In a regulatory first, the Commodity Futures Trading Commission (CFTC) announced its 2019 examination priorities for registrants of the Division of Market Oversight (DMO), the Division of Swap Dealer and Intermediary...more
3/1/2019
/ CFTC ,
Cryptocurrency ,
Designated Contract Markets (DCMs) ,
DMO ,
DSIO ,
Examination Priorities ,
Financial Markets ,
Rulemaking Process ,
SEFs ,
Swaps ,
Trading Plans
Amid concerns that many investors may not fully understand the risks associated with virtual currencies, or the limits of regulatory oversight, the National Futures Association (NFA) recently issued an interpretive notice...more
9/5/2018
/ Bitcoin ,
Commodities ,
Commodity Trading Advisors (CTAs) ,
CPOs ,
Cryptocurrency ,
Currency Exchange ,
Cybersecurity ,
Digital Currency ,
Disclosure Requirements ,
Financial Markets ,
Futures ,
Futures Commission Merchants (FCMs) ,
Interpretive Rule ,
Introducing Brokers ,
Investment Products ,
Investor Protection ,
National Futures Association ,
NFA ,
Popular ,
Regulatory Oversight ,
Regulatory Requirements ,
Virtual Currency
As part of the ongoing efforts of the federal government, agencies and financial market regulators to respond to the growing cryptocurrency market, the Office of Foreign Asset Control (OFAC) of the Department of Treasury...more
Both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) recently released their respective 2018 examination priorities, providing a glimpse into their plans for the year to...more
3/2/2018
/ Anti-Money Laundering ,
Capital Raising ,
Cryptocurrency ,
Customer Due Diligence (CDD) ,
Digital Currency ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Markets ,
Initial Coin Offering (ICOs) ,
Investment Funds ,
OCIE ,
Popular ,
Regulatory Agenda ,
Regulatory Oversight ,
SEC Examination Priorities ,
Secondary Markets ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Virtual Currency
After our recent client alert summarizing recent U.S. regulatory developments in the crypto-world, the House of Representatives of the State of Wyoming passed HB 70, referred to as the “Utility Token Bill” and HB 19, known as...more
3/1/2018
/ Cryptocurrency ,
Digital Currency ,
EU ,
Financial Markets ,
France ,
Initial Coin Offering (ICOs) ,
Regulatory Agenda ,
Switzerland ,
Token Sales ,
Unregistered Securities ,
Virtual Currency
On Feb. 6, Jay Clayton and Christopher Giancarlo, the chairmen of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), respectively, jointly testified before the Senate Banking...more
3/1/2018
/ Bitcoin ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
ETFs ,
Financial Markets ,
Initial Coin Offering (ICOs) ,
Investment ,
Regulatory Oversight ,
Risk Management ,
Token Sales ,
Trading Platforms ,
Virtual Currency
One week after filing a fraud suit against the organizer of the PlexCoin token sale, the SEC issued an enforcement order in connection with a token offering by Munchee and a public statement that shed some additional light on...more
2/8/2018
/ Blockchain ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
Financial Markets ,
Initial Coin Offering (ICOs) ,
Popular ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Token Sales ,
Unregistered Securities ,
Virtual Currency
Global Regulators Increasingly Shifting Focus to Cryptocurrency -
After years of allowing cryptocurrency transactions to fly under the radar, financial market regulators are beginning to turn their attention to virtual...more
2/2/2018
/ Bitcoin ,
Cryptocurrency ,
Digital Currency ,
EU ,
Financial Markets ,
Initial Coin Offering (ICOs) ,
Investment Funds ,
New Legislation ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Securitization ,
Tax Cuts and Jobs Act ,
Tax Reform ,
Token Sales ,
Virtual Currency
The effect of Bitcoin on securities markets and enhanced measures related to retail investors were the focus at the October meeting of the Securities and Exchange Commission’s (SEC) Investor Advisory Committee (Committee)....more
12/5/2017
/ Blockchain ,
Disclosure Requirements ,
Distributed Ledger Technology (DLT) ,
Financial Markets ,
Fixing America’s Surface Transportation Act (FAST Act) ,
Investment ,
Investment Funds ,
Popular ,
Regulation S-K ,
Regulatory Oversight ,
Retail Investors ,
Securities and Exchange Commission (SEC)
On July 6, the Securities and Exchange Commission (SEC) reached a settlement with respondent Paramount Group Real Estate Advisor LLC (Respondent) regarding certain alleged violations of the Investment Advisers Act of 1940, as...more