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Coinbase Responds to its Wells Notice

Coinbase, the cryptocurrency platform, has received a Wells Notice from the SEC regarding its lending program.  At first blush it does not appear that the program, which allows customers to lend their currency is a security,  but we have not seen the SEC’s files, so anything is possible.  Coinbase has […]

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The Importance of Cybersecurity Policies

It seems like every day we see reports of hacking of corporate computers, resulting in the disclosure of personal customer information.  Unfortunately, the brokerage industry is not immune from such attacks. Just yesterday the SEC sanctioned eight firms in three different actions for failures in their cybersecurity policies and procedures […]