In this episode of The Legit Ledger, Sheppard Mullin attorneys Jim Gatto and Brittany Walter join host Yasamin Parsafar to discuss the latest developments in the federal government's insider trading case against Nathanial Chastain, a former head of product at NFT marketplace OpenSea.
What We Discussed in This Episode:
- What prompted the government to pursue this case?
- What charges were brought against Nathanial Chastain?
- Why did the Court refuse to dismiss based on Chastain's argument that the case did not involve trading in securities?
- Why did the Court suggest that a couple of Chastain's other arguments for dismissal might be valid?
- Why is it essential that companies who deal with NFTs consider implementing an insider trading policies?
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