Blog Post Statement on Potentially Unlawful Online Platforms for Trading Digital Assets
Statement on Potentially Unlawful Online Platforms for Trading Digital Assets
The SEC recently released a statement on potentially unlawful online platforms for trading digital assets. Hedge fund managers and private equity firms that trade in cryptocurrencies or Initial Coin Offerings (ICOs) should pay attention to this statement when evaluating their trading strategy in the coming year. The experts at Richey May have reviewed the statement and highlighted those considerations of particular importance to Registered Investment Advisors managing pooled investment vehicles and separately managed accounts to prevent against fraudulent and manipulative trading practices. To read Richey May’s summary, download the PDF:
As the published priorities are not exhaustive and may change as the year progresses, our Alternative Investment industry experts at Richey May will continue to monitor the SEC for updates. Should you have any questions, please contact Stephen Vlasak.
To read the SEC’s statement in its entirety, please visit: