: New York Attorney General Sets Enforcement...more

Troutman Pepper

New York Doubles Down on Regulatory Scrutiny of Crypto Lending Firms

Troutman Pepper on

On October 18, New York Attorney General Letitia James issued cease-and-desist letters directing two virtual currency lending platforms to cease “unregistered and unlawful” lending activities in New York State within 10 days,...more

Cozen O'Connor

New York Attorney General Sets Enforcement Sights on Cryptocurrency Platforms

Cozen O'Connor on

New York AG Letitia James directed two cryptocurrency lending platforms to cease sales of unregistered virtual or cryptocurrency lending products, which allegedly violate New York’s Martin Act that is intended to protect the...more

Cozen O'Connor

New York Attorney General Ramps Up Securities Enforcement Of Cryptocurrency Companies

Cozen O'Connor on

New York AG Letitia James reached a settlement with Chinese-language news and social media company GTV Media Group and its parent company Saraca Media Group, Inc. (collectively, “GTV”) to resolve allegations that GTV sold...more

Vicente LLP

Blue Sky Laws And The Cannabis Industry

Vicente LLP on

The sale of securities associated with a cannabis company are subject to the same legal requirements as those of a company in any other industry, and compliance with these is more important due to higher regulatory scrutiny....more

Robins Kaplan LLP

Financial Daily Dose 5.18.2021 | Top Story: Amazon in Talks to Acquire Movie Studio MGM

Robins Kaplan LLP on

Struggling movie studio mainstay MGM is shopping itself hard to Amazon in hopes that the prospect of bringing “James Bond, Rocky, RoboCop and other film and television properties into the e-commerce giant’s fold” is enough to...more

Cozen O'Connor

Cryptocurrency Platform Hit With Motion For TRO, Preliminary Injunction, And Receiver Appointment

Cozen O'Connor on

New York AG Letitia James moved to stop cryptocurrency trading platform Coinseed, Inc. (“Coinseed”) from allegedly executing unauthorized trades and acting as an unregistered commodity broker-dealer....more

Cozen O'Connor

Texas Power Companies Investigated Post-Storm | Cryptocurrency Investors Misled| Student Loan Relief

Cozen O'Connor on

2022 AG Elections- Republican Candidate Seeks 2022 Rematch Against Minnesota’s Incumbent Attorney General- •Doug Wardlow, general counsel for My Pillow, Inc. and a former state representative, has announced he will...more

Fox Rothschild LLP

New Reg D Rule 506 Filing Rules For New York

Fox Rothschild LLP on

In December 2020, the New York State Attorney General altered its filing rules to align with those required by the SEC’s requirements for a Regulation D Rule 506 offering. Now, for a Rule 506 offering in New York, the...more

Mintz - Energy & Sustainability Viewpoints

New York Guidance on Mandatory Filing of Form D

On December 1, 2020, New York Attorney General Letitia James issued guidance regarding, among other things, securities issued to New York residents in private placements made pursuant to Regulation D, Rule 506 under the...more

Jones Day

First Department Upholds NY AG's Authority to Investigate Virtual Currency Under the Martin Act

Jones Day on

The Development: The First Department held that the New York Attorney General ("NYAG") has broad authority to investigate virtual currency companies, while narrowing the scope of jurisdictional challenges that can be made to...more

Cozen O'Connor

COVID-19-Related Fraud Continues | Wind Turbine Scam | AG Shuts Down Illegal Robocallers

Cozen O'Connor on

COVID-19- Attorneys General and FTC Continue to Protect the Public from COVID-19-Related Fraud- Florida AG Ashley Moody sued advertising company Traffic Jam Events, LLC and its owner for allegedly mailing deceptive used car...more

Zelle  LLP

Climate Change for Insurers: When Politics Fail, Flood the Courts

Zelle LLP on

This article follows on from a series of previous articles seeking to address climate change litigation in the context of insurance and reinsurance. Three different, but important, decisions in December 2019 have once again...more

Polsinelli

Wind of Change - The Year FinTech Came in From the Cold - Polsinelli BitBlog: Year End Edition

Polsinelli on

Digital assets and Blockchain technologies which were once described as the tools of criminals, are now a key part of efforts by traditional financial services firms to transform their businesses and innovative firms looking...more

52 Results
 / 
View per page
Page: of 3

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide