Last month accusations emerged that an executive at OpenSea, a leading Non-Fungible Tokens (NFT) sales platform, was possibly front-running sales by buying drops before they were listed on OpenSea’s main page and then selling them after they had been publicized by OpenSea. Such use of insider information, if true, would seem to be a classic violation of securities laws … [Read more...] about NFTs, Securities Fraud, and Insider Trading, Oh My!
New FINRA Reporting Requirements for Digital Assets
Every year FINRA issues a new regulatory notice regarding the reporting of activities involving digital assets and every year we see FINRA-regulated entities run afoul of those reporting requirements. Why? Because the FINRA reporting requirements are much broader than most people within the brokerage and exchange community realize and much broader than is practically necessary. … [Read more...] about New FINRA Reporting Requirements for Digital Assets
How the Complex Business Litigation Program (CBLP) Works
In 2015, the New Jersey Supreme Court established the Complex Business Litigation Program (CBLP). Much like the Commercial Division in New York courts, the CBLP is designed to resolve complex business, commercial, and construction cases in an expedited manner. Restricted to cases where the amount in controversy is at least $200,000, the CBLP uses different discovery rules than … [Read more...] about How the Complex Business Litigation Program (CBLP) Works
Upcoming Changes to Tax-Reporting Requirements for Cryptocurrency Transactions
The Biden administration has been seeking changes to tax-reporting requirements for cryptocurrency since its early days. This is part of a package of changes to tax-reporting requirements the Biden administration is seeking as a means of cracking down on supposed misreporting of business income and general tax non-compliance. A New Reporting Regime Generally, the Biden … [Read more...] about Upcoming Changes to Tax-Reporting Requirements for Cryptocurrency Transactions
Bringing Your Employees Back? Some COVID-19 Considerations
As the summer started, it looked like COVID-19 had finally been beaten. Infection rates and hospitalizations had dropped dramatically, vaccination numbers were rising and businesses across the Garden State were opening back up. The story remains largely good news. While infection rates have increased, and indeed have skyrocketed in other states, New Jersey’s infection rates … [Read more...] about Bringing Your Employees Back? Some COVID-19 Considerations