Tag: Attorneys

Where Are the (Crypto) Lawyers? | LinkedIn

It’s Déjà vu all over again at the SEC. At the 2021 SEC Enforcement Forum, Chair Gary Gensler of the U.S. Securities and Exchange Commission (SEC), seized the opportunity to admonish the rising crop of self-anointed fintech lawyers who too often advise their clients on how to circumvent U.S. securities laws — as opposed to how to comply with them.…

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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…

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The SEC Man Cometh for ICO Attorneys | Bloomberg Law

The Securities and Exchange Commission is expanding its focus from the companies developing initial coin offerings to the hundreds of lawyers who are guiding them through regulatory gray areas. The industry argues it doesn’t fit neatly into existing legal frameworks as global regulators consider whether virtual tokens might be securities — which require strict regulatory compliance. Attorneys that intentionally misadvised…

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