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Gimme Shelter: CorpFin Rolls Out New Perspective on Covered Stablecoins

On April 4, 2025, the staff of the Securities and Exchange Commission’s Division of Corporation Finance (the “Staff”) issued a Staff Statement (the “Statement”) announcing its view that the offer and sale of Covered...more

Meme Coins: Collectibles, Not Securities.

On February 27, 2025, the Securities and Exchange Commission’s Division of Corporation Finance (“CorpFin”) issued a Staff Statement announcing its view that meme coin transactions do not involve the offer and sale of...more

New AML Whistleblower Law: Making it Worth It?

In December 2022, Congress handed would-be whistleblowers reporting money laundering and sanctions violations fresh financial incentives when it passed the Anti-Money Laundering (AML) Whistleblower Improvement Act. The Act...more

OCIE’S Latest Risk Alert: Another Warning Shot for Private Fund Advisers

On June 23, 2020, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) published a Risk Alert, Observations from Examinations of Investment Advisers Managing Private Funds (the “Risk Alert”), detailing their...more

Cui Bono? The ( Latest ) Personal Benefit Test in Insider Trading Cases

In the last four years, the Federal Courts of Appeal and the Supreme Court have addressed the significant question of what constitutes a personal benefit in determining whether an insider has breached a fiduciary duty in...more

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