News & Analysis as of

Wells Notice

Akin Gump Strauss Hauer & Feld LLP

CFTC Announces Changes to Rules Governing Enforcement Investigations and Settlement Recommendations

On December 1, 2025, the Commodity Futures Trading Commission (CFTC) announced amendments to its rules of practice and rules governing investigations, with the stated goal of enhancing transparency, fairness and due process....more

Skadden, Arps, Slate, Meagher & Flom LLP

Changes to CFTC Enforcement Process Will Expand Targets’ Rights

On December 1, 2025, the Commodity Futures Trading Commission (CFTC) announced revisions to its Rules of Practice and Rules Relating to Investigations to promote transparency and ensure due process in the commission’s...more

Morgan Lewis

Securities Enforcement Roundup – October 2025

Morgan Lewis on

In this issue of our monthly Securities Enforcement Roundup, we highlight top securities enforcement developments from October 2025. In October 2025: The federal government shutdown substantially impacted the US Securities...more

Alston & Bird

SEC Goes Back to the Wells Process

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Our White Collar, Government & Internal Investigations Team examines recent Securities and Exchange Commission (SEC) reforms to enhance fairness and transparency in the Wells process by expanding respondent engagement,...more

Goodwin

SEC Chairman Commits to Fair Enforcement Process - Atkins Sets Norms for the Wells Process and the Commission’s Consideration of...

Goodwin on

On October 7, 2025, nearing the six-month mark of his tenure as Chairman at the U.S. Securities and Exchange Commission (“SEC”), Paul S. Atkins delivered a keynote address spotlighting the SEC’s primary due process mechanism,...more

Foley & Lardner LLP

SEC Chairman Atkins Signals a Shift to a More Transparent Wells Process

Foley & Lardner LLP on

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins recently previewed updates meant to “improve on and refine” the SEC’s Wells process. In his Keynote Address at the 25th Annual A.A. Sommer, Jr. Lecture on...more

Vedder Price

Chairman Atkins Calls for a "Revisiting and Refreshing" of the Wells Process in SEC Enforcement

Vedder Price on

At a keynote address delivered at Fordham University School of Law on October 7, 2025, Chairman Paul S. Atkins underscored the central role of fairness in the Securities and Exchange Commission’s (the “SEC” or the...more

Foley Hoag LLP - White Collar Law &...

The SEC is Reforming the “Wells” Process

Key Takeaways - SEC Chairman Atkins announced changes to the Wells process, used to notify potential respondents of charges the Enforcement Division Staff intends to bring, to reflect that the process is “an extension of...more

Mayer Brown Free Writings + Perspectives

Chairman Atkins Addresses A Refresh to the Wells Process and Simultaneous Settlements and Waivers

On October 7, 2025, U.S. Securities and Exchange Commission (the “SEC” or the “Commission”) Chairman Paul Atkins presented the 25th Annual A.A. Sommer, Jr. Lecture on Corporate, Securities, and Financial Law at Fordham...more

BakerHostetler

Weekly Blockchain Blog - December 2024 #3

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Digital Asset Companies Achieve Licenses, Launch Stablecoin Products - According to a recent press release, Anchorage Digital, a digital asset platform and infrastructure provider, announced that the New York State...more

BakerHostetler

Weekly Blockchain Blog - November 2024 #2

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Crypto Firms Launch Stablecoin Network and Custody Service, Achieve Licenses - According to recent press releases, multiple major fintech and digital asset companies have partnered to introduce the Global Dollar Network...more

UB Greensfelder LLP

More FINRA Exam Tricks: Weaponizing The Wells Notice

UB Greensfelder LLP on

While it is pretty likely that anyone reading this is already familiar with the Wells process, I am going to start with a short history lesson. Way back in 1972, the SEC created an Advisory Committee to take an objective look...more

BakerHostetler

Weekly Blockchain Blog - October 2024 #2

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U.S. Fintech and Crypto Companies Continue Crypto Product Launches - According to recent reports, a major U.S. fintech and payments company has launched support for USDC payments, enabling U.S. businesses to accept USDC on...more

BakerHostetler

Weekly Blockchain Blog - September 2024

BakerHostetler on

Crypto Payments Firms Announce New Integrations and Initiatives - According to reports, fintech bank Revolut recently announced a partnership with Ledger, a major crypto hardware wallet provider, to make it easier for...more

Nelson Mullins Riley & Scarborough LLP

[Webinar] FinTech University: Fear the Reaper - FinTech and Digital Assets Litigation - September 3rd, 2:00 pm - 3:00 pm EDT

With the past year marked by a number of enforcement actions and investigations by the U.S. Securities and Exchange Commission (SEC) and other regulators against major actors in the digital assets space. This webinar will...more

Polsinelli

Blockchain+ Bi-Weekly: July 2024 #2

Polsinelli on

While the nation was preoccupied with the significant developments in the Presidential race, advocates and promoters of the blockchain ecosystem were particularly attentive to the news, given the perception that the current...more

Akin Gump Strauss Hauer & Feld LLP

CryptoLink - May 2024 Updates

CryptoLink is a compilation of news stories published by outside organizations. Akin aggregates the stories, but the information contained in them does not necessarily represent the beliefs or opinions of the firm. Akin's May...more

BakerHostetler

Weekly Blockchain Blog - June 2024

BakerHostetler on

In a recent press release, Grayscale Investments announced “the creation and public launch of two new crypto investment trusts: Grayscale Near Trust and Grayscale Stacks Trust.” According to the press release, “The trusts...more

Polsinelli

Blockchain+ Bi-Weekly: May 2024 #2

Polsinelli on

The week of May 19-25 was the most promising for the regulation of blockchain technology in the United States in a very long time. Polsinelli’s Blockchain+ team delayed the publication of this Bi-Weekly update by a week to...more

BakerHostetler

Weekly Blockchain Blog - May 2024 #2

BakerHostetler on

Crypto and Web3 Firms Announce Fintech Integrations - A major U.S. fintech firm recently announced a product integration with MoonPay, a Web3 infrastructure company, “that allows MoonPay users in the U.S. to seamlessly buy...more

Polsinelli

Blockchain+ Bi-Weekly - May 2024

Polsinelli on

Big news dropped in the past few weeks, which sent shockwaves across the industry: according to a recently filed lawsuit, the SEC has classified the second largest cryptocurrency, Ether, as a security in certain ongoing...more

Oberheiden P.C.

Ten Key Facts about SEC Investigations for CEOs and In-House Counsel

Oberheiden P.C. on

The U.S. Securities and Exchange Commission (SEC) investigates publicly-traded and privately-held companies for a broad range of statutory and regulatory violations. SEC investigations can target issues ranging from...more

BakerHostetler

New Initiatives Launch in Staking, DeFi, DAOs; IRS Issues NFT Guidance; White House Report Criticizes Crypto; SEC and DOJ Crypto...

BakerHostetler on

Staking Market Launches, ‘Defi Cover’ Data Published, DAO Buys Golf Course According to a recent press release, MetaMask Institutional, “the web3 wallet for organizations,” has launched its “institutional staking...more

Seward & Kissel LLP

Our Next Feature Attraction: Securities & Exchange Commission v. Coinbase, Inc.

Seward & Kissel LLP on

...On March 22, 2023, Coinbase, Inc. received a Wells notice from the SEC. A Wells notice is the means by which the staff of the Enforcement Division informs someone it has decided to recommend the Commission bring an...more

BCLP

Crypto yield products in the crosshairs

BCLP on

A major U.S. cryptocurrency exchange recently disclosed its receipt of a Wells Notice from the SEC, which threatened charges for violating Section 5 of the Securities Act in connection with the planned launch of a “yield...more

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