FINRA encourages firms to self-report business in #cryptocurrencies, virtual coins and tokens—even if they don't believe those assets are securities. Firms have 12 mos. to disclose their activities related to digital assets. @AlisonNoon reports. https://t.co/aWEpQcRpwy #tokensale
“There is some urgency,” @SecretaryOfMass said. “I think there’s a void being left here and it has to be filled.” Top securities watchdog in Massachusetts isn't buying industry's legal arguments, pursues higher standards for finance pros. Only on @Law360:
https://t.co/ql63QHprei
OFAC chose not to sue Western Union, instead commending the bank for having a global sanctions compliance program “that seemed to be effective except in this instance.” https://t.co/DCD3JL4rhs
Precidian has been working toward these no-action letters for 10 years. The SEC did not disappoint:
“We are not persuaded that the operation of the ETFs as provided for in the application would involve unlawful trading on material nonpublic information." https://t.co/pktOuu2jcn