Signs are pointing to a long and strategic effort to regulate what has been called the "Wild West" of the crypto market. Congress has approved a bigger budget for the Securities and Exchange Commission (SEC), and Gary Gensler, chair of the SEC, recently said of the...
The Securities and Exchange Commission (SEC) has accused Genesis, a cryptocurrency lender, and Gemini, a crypto exchange, of failing to register a product as a securities offering. The product, called Earn, was touted as providing yields of up to 8%. Earn was...
In a recent complaint, the Securities and Exchange Commission (SEC) announced charges against four individuals allegedly involved in a cryptocurrency Ponzi scheme that took in money from more than 100,000 investors worldwide. The individuals are charged in connection...
The Securities and Exchange Commission is keeping up with Kim Kardashian after she allegedly violated a provision of federal securities laws when she failed to disclose a $250,000 payment received from EthereumMax (EMAX) for touting a crypto asset. What happened? The...
Five attorneys at Ford O'Brien Landy LLP were recently acknowledged by Super Lawyers for acclaimed legal services. Congratulations to Kevin O'Brien, Adam Ford, Robert Landy, Matthew Aaron Ford and Nicolette Beuther, who were all recognized by New York Metro Super...
Back in July, a former product manager at Coinbase Global Inc. was arrested for allegedly providing insider information to help his brother and a friend purchase crypto tokens before they were listed on the Coinbase exchange. Now the Department of Justice (DOJ) has...
An SEC investigation is never a welcome turn of events, but wise choices can mitigate the damage an investigation may have on your firm. One strategy for reducing the overall expense and liability is to engage in remediation efforts, as one Silicon Valley company...
The Financial Industry Regulatory Authority (FINRA) does more than just oversee broker-dealers in the United States. FINRA can also issue fines and suspensions, as well as bar individuals from the brokerage industry. One way that FINRA determines whether there is an...
In yet another episode in the ongoing battle between the SEC and billionaire Elon Musk, a federal judge has rejected Musk's bid to have a settlement thrown out arising from a tweet he posted in 2018. The parties reached the settlement after Musk tweeted a message...
Chief compliance officers (CCOs) play a critical role in helping broker-dealers avoid regulatory oversights and promote the overall integrity of the market. However, CCOs are obviously not the only parties who could be on the hook for regulatory violations at a...
