Audit Board

DECEMBER 12, 2022

I’m pleased to continue the tradition, as 2022 gave us no shortage of worthy headlines. Environmental, social, and governance (ESG) risks have regulatory, reputational, ethical, shareholder, and operational implications for most companies. New Chief Calls FTX’s Corporate Control a ‘Complete Failure’.

Compliance 52

Compliance Marketability Technology 52

Benzinga

JANUARY 5, 2023

Department of Justice is working to seize $465 million worth of Robinhood Markets Inc (NASDAQ: HOOD ) shares associated with Sam Bankman-Fried , the founder of the collapsed FTX cryptocurrency exchange. " Binance US's Proposed $1B Deal For Voyager Digital Hits SEC Roadblock. Securities and Exchange Commission.

Marketability 98

Marketability Technology 98

Reynolds Holding

APRIL 18, 2024

One of the hallmarks of PCCE is that it brings together academics, regulators, and industry professionals, and allows us to have candid conversations about corporate misconduct and the ways in which we can all work together to improve compliance. And that’s precisely what I’d like to do this afternoon. I’ll simply note they exist. [5]

Compliance 45

Compliance Technology Start-ups Marketability 45

Audit Board

JANUARY 2, 2023

The FTX scandal is already a fable for our time, reminding us that culture and governance still matter. A clear line connects FTX’s lack of governance, oversight, and risk management with its toxic company culture. Call Out Aspects of Corporate Culture That Expose Your Organization to Key Risks.

Compliance 88

Compliance Technology 88

Reynolds Holding

JULY 4, 2023

These enforcement actions come after a series of scandals and market crashes, including at FTX, Celsius, and Voyager. In a forthcoming article , I examine the business model of crypto-trading platforms. A fundamental question is whether crypto-trading platforms should issue their own stablecoins.

Marketability 59

Marketability Finance Technology Banking 59

Reynolds Holding

SEPTEMBER 26, 2023

Second, the recent collapse of cryptocurrency markets and FTX, which are closely related to the metaverse, showed the downside of a lack of regulation. If server location is considered an improper nexus for sourcing income, the locations of metaverse platform companies might be a practical option. Cardozo School of Law.

Marketability 105

Marketability Compliance 105

Reynolds Holding

FEBRUARY 12, 2023

Several developments suggest that venture capitalists (VCs) are retreating from their traditional corporate governance role of monitoring their portfolio companies. Startup founders are retaining more equity and control over their companies, and contrary to past practice, some VCs say they will never remove a founder.

Finance 59

Finance Firm-specific Risk Equity Specific Risk 59

Musings on Markets

NOVEMBER 15, 2022

In my first two posts on Facebook, I noted that its most recent earnings report, and the market reaction to it, offers an opportunity for us to talk about bigger issues. If making this connection comes naturally to you, you are lucky and definitely the exception, because it is hard work for the rest of us.

Start-ups 90

Start-ups Marketability Market Capitalization Technology 90

Reynolds Holding

APRIL 4, 2023

In late 2022, the cryptocurrency exchange FTX collapsed. A recent case involving a lawsuit against a company selling cryptocurrency tokens seems unlikely to burnish that image. a cryptocurrency company was sued by one of its investors in federal court in California. In Rostami v. Hypernet Inc. , Hypernet Inc. Hypernet”).

59

59

Reynolds Holding

NOVEMBER 29, 2022

FTX [1] is a Bahamas-based cryptocurrency exchange founded in 2019 that, at its peak in 2021, had over 1 million users, making it the world’s third largest crypto exchange by volume. Since November 11, 2022, though, FTX has been in bankruptcy, having borrowed extensively and used the assets of its clients in a likely and spectacular fraud.

Marketability 137

Marketability Banking Start-ups Finance 137

Reynolds Holding

NOVEMBER 28, 2022

In advancing this view, Congress and the regulators appear to be following a path laid out by crypto companies seeking legitimacy through inclusion (on their own terms), in regulated finance. What will the Fed or FSOC do if crypto trading firms collapse, and the crypto trading market blows itself up in a repeat of the FTX experience?

Finance 145

Finance Banking Marketability Treasury 145

Reynolds Holding

APRIL 30, 2023

FTX, the failed crypto exchange, has filed in Delaware. In the insolvency of a traditional broker-dealer, chapter 11 applies to the holding company and the unregulated subsidiaries, while the regulated subsidiary is resolved in a SIPA proceeding, under the control of a trustee appointed by SIPC. This post comes to us from Stephen J.

Banking 59

Banking 59

Reynolds Holding

NOVEMBER 29, 2023

The Division maintained its focus on individual accountability for company officers and directors, as well as for gatekeepers, such as auditors and lawyers. 7] The Commission’s case against SBF, filed in December 2022, alleged that SBF defrauded equity investors and the users of the now bankrupt FTX crypto asset trading platform.

Banking 49

Banking Compliance Marketability Start-ups 49

Reynolds Holding

DECEMBER 17, 2023

An issuer need not be a formal company issuing stock; it also includes a person or entity that organizes or sponsors the organization that is investing funds in an enterprise for profit. An important part of the Commission’s responsibility is determining how best to deploy the resources that Congress entrusts to us. 29, 2022), Dkt.

Marketability 45

Marketability Compliance Technology Finance 45

Reynolds Holding

FEBRUARY 1, 2023

2] Companies that contemplate going public are now waiting much longer to do so. [3] 4] Companies no longer need to go public to raise enormous amounts of capital. 1] Over the past decades, private securities offerings have grown at a significantly faster rate than public offerings. [2] 3] Others are choosing not to go public at all.

Marketability 58

Marketability Corporate Finance Compliance Equity 58

Reynolds Holding

DECEMBER 17, 2023

Well-known examples include the collapses of WeWork, Theranos, and FTX. These companies not only had a toxic work culture or failed to comply with laws and regulations, but more importantly, their business models were either fraudulent or could not realistically support the firms’ valuations.

Intangible Assets 59

Intangible Assets Compliance Technology Marketability 59

Reynolds Holding

JUNE 13, 2023

Mapping the Framework to Regulatory Structure The classification challenges surrounding crypto are made more difficult by America’s “ highly fragmented ” system of financial regulation , and further exacerbated by intense industry lobbying – much of it led by FTX – as well as market practices often at odds with legal guidance.

Marketability 64

Marketability Equity Banking Technology 64

Reynolds Holding

MARCH 27, 2023

In just three years, crypto conglomerate FTX Group went from start-up to a $40 billion global phenomenon to a company in “free-fall” Chapter 11. The debacle has been most brutal for millions of FTX customers, who are living through the Web 3.0-iteration FTX: Are You In ? money” for the greater good.

Start-ups 121

Start-ups Banking Marketability 121

Reynolds Holding

APRIL 20, 2022

This solution has also been advocated by some digital asset firms and CEOs , including Sam Bankman Fried of FTX, because the CFTC has historically acted favorably towards digital assets – going back to the 2017 self-certification of bitcoin futures and the embrace of former CFTC Chair Giancarlo as “Crypto Dad.”

Marketability 83

Marketability Banking Finance Start-ups 83

Benzinga

APRIL 13, 2023

Benzinga FTX's Native Token Skyrockets 96% As Reports Swirl Of A Possible Relaunch Troubled cryptocurrency exchange FTX's native token FTT (FTT/USD) is up 96% in the last 24 hours, as news emerged that the exchange might be considering restarting in the future. The company named Katherine Chiles as its chief financial officer.

Technology 52

Technology Marketability 52

Reynolds Holding

FEBRUARY 1, 2023

A wide number of companies also announced separations, divestitures, carve-outs and spin-offs across industries over the course of the year, with over thirty $1 billion-plus divestitures and nearly forty spin-offs announced. billion acquisition by a consortium led by Permira and Hellman & Friedman and Thoma Bravo’s $10.7

Finance 45

Finance Equity Technology Banking 45

Reynolds Holding

DECEMBER 5, 2022

The volatility and general decline in equity values has created vulnerabilities for many companies, as well as opportunities for activists, and this dynamic will continue to play out in the coming year. See our memo, Cybersecurity Oversight and Defense – A Board and Management Imperative. Engine No.

Technology 66

Technology Banking Compliance Finance 66