Reynolds Holding

APRIL 23, 2023

A year later, the Fletcher-Rayburn bill, better known today as the Securities Exchange Act of 1934, became law. That statute covers intermediaries, such as exchanges and broker-dealers, as well as requires ongoing disclosures by companies trading on the stock exchanges. Treasuries are embedded in money market funds.

Treasury 45

Treasury Marketability Finance Technology 45

Reynolds Holding

SEPTEMBER 9, 2022

The Securities Act of 1933 was about companies raising money from the public. The following year, they passed the Securities Exchange Act of 1934. That statute covered intermediaries, such as the exchanges themselves and the broker-dealers. FDR called this law the “Truth in Securities Act.”.

Marketability 49

Marketability Compliance Start-ups Banking 49

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. Registration of Digital Asset Exchanges.

Banking 45

Banking Treasury Finance Marketability 45

Reynolds Holding

DECEMBER 17, 2023

Howey Co. , [2] an investment contract exists when there is the investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others. 5] See Report of Investigation Pursuant to Section 21(a) of the Securities Exchange Act of 1934: The DAO , Release No. Terraform Labs Pte.

Marketability 45

Marketability Compliance Technology Finance 45

Reynolds Holding

NOVEMBER 16, 2023

The realities of fragmentation are evident in the increasing competition between the major federal regulators claiming jurisdiction over digital asset markets: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). SEC actions appear to trigger a more negative market reaction than doCFTC actions.

Marketability 59

Marketability Market Capitalization Finance Technology 59

Reynolds Holding

APRIL 26, 2022

In return, a token provides holders with various benefits, such as “utility” value through access to the venture’s current or future product (or service), potential participation in future profit distributions, and the ability to trade the token on crypto-exchanges (e.g., Binance and Coinbase). banks, audit firms, etc.)

Marketability 59

Marketability Specific Risk Finance Banking 59

Reynolds Holding

JUNE 23, 2022

Chair Gensler’s Regulatory Flexibility Agenda [1] for the Securities and Exchange Commission sets forth flawed goals and a flawed method for achieving them. 1] Securities and Exchange Commission (SEC), Agency Rule List (Spring 2022), Agency Rule List – Spring 2022 (reginfo.gov) [hereinafter Agenda]. [2] ENDNOTES. [1] 12] See id.

Treasury 45

Treasury Marketability Compliance Finance 45

Reynolds Holding

JULY 28, 2022

The SEC’s allegation that Ishan, Nikhil and Ramani violated Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934 requires that the tokens traded were securities. DDX, a token that provides governance rights, discounts and staking opportunities on the DerivaDEX derivates exchange. emphasis added).

Marketability 45

Marketability 45

Reynolds Holding

NOVEMBER 14, 2023

The Securities and Exchange Commission announced that it filed 784 total enforcement actions in fiscal year 2023, a 3 percent increase over fiscal year 2022, including 501 original, or “stand-alone,” enforcement actions, an 8 percent increase over the prior fiscal year. Securities and Exchange Commission.

Marketability 45

Marketability Finance Private Equity Firm Compliance 45

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. The Pseudo “Crypto Exchanges”. There is a legal definition of an exchange in the context of financial assets. Key message.

Marketability 137

Marketability Banking Start-ups Finance 137

ThomsonReuters

APRIL 14, 2022

Many cryptocurrencies are decentralized networks based on blockchain technology. According to Investopedia, advantages of cryptocurrencies include cheaper and faster money transfers and decentralized systems that do not collapse at a single point of failure. .” But, using a cryptocurrency exchange, anyone paid in U.S.

Fair Market Value 119

Fair Market Value Banking Start-ups Marketability 119

Reynolds Holding

JULY 17, 2023

Last Thursday’s split summary-judgment decision in the case that the Securities and Exchange Commission (SEC) brought against Ripple Labs, Inc. 2] The token can be transferred through entries recorded on an open source, decentralized, digital ledger. Ripple) and certain of its senior leaders is bonkers.

Marketability 52

Marketability Compliance Finance Equity 52

Reynolds Holding

APRIL 20, 2022

The practical effect of this structure is that cryptocurrency exchanges in the U.S. are not regulated at the federal level (they are required to register with the Financial Crimes Enforcement Network (FinCEN) and obtain state money transmitter licenses).

Marketability 83

Marketability Banking Finance Start-ups 83

Reynolds Holding

MAY 11, 2022

Congress provided this authority, under Exchange Act section 10B, in response to the lessons of the 2008 financial crisis. [9] First, in December, the Commission re-proposed new Exchange Act rule 9j-1 to prevent fraud, manipulation, and deception in connection with security-based swap transactions. Market Integrity. 159-192). [5]

Marketability 45

Marketability Banking Compliance Treasury 45

Reynolds Holding

APRIL 3, 2024

As is customary, my remarks this morning are in my official capacity as Director of the Securities and Exchange Commission’s Division of Enforcement, and do not necessarily reflect the views of the Commission, the Commissioners, or other members of the staff. Securities and Exchange Commission, at SEC Speaks 2024, in Washington, D.C.

Start-ups 45

Start-ups Marketability Compliance 45

Reynolds Holding

JULY 26, 2022

Securities and Exchange Commission (“SEC” or the “Commission”). They work tirelessly day in and day out to hold those who violate our securities laws accountable, return money to harmed investors, and protect the fairness and competitiveness of our capital markets. Securities and Exchange Commission, before the U.S. 16] See id.

Compliance 45

Compliance Marketability Technology Banking 45

Reynolds Holding

MARCH 31, 2022

On March 9, 2022, President Biden signed an executive order (“the Order”) requiring federal agencies to submit reports on how cryptocurrencies relate to various issues, including money laundering, investor protection, international cooperation, central bank digital currencies (“CBDC”), and systemic risk. First, consider money laundering.

Banking 92

Banking Marketability Technology Finance 92

Reynolds Holding

MAY 29, 2023

4] The irony is that, in the aftermath of the 2008 Global Financial Crisis (‘GFC’), cryptocurrencies and decentralized finance were presented as alternatives to traditional finance that could avoid these kinds of adverse financial events. One form of such an arrangement can be referred to as a decentralized autonomous organisation (“DAO”).

Finance 64

Finance Banking Marketability Technology 64

Reynolds Holding

OCTOBER 24, 2022

I’m not actually referring to the Securities and Exchange Commission at all. Though it may seem less obvious than at the Southeastern Conference, competition is central to the Securities and Exchange Commission’s remit, too. It helps capital markets more effectively price and allocate money and risk. It helps the U.S.

Treasury 56

Treasury Marketability Equity Finance 56