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Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
On November 8, 2017, US Securities and Exchange Chairman Jay Clayton raised concerns about virtual currency offerings or so-called initial coin offerings.
On November 8, 2017, US Securities and Exchange Chairman Jay
Clayton raised concerns about virtual currency offerings or
so-called initial coin offerings. He noted that initial coin
offerings bear many similarities to securities offerings by firms
that are required to register with the SEC. However, he expressed
concern that in many instances there is a significant lack of
information about online platforms that list and trade the virtual
coins and tokens that are offered in such initial coin offerings.
Clayton highlighted the potential for misconduct, including price
manipulation and trading practices. An SEC investigation into two
initial coin offerings, announced in September, is ongoing. Earlier
this year, the SEC's Office of Investor Education and Advocacy
issued an investor alert warning about the
risks associated with initial coin offerings.
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