Digital Assets – Where Are We Now?

Last week, JP Morgan announced the launch of “JPM Coin.”  We thought it would be good to recap our posts over the past year on the topic of cryptocurrencies and coin offerings and update you on the current state of this market.   As 2018 began, the market capitalization for cryptocurrencies and other digital assets had reportedly exceeded… READ MORE

The Custody Dilemma for Digital Assets

There are many questions that must be answered to understand the risks for broker-dealers and investment advisors who are considering a business mix that includes digital assets. Examples that hit at the core of how firms operate are custody for investment advisors and a similar topic of possession and control for broker-dealers. Unfortunately, for those… READ MORE

Cryptocurrencies Could Change Product Purchasing, Trading and Tracking

Cryptocurrency and the distributed ledger technology behind many of these “coins” or “tokens” have the potential to completely change the way securities are created, distributed, and traded. They also hold the potential to change how purchases are made and assets are tracked. As with any significant leap that our industry takes, opportunities must be balanced… READ MORE

Share Class Selection – Time is Short to Review Fees and Disclosures

On April 12, the SEC announced its Share Class Selection Disclosure Initiative (SCSD Initiative). Under the SCSD Initiative, “the Enforcement Division will recommend standardized, favorable settlement terms to investment advisers that self-report that they failed to disclose conflicts of interest associated with the receipt of 12b-1 fees by the adviser, its affiliates, or its supervised… READ MORE