FINLAW: The SEC proposes a finder exemption to broker-dealer registration
Last week, the SEC proposed a finder’s exemption to foster capital raising for small businesses. The proposal, which is not yet final, provides a safe harbor for finders to assist issuers in raising capital from accredited investors. The proposal creates two tiers of finders (Tier I and II), and the requirements a finder must meet
Read MoreFINLAW: Peirce’s proposed safe harbor for three years of crypto (almost) regulatory immunity unlikely to become reality; Telegram Court proceeding presents opportunity for clarification of law
SEC Commissioner and Crypto Mom Hester Peirce completed her adoption of the crypto industry four days ago. Peirce single handedly proposed a safe harbor for crypto/digital asset offerings excusing all regulatory violations except fraud. The safe harbor proposal provides regulatory immunity except for fraud to crypto offerings for a period of three years to enable
Read MoreFINLAW: No action letter issued by SEC as to when a digital asset is not a security, April 3, 2019
The SEC today issued no action relief to Turnkey Jet, Inc. (Turnkey) providing for the first time an analysis of when a digital asset is not a security. Unsurprising, the SEC relied on the opinion of legal counsel that set forth factual representations alleviating the concern that the digital asset issuance was for the purpose
Read MoreSpeaker, 51 percent Crypto Research Podcast, November 20, 2018
The legality of ICOs Etherdelta, Paragon and Airfox enforcement actions The legality of security tokens and exchanges Will all ICOs have to return investor money How the SEC is positioning in the space The BAKKT Delay ETF timing and impact Much, much more. Listen to podcast at the link below. https://fiftyonepercent.podbean.com/e/scott-andersen-a-former-prosecutors-take-on-the-legality-of-crypto-icos-returning-funds-and-sec-enforcement-actions/
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