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SEC Subpoena? How Cryptocurrency Companies Should Prepare

SEC Subpoena? How Cryptocurrency Companies Should Prepare

The SEC is effectively expanding its jurisdiction into the cryptocurrency and ICO market. Dozens of companies, possibly hundreds, are receiving SEC subpoenas, which I advise them to take very seriously.
High profile companies, including giants like TechCrunch’s cryptofund, are...

Cryptocurrency and ICO Space Prepare for Increasing SEC Scrutiny

Cryptocurrency and ICO Space Prepare for Increasing SEC Scrutiny

The SEC has repeatedly warned cryptocurrency investors about the market’s vulnerability to large-scale fraud. Likewise, the agency has made it clear that cryptocurrency offerings that function as securities will be treated as such, and thus subjected to scrutiny. 
Since SEC...

SEC Suit Targets Fintech Startup Scam

SEC Suit Targets Fintech Startup Scam

The SEC has filed a complaint accusing Mozido's founder, Michael Liberty, and four of his associates of defrauding investors out of over $48 million. The mobile payments startup allegedly used funds from investor accounts to sustain its managers' luxurious lifestyles.  
The...

Brooklyn Prosecutors Say ICOs are Securities in Alleged Fraud Case

Brooklyn Prosecutors Say ICOs are Securities in Alleged Fraud Case

On March 19, 2018, federal prosecutors once again reinforced the notion that cryptocurrencies can be securities, as they upheld their certainty that ICOs offered by Maksim Zaslavskiy through his companies REcoin and Diamond Reserve Club, were in fact, securities, and thus, under the SEC’s...




SEC Enforcement Actions and Fines Plummet Under Trump

SEC Enforcement Actions and Fines Plummet Under Trump

Much has been said about the Trump’s administration effect on the SEC’s regulatory activities. Now, hard data confirms what we all suspected: under Trump, the Securities Exchange Commission has brought fewer enforcement actions and reduced its financial sanctions.
A new study by a...


SEC Accuses Two NYC Brokers of Defrauding Customers

SEC Accuses Two NYC Brokers of Defrauding Customers

The SEC has accused two former Alexander Capital LP brokers, William Gennity and Rocco Roveccio of engaging in unlawful trading and deception that caused their customers to lose hundreds of thousands of dollars, while they earned a comparable amount in fees. 
Gennity and Roveccio both...

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