SEC’s Action Against $600 Million ICO May Have Implications for the Company’s Partners and Service Providers | Perspectives & Events

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SEC’s Action Against $600 Million ICO May Have Implications for the Company’s Partners and Service Providers

Authors

Alex C. Lakatos
Jennifer J. Carlson
Nina L. Flax
Philip J. Niehoff
Matthew Rossi
Matthew Bisanz
Nicholas McCoy

On January 25, 2018, the US Securities and Exchange Commission (“SEC”) brought an action in federal court against AriseBank, the issuer of an initial coin offering (“ICO”), and its founders for conducting an unregistered securities offering and making false statements in connection with the offering. This Legal Update provides background and further details on the action and discusses important takeaways for other businesses.

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Related Capabilities

Practices –

White Collar Defense & Compliance
Securities Litigation & Enforcement
Banking & Finance
Capital Markets
Corporate & Securities

Key Issues –

Blockchain and Distributed Ledger Technologies

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