Harvard Corporate Governance

DECEMBER 2, 2022

The Rise of Rule 10b5-1 Enforcement and How Companies Can Mitigate Risk of DOJ and SEC Actions. Tags: Board of Directors , Corporate governance , Cryptocurrency , Cybersecurity , ESG , Risk management. Linking Executive Compensation to ESG Performance. Posted by Merel Spierings, The Conference Board, Inc., Imperatore, Brian K.

Equity 189

Equity 189

Complysci

FEBRUARY 11, 2022

And to help you prepare, we’ve gathered our top predictions for how we believe the next year will shape up. Cryptocurrency. While cryptocurrency may be one of the biggest talking points, the decentralized financial ecosystem at large represents a much broader challenge for compliance. Shadow Trading. ” 4. .”

Start-ups 52

Start-ups Compliance Technology 52

Reynolds Holding

AUGUST 13, 2023

District Judge Jed Rakoff in New York decided a case with significant implications for how and even whether the Securities and Exchange Commission can regulate cryptocurrencies as a security. His decision in SEC v. Terraform Labs. rejected the approach in a separate case, Securities and Exchange Commission v.

Marketability 97

Marketability Technology 97

Audit Board

JANUARY 25, 2023

The stunning collapse of cryptocurrency exchange FTX is shaping up to rival the most iconic corporate scandals in history. When news broke of its bankruptcy filing and the missing billions of dollars, it wasn’t hard to spot the troubling similarities with the WorldCom, Enron, and Madoff scandals. Why does this keep happening?

98

98

Reynolds Holding

NOVEMBER 28, 2022

Treasury, SEC, CFTC, and CFPB appear set on regulating the crypto trading system (traded coins and associated marketplaces, exchanges, brokerages, lending, staking, derivatives, intermediaries, and enablers) as part of the traditional financial services system. So why isn’t the crypto trading market finance?

Finance 145

Finance Banking Marketability Treasury 145

Benzinga

APRIL 19, 2022

See Also: 'If Elon Musk Wants To Buy Twitter, He Will': So Here's How To Trade It. He deserves credit for expanding the electric vehicle sector from a fringe element of the automotive industry into a key focus that has reshaped how car manufacturers are aiming to the future.

Marketability 105

Marketability 105

Reynolds Holding

JULY 19, 2022

On July 1, 2022, Three Arrows Capital (“ 3AC ”), a major cryptocurrency hedge fund, petitioned a New York bankruptcy court for recognition of its current liquidation proceedings in the British Virgin Islands under Chapter 15 of the Bankruptcy Code to prevent creditors from seizing its U.S. 6] Voyager disclosed that it held about $1.3

Banking 49

Banking Marketability Finance 49

Brian DeChesare

OCTOBER 4, 2023

Everyone was locked up inside, and many turned to day trading for entertainment and money (in between binge-watching shows on streaming services). Everyone was locked up inside, and many turned to day trading for entertainment and money (in between binge-watching shows on streaming services). I wrote many articles about it.

Finance 90

Finance Start-ups Banking Marketability 90

Reynolds Holding

APRIL 4, 2022

First are the crypto trading and lending platforms, whether they call themselves centralized or decentralized (DeFi). These platforms have scale, recently trading crypto worth more than $100 billion a day. [2]. The crypto market is highly concentrated, with the bulk of trading taking place on only a handful of platforms.

Marketability 65

Marketability Banking Start-ups Compliance 65

Reynolds Holding

FEBRUARY 19, 2023

In its complaint, the SEC charged the same defendants with insider trading but, unlike the criminal charges, claimed the conduct violated the federal securities laws because, according to the SEC, nine of the 25 tokens traded constituted investment contracts and therefore were securities.

Marketability 45

Marketability 45

ThomsonReuters

NOVEMBER 8, 2022

But how do you take full advantage of technology to streamline accounting processes? . While there are many options out there to help you connect the dots and streamline your accounting processes, let’s take a step-by-step look at where to start and how to maximize your firm’s potential with technology. . How do they work together?

Start-ups 105

Start-ups Technology Accounting Firms Compliance 105

Reynolds Holding

OCTOBER 23, 2022

Once this critical gating question is answered, one of the next significant issues is: how are the claims of customers whose crypto assets are determined to be property of the estate valued and measured under applicable bankruptcy law. 5] Thus, the general rule is that all claims are valued in U.S.

Equity 58

Equity Fair Market Value Marketability 58

ABI

JANUARY 23, 2024

3] The firm was incorporated in the British Virgin Islands (“BVI”) and focused on trading cryptocurrency and other digital assets. [4] 4] Due to the “extreme fluctuations in cryptocurrency markets,” however, the Debtor’s business collapsed. [5] 8] However, the court allowed for service of a subpoena on Davies—a U.S.

Compliance 40

Compliance Marketability 40

Benzinga

OCTOBER 18, 2022

The business combination is expected to close upon satisfaction of all closing conditions, at which time LMAO will be renamed "SeaStar Medical Holding Corporation" and the company's common stock and warrants are expected to begin trading on Nasdaq under the new ticker symbols "ICU" and "ICUCW," respectively.

Technology 40

Technology Finance 40

Reynolds Holding

SEPTEMBER 2, 2022

Tornado Cash was blacklisted by the Treasury Department for allegedly helping to launder over $7 billion in cryptocurrencies, some of which are believed to be the proceeds of cybercrimes, and Americans can no longer legally use Tornado Cash as a result. authorities are far from being alone in usubg blacklisting as a regulatory tool.

Compliance 81

Compliance Treasury Technology Marketability 81

Reynolds Holding

JUNE 22, 2022

Undoubtedly, the greatest area of uncertainty has involved the Securities Exchange Commission (SEC) and its application of the so-called Howey test when determining whether a cryptocurrency or other digital asset is being offered as an investment contract for purposes of applying U.S. securities law. Registration of Digital Asset Exchanges.

Banking 45

Banking Treasury Finance Marketability 45

Brian DeChesare

NOVEMBER 16, 2022

Mainstream news sources have already covered the story extensively, so I want to take a different angle and comment on how “the smart money” fell for this scam and what it could mean for careers in finance. A normal exchange accepts customer funds, earns commissions on trades, and keeps all customer funds available 1:1 to meet withdrawals.

Start-ups 52

Start-ups Banking Finance Technology 52

Reynolds Holding

DECEMBER 6, 2022

Since then, the company, its many affiliates, and its 30-year-old owner and founder, Sam Bankman-Fried, have been investigated by lawmakers and regulators across many jurisdictions, including the Commodity Futures Trading Commission , the Securities and Exchange Commission , and the U.S. Attorney for the Southern District of New York.

Banking 105

Banking Marketability 105

Reynolds Holding

AUGUST 14, 2022

Each bill would bring much needed clarity to the regulatory landscape in part by strengthening the role of the Commodity Futures Trading Commission instead of fully empowering the Securities and Exchange Commission to regulate the digital asset industry. So-called “secondary market” securities trading just doesn’t happen this way.

Start-ups 49

Start-ups Marketability Business Enterprise 49

Lighter Capital

AUGUST 3, 2022

In their quest to secure financing, burgeoning businesses are running a gauntlet of challenges — from global supply-chain bottlenecks to cryptocurrency cratering to careening inflation numbers. High-growth tech companies, especially publicly traded entities, are down drastically, dimming the luster of IPOs. Valuations. Interest rates.

Finance 52

Finance Equity Marketability Business Valuation 52

Reynolds Holding

SEPTEMBER 9, 2022

The basic idea was that the public deserves disclosure and protections not only when a security is initially issued, but also on an ongoing basis when the security is traded in the secondary markets. The Securities Act of 1933 was about companies raising money from the public. FDR called this law the “Truth in Securities Act.”. Crypto Tokens.

Marketability 49

Marketability Compliance Start-ups Banking 49

Reynolds Holding

MAY 18, 2022

It is good to be here alongside Federal Trade Commission Chair Khan. Good morning, Chairman Quigley, Ranking Member Womack, and members of the Subcommittee. I’m honored to appear before you for the second time as Chair of the Securities and Exchange Commission. The Gold Standard of Capital Markets.

Marketability 59

Marketability Finance Corporate Finance Technology 59

Reynolds Holding

MAY 10, 2023

The stocks of many de-SPACed businesses — companies formed by the merger of a SPAC with an operating business — are trading well below the SPACs’ original IPO price, and a number have filed for bankruptcy. Bankruptcy, though, is not necessarily the end of the road for a struggling de-SPACed company.

Going Concern Value 49

Going Concern Value Finance Equity Technology 49

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. Cryptocurrency is neither a currency, nor an object. Different crypto assets represent different things. Is it a financial asset?

Marketability 137

Marketability Banking Start-ups Finance 137

Reynolds Holding

APRIL 3, 2024

Whether that’s explaining how we’re thinking about penalties, disgorgement and remedies; highlighting enforcement initiatives; discussing legal developments; or outlining the many ways in which we are encouraging and rewarding cooperation; this type of dialogue benefits all of us.

Start-ups 45

Start-ups Marketability Compliance 45

Deal Law Wire

APRIL 1, 2021

Additionally, M&A activity involving cryptocurrency companies has picked up significantly in the past few years. In 2018, prior to the impact of the global pandemic, there were 189 M&A deals involving cryptocurrency companies within the 25 most active cryptocurrency jurisdictions, worth approximately US$1.9

Marketability 40

Marketability Technology 40

Harvard Corporate Governance

AUGUST 5, 2022

How Continuous Voting with UPC Will Change Proxy Contests. Tags: Blockchain , Cryptocurrency , Financial regulation , Financial technology , Howey test , SEC , SEC rulemaking , Securities regulation. Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Saturday, July 30, 2022. Posted by Gail Weinstein, Steven J.

Capital Structure 210

Capital Structure Dividends Corporate Finance Technology 210

Reynolds Holding

FEBRUARY 23, 2023

Thank you, Brian, for the kind introduction. It’s great to be here with all of you. Today, I will share a snapshot of our 2022 enforcement results as well as our policy approach to white-collar and corporate crime. I have the pleasure of serving as a Deputy Assistant Attorney General, or DAAG, in the Department of Justice’s Criminal Division.

Compliance 45

Compliance Marketability Start-ups Banking 45

Reynolds Holding

NOVEMBER 9, 2023

Good morning and thank you, Jim [Burns], for that introduction. I am pleased to be part of the 2023 conference on SEC Regulation Outside the United States to deliver the Fifth Annual Scott Friestad Memorial Lecture. I had the privilege of working with Scott Friestad at the Securities and Exchange Commission for nearly a dozen years.

Marketability 53

Marketability Compliance Equity Technology 53

ThomsonReuters

OCTOBER 7, 2022

So, how will the $80 billion infusion into the IRS be spent? To better understand how the Inflation Reduction Act funds will be used and the ways in which they may affect clients, let’s take a deeper look at each of these four priority areas. billion in funding to the Internal Revenue Service. enforcement ($45,637,400,000); 3.

Treasury 90

Treasury Start-ups Technology 90

Reynolds Holding

NOVEMBER 27, 2022

1] LBRY responded with a tweet describing the ruling as “extraordinarily dangerous precedent that makes every cryptocurrency in the U.S. The real question is whether the ruling really means every cryptocurrency is a security. In a blog post on LBRY’s website in response to a question “How does the company behind LBRY make money?,”

Marketability 49

Marketability Technology 49

Reynolds Holding

JULY 17, 2023

Like many other cryptocurrencies, this one is not redeemable for specific services such as filesharing, communication, etc., Like many other cryptocurrencies, this one is not redeemable for specific services such as filesharing, communication, etc., These were the violations at issue in the case.

Marketability 52

Marketability Compliance Finance Equity 52

Reynolds Holding

APRIL 12, 2022

Cryptocurrencies and other digital assets (“crypto”) are surging in popularity. How effective disclosure is, and whether its benefit outweighs its cost, depend on how much and what type of disclosure is required. My article’s suggestions keep these two questions – how much and what type of disclosure – front and center.

Start-ups 83

Start-ups 83

Reynolds Holding

OCTOBER 5, 2022

Cryptocurrency-related actions are also on pace to increase in 2022, driven in part by the continued increase in actions against crypto exchanges and allegations related to securitization in the first half of the year. The number of securities lawsuits filed since January has remained steady compared to the first half of 2021. Cochran , No.

Start-ups 72

Start-ups Marketability Equity Compliance 72

Reynolds Holding

JULY 26, 2022

Thank you for inviting me to testify today on behalf of the Division of Enforcement (“Enforcement” or the “Division”) of the U.S. Securities and Exchange Commission (“SEC” or the “Commission”). Central to that mission is the work of the SEC’s Division of Enforcement.

Compliance 45

Compliance Marketability Technology Banking 45

Reynolds Holding

DECEMBER 5, 2022

In this regard, directors should seek to understand the corporation’s risk profile, and its management of short-, medium- and long-term risks, as well as how risk is taken into account in the corporation’s business decision-making and strategic planning.

Technology 66

Technology Banking Compliance Finance 66

Reynolds Holding

APRIL 9, 2024

Consider cryptocurrencies, a commonly known FinTech innovation referring to currencies whose ownership and transfer are electronically recorded by blockchain cryptography. Even one of the most conservative types of cryptocurrencies, stablecoins, might impair financial stability.

Finance 59

Finance Treasury Banking Marketability 59