Bridging the Week by Gary DeWaal: January 28 – February 1 and February 4, 2019 (Spoofing; SEF Trading; Security Tokens; Bitcoin Sales)

Published Date: February 03, 2019

Both the Securities and Exchange Commission and the Commodity Futures Trading Commission resumed full operations last week. Promptly, the CFTC and the Chicago Board of Trade resolved coordinated enforcement actions against an alleged spoofer of soybean futures products traded on CBOT. Separately, the SEC filed a supplemental brief with a US federal court in California to augment its effort to set aside a November 2018 decision denying the agency a preliminary injunction against defendants in connection with their presales of an initial coin offering and an ICO of a cryptoasset that the SEC alleged was an unregistered security. The SEC claimed that the court misapplied applicable law related to what constitutes a security as well as the standards for a preliminary injunction. As a result, the following matters are covered in this week’s edition of Bridging the Week:

The next regular edition of Bridging the Week will be distributed on February 19, 2019, because of business travel and the US Presidents’ Day holiday on February 18.

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Gary DeWaal

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.

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Gary DeWaal
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