SEC Sues Kik Interactive For Conducting $100M USD Unregistered ICO

ICO News, News, Regulation | June 5, 2019 By:

The US Securities and Exchange Commission (SEC) has sued social media company Kik Interactive for conducting a $100 million initial coin offering (ICO) in 2017, which the regulator deemed as an unregistered security issuance.

In its complaint, the SEC charges that Kik sold its Kin tokens to US investors without registering their offer and sale as required by the US securities laws.

 Read more  »

US SEC Names Erin Schneider As Director Of San Francisco Office

Job Appointments | May 29, 2019 By:

The US Securities and Exchange Commission (SEC) has appointed Erin E. Schneider as Director of the San Francisco Regional Office.

Schneider joined the SEC in 2005 as a staff attorney in the San Francisco office. She was promoted to Assistant Regional Director of the Enforcement Division’s Asset Management Unit in 2012 and then to Associate Regional Director of the San Francisco office in 2015.

 Read more  »

US SEC Shuts Down Diamond-Related Crypto Ponzi Scheme

Crime, News | May 23, 2019 By:

The US Securities and Exchange Commission (SEC) has halted an ongoing $30 million crypto Ponzi scheme targeting more than 300 investors in the US and Canada.

The agency said Judge Robin L. Rosenberg of the US District Court for the Southern District of Florida granted the SEC’s request for a temporary restraining order and temporary asset freeze against South Florida-based Argyle Coin,

 Read more  »

US SEC Delays Decision On VanEck Bitcoin ETF Application

News | May 21, 2019 By:

The US Securities and Exchange Commission (SEC) has again delayed its decision on the VanEck and SolidX bitcoin exchange-traded fund (ETF) proposal.

The bitcoin ETF proposal was filed by Chicago Board Options Exchange (CBOE) in June 2018. In September 2018, the SEC postponed its decision claiming that there was not adequate statements support to the proposal.

 Read more  »

SEC Names Adam Aderton As Co-Chief Of Asset Management Unit

Job Appointments | May 3, 2019 By:

The US Securities and Exchange Commission (SEC) has announced that Adam S. Aderton has been named Co-Chief of the Division of Enforcement’s Asset Management Unit, succeeding Anthony Kelly, who left the agency in November 2018.

The Asset Management Unit is the Enforcement Division’s largest specialized unit and focuses on misconduct by investment advisers and service providers to mutual funds,

 Read more  »

US SEC Publishes Framework For Investment Contract Analysis Of Digital Assets

News, Regulation | April 4, 2019 By:

The US Securities and Exchange Commission (SEC) has published a framework for analyzing whether a digital asset is offered and sold as an investment contract.

Called “Framework for ‘Investment Contract’ Analysis of Digital Assets,” the new framework is part of the agency’s continuing effort to assist companies seeking to comply with the US federal securities laws.

 Read more  »