The firms were all charged with very straightforward violations, such as failure to file. None of the violations was based on the substance of the reports.

Does a broker-dealer have liability to its customer if the firm delays or prevents a transaction that turns out to be profitable?

The SEC should reconsider its regulation of digital assets. (.) As in the , the SEC found that the offering here was clearly a "security" under . If the SEC takes other firms offering similar products to court, the SEC is going to win.

That said, the SEC should be more willing to engage on the application of the securities laws to digital assets. Until it does so, market participants have a limited number of strategies available to them: (i) fully comply with the securities laws,…

The expanded authority that the DOL indicates it may seek to require reporting on the manner in which plan fiduciaries vote their proxies raises a concern that the government may implicitly or explicitly pressure fiduciaries to vote their proxies in a politically preferred way. That would have an indirect effect of forcing public and private corporations to act in accordance with a politically preferred manner. The SEC has published a similar proposal that would .

While governmental…