SEC determines that, for the purposes of federal securities laws, virtual "tokens" bought with cryptocurrency are securities and that the "Decentralized Autonomous Organization" which offers these "tokens" are issuers.
On August 3, 2017, Partner Jack Hewitt will co-host a webinar on new technologies being used in the financial markets and the applicable regulatory considerations.
In his article, Special Counsel Dan M. Smolnik, discusses an alternative to equity funding -- Initial Coin Offerings -- and how U.S. Law will likely bring ICOs within the securities regulations
On June 15, 2017, the Gamma Phi Chapter of Delta Kappa Epsilon was awarded $368,000 in damages in a suit against Wesleyan University, its President Michael S. Roth, and its Vice President for Student Affairs, Michael J. Whaley. The lawsuit was filed as a result of the University denying DKE Program Housing status for the 2015-2016 academic year and included the assertion that Wesleyan University had violated the Connecticut Unfair Trade Practices Act.