Neil Hartner Eleanor Terrett U.S. Securities and Exchange Commission Binance Ripple Neil, my take, respectfully, is that the burden of proof is always on the SEC to prove that a product is a security. That is nothing new. Moreover, from what I can tell, Judge Jackson merely requires that the SEC demonstrate that the persons who bought the Binance product were

If you want to understand the actual impact upon the digital asset industry of last week’s: 1) Binance/SEC District Court decision; and 2) Jarksey (right to jury trial in SEC actions) and Loper (over-turning of Chevron Deference) Supreme Court decisions, then listen to the Space

True dat.

IMHO, Any Of The 15,000 Morgan Stanley Investment Advisors Who Are Also Certified Financial Planners (CFPs) May Lose Their CFP Credential (Quickly) Morgan Stanley is today apparently unleashing its legion of approximately 15,000 financial advisors to pitch shares in BlackRock's

“In other words, bitcoin’s not good for much of anything except giving people who have money to burn a novel way to set it on fire.” washingtonpost.com/opinions/2024/…

Morgan Stanley’s Death Wish I worked in the SEC Enforcement Division for almost 20 years, the last 11 as Chief of the SEC’s Office of Internet Enforcement, and I have taught advanced securities regulation courses at both Georgetown and Duke Law Schools for 20 years — and my

Max Schatzow With all due respect my friend, I cannot agree with a single word of what you just wrote. And if you are counseling your IA clients to recommend digital assets, IMHO, you are placing your clients in serious peril. During my almost 20 years in the SEC Division of Enforcement, I

Max Schatzow What an odd response. I’m too old and dated to know what I am doing and no longer ‘inhabit the world.” To each his own I guess, but I love it! I have been looking for an opportunity to wake up — been on a bit of a respite as of late. I would be remiss if I did not retort

Can’t stop the innovation - sounds like a wonderful hedge against retirement.

IMHO: Why Morgan Stanley’s Latest Bitcoin Blunder Will Trigger a Mammoth and Devastating Regulatory Colonoscopy For The Firm (And For The Firm’s 15,000 Legion of Brokers) open.spotify.com/episode/2WF6Cu…

A Bloomberg Interview: Stick a Fork in your NFTs, They’re Done. A fractionalized link to the meta data of a JPEG is not a sound investment, sensible means of commerce or pathway for financial success. It’s like buying a virtual pet rock. youtube.com/watch?v=_VycoP…

I do not profit from my legal positions. Unlike so many crypto-players, I have no dog in the crypto-fight and no stake in any crypto firm's success or failure. As to what I do -- I seek truth. As to why I do it -- I have no freakin' idea. I have been offered mammoth paychecks to

Arbitrageur Could not disagree more my friend. Whether an investment advisor, CFP, etc. is recommending a client flush 50% of their assets down the toilet or flush 1% of their assets down the toilet, it is still a per se breach of fiduciary duty. Also, how ironic — it is axiomatic that

SEC Cracks Kraken In Yet Another Mammoth SEC Crypto-Victory In a devastating 29-page decision, a California federal judge yesterday denied a motion from crypto-trading platform Kraken to dismiss a U.S. Securities and Exchange Commission (SEC) enforcement action, finding the that

Yep. Ransomware attacks continue to be on the rise. And the ransomware attackers are rarely, if ever, identified, arrested, extradited if necessary, brought to trial, convicted and sentenced. It’s one of the few crimes in the history of the world where the odds of getting

The best advice you will ever receive if you are quitting your job. m.youtube.com/shorts/jUSI09G…

Yet Another SEC Crypto-Victory: This Time Against Galois Capital Management LLC for (Among Other Things), Breaching Their Fiduciary Obligation Owed to Customers by Putting Their Clients Into Crypto Galois, an investment adviser that lost client funds in the collapse of FTX just