The Commission passed Regulation Best Interest this week (here). The new Regulation governs the obligations of broker-dealers giving advice to retail investors, raising the existing standard. While it was built on the kind of fiduciary duty principles that govern investment…
Tag: crypto currency
The Crypto Kin – A Security or Just a Well Promoted Coin?
Crypto currencies continue to be a key focus for the Commission. Using the analysis in the DAO Section 21(a) report which builds on the Howey investment contact test, the agency continues to bring actions alleging that crypto offerings are unregistered…
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