Tag: Bans

Why America Should Ban Crypto – WSJ

In the U.S. in recent years, privately owned companies have issued thousands of new cryptocurrencies, large and small. These have later become publicly traded without any governmental pre-approval of disclosures. *** Such wretched excess has gone on because there is a gap in regulation. A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a…

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Recent Rulings Can Help Securities Defendants Avoid Industry Bans

Federal district courts increasingly are expressing concerns about the effect being barred from the securities industry as part of a settlement will have on defendants’ livelihoods, even in cases where they acted with knowledge of wrongdoing. In three recent litigated Securities and Exchange Commission enforcement actions involving violations of the Investment Advisers Act, courts have denied the SEC’s request for…

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