6/26/2020 12:00:00 AM Telegram Settles With SEC, Agreeing to Return $1.2 Billion to Investors and Pay Penalty By A&O Shearman On June 26, 2020, the U.S. Securities and Exchange Commission (“SEC”) received court approval of its settlement with Telegram Group Inc.,...
10/21/2019 12:00:00 AM SEC Order Freezes Alleged Unregistered Digital Token Offering By A&O Shearman Earlier this month, the Securities and Exchange Commission (SEC) obtained a temporary restraining order freezing an alleged unregistered...
8/22/2019 12:00:00 AM SEC Stays Active in the Digital Asset Enforcement Space, Delays Bitcoin ETF Decisions By A&O Shearman In the first three weeks of August, the Securities and Exchange Commission (SEC) commenced or settled three enforcement actions related...
8/5/2019 12:00:00 AM U.K. Regulator Provides Guidance on Regulatory Perimeter and Crypto-Assets By A&O Shearman The U.K. Financial Conduct Authority (FCA) has published a Policy Statement and final Guidance on Crypto-assets. The Policy Statement...
7/22/2019 12:00:00 AM ESMA Publishes Report on the Licensing of FinTech Business Model By A&O Shearman Fulfilling its mandate under the European Commission's FinTech Action Plan to map the current authorization and licensing approaches for...
6/19/2019 12:00:00 AM Financial Services Regulation for FinTech Companies By A&O Shearman Partner Nathan Greene and Associate Justin Reda (both New York-Investment Funds) have published a two-part article in Law360 titled...
6/10/2019 12:00:00 AM SEC Sues Kik Interactive for Conducting Unregistered ICO By A&O Shearman On June 4, 2019, the Securities and Exchange Commission (SEC) sued Canadian mobile messaging company Kik Interactive, Inc. (Kik) for...
3/22/2019 12:00:00 AM ABA White Paper Offers Roundup of Global Digital Asset Regulations By A&O Shearman Last week, the American Bar Association (ABA) published a white paper surveying the regulation of digital assets in a number of global...
3/20/2019 12:00:00 AM SEC Chairman Clayton Addresses Application of Federal Securities Laws to Digital Assets By A&O Shearman Earlier this month, Securities and Exchange Commission (SEC) Chairman Jay Clayton responded to a letter from Congressman Ted Budd (NC)...
2/26/2019 12:00:00 AM SEC Settles Unregistered ICO without Penalty after Company Self-Reported to SEC By A&O Shearman On Feb 20, 2019, the Securities and Exchange Commission (SEC) charged a company with conducting an unregistered initial coin offering...
2/15/2019 12:00:00 AM SEC Commissioner Peirce Calls for Thoughtful Application of U.S. Securities Laws to Digital Assets By A&O Shearman In a February 8, 2019 speech, Securities and Exchange Commission (SEC) Commissioner Hester Peirce suggested that the regulators should...
2/12/2019 12:00:00 AM Kik Interactive and Kin Ecosystem Foundation Respond to Wells Notice Alleging Violation of Securities Laws By A&O Shearman In late 2018, the Securities and Exchange Commission (SEC) sent a Wells Notice to Kik Interactive Inc. and the Kin Ecosystem Foundation...