‘Enforcement 40’ for 2020
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By Securities Docket on March 7, 2018, 2:53 pm
Online trading platforms have become a popular way investors can buy and sell digital assets, including coins and tokens offered and sold in so-called Initial Coin Offerings (“ICOs”). The platforms often claim to give investors the ability to quickly buy and sell digital assets. Many of these platforms bring buyers and sellers together in one […]
By Securities Docket on March 7, 2018, 2:51 pm
On March 1, 2018, John Cronan, Acting Assistant Attorney General for the Criminal Division of the U.S. Department of Justice (the “DOJ”), and Benjamin Singer, Chief of the Securities and Financial Fraud Unit of the DOJ Fraud Section, announced that the DOJ will use the Foreign Corrupt Practices Act Corporate Enforcement Policy (the “FCPA Policy”) […]
By Securities Docket on March 7, 2018, 11:52 am
Coinbase, the cryptocurrency trading platform, announced Tuesday the launch of an index fund which will allow investors to put money into a basket of four of the largest cryptocurrencies. The so-called Coinbase Index Fund will give investors access to the digital currencies listed on GDAX, the exchange operated by Coinbase. It will be weighted by […]
By Securities Docket on March 7, 2018, 10:08 am
Please join Cathy Connolly and Jonathan Shapiro for this free webcast.
By Securities Docket on March 7, 2018, 8:36 am
On February 7, 2018 the SEC’s Office of Compliance Inspections and Examinations (OCIE) announced its 2018 National Exam Priorities. The priorities, formulated with input from the Chairman, Commissioners, SEC Staff and fellow regulators, are mostly unchanged from years past (New Year, Similar Priorities: SEC Announces 2017 OCIE Areas of Focus). However, the publication itself is presented […]
By Securities Docket on March 7, 2018, 8:35 am
When choosing transactions to test as part of anti-bribery assessments, the usual suspects include expense accounts like consulting, marketing, promotions, commissions, or miscellaneous. Other expense accounts are selected based on the nature of the company’s business, risk factors or descriptions of the account. But don’t overlook the balance sheet. While it is true that corrupt payments […]
By Securities Docket on March 7, 2018, 8:33 am
One of the earliest investors in the internet expects that bitcoin and other cryptocurrencies will be the primary means of payment in five years. via Early internet investor Tim Draper predicts in five years we’ll only be using cryptocurrencies to pay.
By Securities Docket on March 7, 2018, 8:29 am
Virtual currencies like bitcoin can be regulated as commodities by the U.S. Commodity Futures Trading Commission, a federal judge ruled Tuesday. U.S. District Judge Jack Weinstein in Brooklyn ruled that the CFTC had standing to bring a fraud lawsuit against New York resident Patrick McDonnell and his company Coin Drop Markets, allowing the case to […]
By Securities Docket on March 7, 2018, 8:17 am
Because of a lack of written legislation dealing with crypto assets, deciding how to regulate them has been left up to the regulatory bodies and not the citizens up until now. There isn’t anything wrong with the SEC enforcing laws in the way it best sees fit; the problem lies in the fact that we, […]
By Securities Docket on March 7, 2018, 8:15 am
The New York Stock Exchange and two of its more specialized exchanges on Tuesday were fined by the Securities and Exchange Commission, for allegedly making up rules as they went along in the face of market volatility. The $14 million fine in part was the result of being a recidivist after previous violations were settled […]