Initial Coin Offering Attorneys Beware, You Could Be Next! | Crowdfund Insider

SEC enforcement actions taken directly against attorneys are on the rarer side but they do happen. When they do occur they typically involve allegations that the subject attorney was negligent or otherwise knowingly assisted a client in committing fraud.

While to date the SEC has not hinted at any attorney(ies) knowingly committing, or otherwise assisting with, fraudulent activities in connection with any ICO, its clear from Clayton’s statements above the SEC believes that many ICO attorneys were negligent in their advice or otherwise lax in fulfilling their gatekeeper roles.

via Initial Coin Offering Attorneys Beware, You Could Be Next! | Crowdfund Insider.