If 2017 was the year of the ICO, then 2018 may become the year of the cryptocurrency investigation
Financial services and regulatory law firm Murphy & McGonigle announced today that Michelle N. Bradford, an Assistant United States Attorney in the District of Columbia’s Criminal Division, has joined the firm as a shareholder. Ms. Bradford will reside in the Washington, D.C. office and be part of the White Collar Defense, Investigations & Compliance Counseling and the Securities & Complex Commercial Litigation practices.
In the year following the Equifax breach, cybersecurity has moved even further toward the forefront of executives’ and consumers’ minds, and with it has come a slew of regulation for companies and their legal departments to consider.
Concerned that virtual currencies and related products “may be attracting customers that do not fully understand their nature, the substantial risk of loss that could arise from trading them and the limitations of NFA’s oversight role,” the National Futures Association (“NFA”) is implementing new disclosure requirements for NFA Members engaging in virtual currency activities with customers.
Murphy & McGonigle’s leading FinTech & Blockchain Practice is pleased to publish the second edition of “Who’s On the Block,” a roundup of blockchain conferences, trends and upcoming events.
U.S. Securities and Exchange Commission Chairman Jay Clayton recently reminded us that corporate culture and the “tone from the top” remain important to regulators, even in this enforcement-lite environment. Speaking about financial firm culture before the New York Fed, Clayton predicted pain for firms whose cultural compass diverges from the commission’s.