A private lawsuit alleging the illegal sale of unlicensed securities and securities fraud was recently filed against the promoters of a highly successful initial coin offering, as well as other persons, in a state court in California. This legal action comes shortly after the Securities and Exchange Commission warned that ICOs could involve the offer and sale of securities subject to registration requirements that are not appropriately registered or exempt. Separately, the Commodity Futures Trading Commission filed and settled charges against a swap dealer, alleging that the firm failed to disclose certain price information in a manner precisely required by regulation prior to swap entry and afterwards. As a result, the following matters are covered in this week’s edition of Bridging the Weeks:
Gary DeWaal is currently Special Counsel with Katten Muchin Rosenman LLP in its New York office focusing on financial services regulatory matters. He provides advisory services and assists with investigations and litigation.
November 12, 2017
October 29, 2017
October 22, 2017
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