United States:
The Legit Ledger Episode 13: NFT Insider Trading ̶ Recent Enforcement, Rulings And Why You Need An Insider Trading Policy
21 November 2022
Sheppard Mullin Richter & Hampton
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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?
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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