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The SEC Crackdown On Crypto-securities: SEC V. Ripple - Corporate/Commercial Law


Howey
3 test, which held that an
investment contract exists when there is the investment
of money in a common enterprise with a reasonable expectation of
profits to be derived from the efforts of others.
Details of the U.S. complaint
The SEC Complaint alleges that from 2013 to the present, Ripple
raised over $1.38 billion through the unlawful offer and sales of
securities in violation of Sections 5(a) and 5(c) of the Securities
Act of 1933. The individual defendants include Christian Larson,
co-founder and former CEO, and Bradley Garlinghouse, the current
CEO of Ripple.
4
It is alleged that the sales of XRP coins were made to fund ....

United States , Bradley Garlinghouse , David Schwartz , Christian Larson , Ontario Securities Commission , Coinlaunch Corp , Ripple Labs Inc , Pacific Coast Coin Exchange , Exchange Commission , Us Supreme Court , Delaware Chancery Court , Ripple Labs , Canadian Supreme , Cryptocurrency Offerings , Coinlaunch Settlement , North America , Operation Cryptosweep , Securities Act Sections , Coast Coin Exchange , ஒன்றுபட்டது மாநிலங்களில் , பிராட்லி கார்லிங்ஹவுஸ் , டேவிட் ஸ்க்வார்ட்ஸ் , கிறிஸ்துவர் லார்சன் , ஆஂடேரியொ பத்திரங்கள் தரகு , சிற்றலை ஆய்வகங்கள் இன்க் , பெஸிஃபிக் கடற்கரை நாணயம் பரிமாற்றம் ,

This Week In Securities Litigation (Week of December 14, 2020)


This Week In Securities Litigation (Week of December 14, 2020)
The exit continues at the Commission. This week Director of Enforcement Stephanie Avakian announced her departure from the agency at the end of the year. She has been preceded by the Director of Corporation Finance and the General Counsel. The Chairman previously announced his departure at year end.
Last week Enforcement filed a series of cases. Two were based on false statements tied to financial issues, one against GE and another involving CheeseCake Factory. The agency also brought two offering fraud actions, a case involving digital assets and another tied to share class selection conflicts. ....

United States , Hong Kong , Stephanie Avakian , Bruno Block , J Jeremy Barbera , Amir Bruno Elmaani , Biosciences Corp , Exchange Act Section , Matter Of Bancwest Investment Services Inc , Cheesecake Factory , Bluecrest Capital International , Cheesecake Factory Incorporated , Futures Commission , Matter Of Bluecrest Capital Management Ltd , Fairmount Santrol Holdings Inc , Nanobeak Biotech Inc , Bison Merger Sub , Ge Capital , Matter Of Ice Data Pricing Reference , Division Of Investment Management , Exchange Act Sections , Matter Of Covia Holdings Corp , Oyster Protocol Inc , Enforcement Stephanie Avakian , Corporation Finance , Investment Management ,