Daily Archives: December 15, 2017, 10:30 am

SEC Fires ‘Shot Across the Bow’ With Statement on Initial Coin Offerings | Corporate Counsel

And now, Morgan said, the SEC’s enforcement actions against ICOs are “a shot across the bow.” “The various speeches and alerts over the last few months served to let ICO issuers know the SEC is watching,” he said, noting that Monday’s statement “goes further by indicating where the SEC might go next: to promoters, gatekeepers and secondary market participants.” “In short, the chair is…

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Another ICO Draws a Securities Class Action Lawsuit | The D&O Diary

According to news reports, the amount raised through Initial Coin Offerings (ICOs) in 2017 now exceeds $4 billion. This surge of activity has drawn the attention of regulators. The SEC is clearly stepping up its ICO-related enforcement activity. ICOs are also drawing the attention of securities class action plaintiffs’ attorneys. As I noted in a prior post, plaintiffs’ attorneys have…

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Tesla was under federal investigation over Model 3

The Securities and Exchange Commission investigated Tesla over the way it was selling its Model 3 sedan, but the company failed to tell investors about the probe, and may still be under federal investigation, according to a new report. The firm led by CEO Elon Musk was under formal investigation by the securities regulator from June 2016 to May 2017, according…

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