Illinois pardons over 11,000 people for low-level marijuana offenses
As CNN reports, the Governor of Illinois has decided to issue pardons for over 11,000 citizens of the state who have been convicted of low-level marijuana offenses. This action comes simultaneously with the legalization of weed for all… Read More
Blockchain of Things Inc. (BCOT) Charged by SEC for Unregistered ICO
Blockchain technology company Blockchain of Things Inc. (BCOT) settled charges brought against them by the Securities and Exchange Commission (SEC) on December 18, 2019, for conducting an unregistered initial coin offering (ICO). The New York-based startup Blockchain of… Read More
SEC Proposes to Update Accredited Investor Definition to Increase Access
On December 18, 2019, the Securities and Exchange Commission made an announcement that could be a very big deal for many companies that want to go public to raise money. This announcement was a proposal that shows that… Read More
SEC and DOJ Charge Against Kenneth Ciapala, Ulrick Debo and Associates
The Boston and New York SEC and DOJ Charge Kenneth Ciapala, Ulrik Debo, and Others in International Scheme The Securities and Exchange Commission (SEC) and the Department of Justice (DOJ} started the new year off with a bang,… Read More
SEC Proposes Disclosure Rules for Resource Extraction Issuers
The Securities and Exchange Commission (SEC) on December 18, 2019, voted to “propose rules that would require resource extraction issuers to disclose payments made to foreign governments or the U.S. federal government for the commercial development of oil,… Read More
SEC Improves Framework for Cross-border Security-based Swaps
On December 18, 2019 the SEC introduced new rules and guidance for security-based swaps that transcend borders. Many interested parties trade across borders and maintain different international locales. For more information, you can read the Fact Sheet released… Read More
Amazon Bans Sale of CBD; Still Shipped Legally by USPS
As we write about often on our blog, the regulatory state of CBD is in flux, and owners of CBD companies should be aware of the challenges that they have to face in the current market. The world’s… Read More
Practical Considerations in Regulation A+ Offerings
PRACTICAL CONSIDERATIONS IN REGULATION A+ OFFERINGS On March 25, 2015, The Securities and Exchange Commission (the “SEC”) adopted final rules to implement Section 401 of The Jumpstart Our Business Startups (JOBS) Act by expanding Regulation A into two… Read More
SEC Adopts New Rules 15Fi-3, 15Fi-4, and 15Fi-5
On Wednesday, December 18, 2019, the SEC adopted new rules 15Fi-3, 15Fi-4, and 15Fi-5, which they describe as risk mitigation techniques for uncleared security-based swaps. These rules “establish requirements for registered security-based swap dealers and major security-based swap… Read More
Silicon Valley IT Administrator Charged in Insider Trading Ring
Janardhan Nellore, a 42 year old IT administrator, has been charged with using confidential earnings information, along with his friends, to trade on a Silicon Valley cloud-computing company that he was working for. The scheme netted him and… Read More
