Month: January 2022

Warren Law Group

SEC: Remediation Helps Avoid Penalties

By Christopher D. Warren / January 31, 2022
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The Securities and Exchange Commission (SEC) recently settled fraud charges with HeadSpin, Inc., a privately-owned tech company. HeadSpin, Inc. made significant remedial efforts in the midst of an internal investigation as a result of misconduct by its now-former CEO. Manish Lachwani, HeadSpin’s former CEO engaged in fraudulent activity to increase the company’s value to over $1…

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Warren Law Group

Four Key Strategies for a Successful Capital Raise

By Todd P. Kulkin / January 27, 2022
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The Start-Up Perspective Corporate Team of Warren Law Group Managing a capital raise is like walking a tightrope – balance is the key to success. A growing business must strike a balance between its interests and its investors’ demands. The downside risk and the lure of a rewarding upside, all while ensuring the venture has…

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Warren Law Group

From Cubism to Crypto

By Christopher D. Warren / January 26, 2022
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The family of renowned artist, Pablo Picasso is honoring his legacy by launching a non-fungible token dedicated to his art. The Picasso’s are selling 1,010 digital art pieces of one of his ceramic works that have never before been seen publicly.  Christopher Warren, Managing Partner at Warren Law Group, states, “Cryptopreneurs and DAO-focused ventures should be…

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Warren Law Group

SEC To Improve Cybersecurity Regulations

By Christopher D. Warren / January 25, 2022
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Gary Gensler, SEC Chairman has outlined several ways SEC staff will improve its cybersecurity compliance regulations:   The SEC may extend Reg SCI, more commonly known as Regulation Systems Compliance and Integrity to firms the rule does not currently apply to. Financial professionals that may be affected by this extension include broker-dealers and market makers.  Public…

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Warren Law Group

U.S. Central Bank Digital Currency: Pros and Cons Analysis

By Christopher D. Warren / January 24, 2022
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The Federal Reserve has recently released a report analyzing the pros and cons of a potential U.S. Central Bank Digital Currency. The report states that a safe and regulated centralized digital currency could provide liquidity to households and businesses. Further, a centralized currency would give entrepreneurs a platform on which to create new financial products…

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Warren Law Group

ConstitutionDAO Tokens Worth Over $300 Million After Disbanding

By Christopher D. Warren / January 21, 2022
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As of January 19, 2022 tokens of the now defunct ConstitutionDAO are worth over $300 million.  Last year, the ConstitutionDAO raised over $47 million for the purpose of purchasing an original copy of the U.S. Constitution at a Sotheby’s auction. In return for their contribution, the DAO issued PEOPLE tokens, which were going to represent…

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Warren Law Group

SEC Cryptocurrency Enforcement Report: Analysis

By Christopher D. Warren / January 20, 2022
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A new report analyzing the SEC’s Cryptocurrency enforcement activities illustrates the regulator’s focus on Initial Coin Offerings (ICO). Notably, 70% (14/20) of SEC actions alleging unregistered securities offerings in 2021 stemmed from an ICO with 64% (9/14) alleging securities fraud against the public. “It has become increasingly common to structure an ICO, as well as pre-sale round(s), as…

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Warren Law Group

WHITE COLLAR CORNER

By David Rosenfield / January 19, 2022
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To Cooperate Or Not To Cooperate – That Is The Question David Rosenfield and Christopher Warren You are under investigation for a white collar crime. Government agents or prosecutors approach you; they want you to cooperate. The agents want to speak with you and ask you to provide information about criminal activities you may have…

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