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SEC Chair Gary Gensler emphasized the need to provide investors in special purpose acquisition companies ("SPACs") with the same protections afforded to investors in traditional initial public offerings ("IPOs").
Former Vice Chair for Supervision Randal K. Quarles covered a broad range of topics in his farewell remarks.
To print this article, all you need is to be registered or login on Mondaq.com. SEC Commissioner Hester M. Peirce proposed an updated version of her proposal for a three-year safe harbor from the application of securities laws, aside from anti-fraud requirements, on the sale and trading of digital tokens. As previously covered, Ms. Peirce proposed the following conditions for a token to benefit from the exemption: the token does not represent a financial interest in an entity or any right to receive any ownership interest or the right to receive any financial return...