FINLAW: Asking your customer to move their brokerage account MAY violate Regulation Best Interest (“Regulation BI”)
- By: admin
- Jan 19
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FINRA member Firms are required by June 30, 2020, to comply with Regulation BI. Regulation BI is a rulemaking package that one regulator described as a “once-every-several decades” rule.[1] Regulation BI mandates four essential obligations which will transform the way retail broker-dealers (“BDs”) do business in the United States. These include the Disclosure obligation, Care
Read MoreSpeaker, Bootstrap Legal interview of Scott Andersen on Real Estate Syndication, October 10, 2019
- By: admin
- Nov 1
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FINLAW: Initial Exchange Offerings, April 26, 2019
- By: admin
- Apr 26
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I was interviewed by a Chinese newspaper ChainDD concerning Initial Exchange Offerings (IEOs). Just like Initial Coin Offerings, if we are discussing a security, IEO Offerings need to either be registered with the U.S. Securities Exchange Commission or meet an exemption from registration or they are illegal under United States law. See the ChainDD interview
Read MoreFINLAW: NY Attorney General obtains NY GBL Section 354 order against Bitfinex and Tether, April 25, 2019
- By: admin
- Apr 25
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See my comments to breaking story and how this action is different from the norm at https://www.crowdfundinsider.com/2019/04/146826-new-york-attorney-general-issues-court-order-alleging-fraud-pertaining-to-bitfinex-and-tether-cover-up-of-850-million-loss-is-claimed/ and https://blockonomi.com/ny-ag-says-bitfinex-engaged-in-fraud-cover-up-but-exchange-denies/ and https://bitcoinmagazine.com/articles/bitfinex-faces-legal-action-from-ny-attorney-general-heres-what-this-means/ and https://www.coindesk.com/bitfinex-nyags-order-is-hurting-our-customers-and-the-crypto-market
Read MoreFINLAW: SEC Issues First No Action Letter Regarding Tokenization of Digital Asset by TurnKey Jet that is NOT a Security, April 3, 2019
- By: admin
- Apr 3
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See my comments to CROWDFUND INSIDER article relating to the SEC’s Turnkey no action letter. https://www.crowdfundinsider.com/2019/04/146005-sec-issues-first-no-action-letter-regarding-tokenization-of-digital-asset-by-turnkey-jet-that-is-not-a-security/ SEC Issues First No Action Letter Regarding Tokenization of Digital Asset by TurnKey Jet that is NOT a Security April 3, 2019 @ 11:05 am By JD Alois The Securities and Exchange Commission (SEC), Division of Corporate Finance, has issued its
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