Article colleagues and I wrote addressing the questions the SEC staff raised about the characteristics of digital assets and the Custody Rule under the Advisers Act. Originally appeared in the Aug. 2020 IAA Newsletter
https://t.co/2ovax1kfgl
SEC proposes to update the definition of "Accredited Investor", one of the main tests for who can invest in private funds and the private capital markets.
https://t.co/zFPw7HHSW0
The SEC settles with another ICO issuer that agrees to return funds and register tokens. Paragon, Airfox and now Blockchain of Things Inc.
https://t.co/00HQRTgVsp
Today the SEC announced enforcement actions against 2 robo-advisers for publishing misleading statements about their investment products, violating advertising rules and other violations.
https://t.co/fPDu7BC7e4
SEC Exam Office issued a Risk Alert is to remind investment advisers of their obligations when their employees use electronic messaging
https://t.co/CWXAguSCku
SEC charges Yucaipa, a registered investment adviser that provides advisory services to private equity funds with negligent failure to disclose financial conflicts of interest and misallocation of fees and exp between the funds.
https://t.co/MChATg4aGo
"For the naysayers of cryptocurrencies and initial coin offerings, this is the anticipated end of a speculative bubble...Blockchain, the underlying technology for cryptocurrencies, is useful, and unlikely to disappear."
https://t.co/5KOAwnTXvO