On June 4, the U.S. Securities and Exchange Commission (the “Commission”) announced that Valerie A. Szczepaknik was named Associate Director of the Division of Corporation Finance and Senior Advisor for Digital Assets and Innovation for Division Director Bill Hinman. Valerie A. Szczepaknik is referred to…
Technology companies and advisors involved in cryptocurrencies have received a number of subpoenas and information requests from the U.S. Securities and Exchange Commission (SEC) during the last few weeks and they are alarmed. While the content of these subpoenas and information requests have generally remained…
You are reading this because you or someone you know wants to launch an Initial Coin Offering or Initial Token Offering (“ICO”) in 2018. You also may not know exactly how to get started but there is one thing you are absolutely certain of: you…
On October 31, 2017, Munchee Inc. (Munchee) launched an Initial Coin Offering (ICO) to raise $15 million to improve its blockchain-based iPhone app, an app to post pictures of and review restaurant meals. The next day, the U.S. Securities and Exchange Commission (SEC) contacted Munchee –…
ICOs are Hot, Hot, Hot! As everyone knows, ICOs (initial coin offerings) are all the rage right now. This one raised $100 million in thirty minutes, that one raised $150 million in two days, and the list goes on. Companies all over the globe are…
ICOs are on the rise and the SEC’s Cyber Unit is proactively fulfilling its promise to protect investors against cyber-related misconduct involving distributed ledger technology and ICOs. Earlier this month, the SEC filed fraud charges against Dominic Lacroix, age 35, Sabrina Paradis-Royer, age 26 (Lacroix’s…
ICOs are on the rise and so are SEC Cyber Unit enforcement initiatives. Last week, I represented Bevilacqua PLLC at the Crowdfunder Educational Series “Introduction to Launching an ICO” at Expert DOJO in Santa Monica, California and heard from some subject matter experts. Following are…
