CFTC Files $147 Million Enforcement Action Against Bitcoin Trading and Investment Company

CFTC Files $147 Million Enforcement Action Against Bitcoin Trading and Investment Company

Earlier this week, the Commodity Futures Trading Commission (“CFTC”) filed a civil enforcement action against Control-Finance, a United Kingdom-based Bitcoin trading and investment company.  The complaint alleges that Control-Finance made numerous material misrepresentations and omissions, including that they (1) earned customers 1.5 % in daily Bitcoin trading profits and up to 45% per month; (2)

FTC Files Two Actions for Illegal Non-Disparagement Clauses in Contracts

FTC Files Two Actions for Illegal Non-Disparagement Clauses in Contracts

The Federal Trade Commission (“FTC”) recently filed two actions against Shore to Please Vacations LLC and Staffordshire Property Management, LLC alleging that the companies used illegal non-disparagement clauses in consumer form contracts in the course of selling their respective services, in violation of the Consumer Review Fairness Act (“CRFA”). The CRFA, which became effective in

SEC Updates PAUSE List

SEC Updates PAUSE List

The Securities and Exchange Commission (“SEC”) has updated its list of soliciting entities that have been the subject of investor complaints, known as the Public Alert: Unregistered Soliciting Entities (PAUSE) list. The PAUSE list contains firms that SEC staff found were providing inaccurate information about their affiliation, location, or registration, and enables investors to inform

More to Missouri’s Medical Marijuana Facility Application Form Than Meets the Eye

More to Missouri’s Medical Marijuana Facility Application Form Than Meets the Eye

Many Missourians planning on applying for medical marijuana dispensary, extraction, and/or cultivation licenses looked forward to June 4, 2019 with anticipation. On that date, the Missouri Department of Health and Senior Services was required by Article XIV of the Missouri Constitution to “make available to the public license application forms and application instructions for medical

SEC Files Subpoena Enforcement Action Against Cannabis Company

SEC Files Subpoena Enforcement Action Against Cannabis Company

On June 4, 2019, the Securities and Exchange Commission (“SEC”) filed a subpoena enforcement action in the U.S. District Court for the Northern District of Illinois against Covalent Collective, a vertically integrated cannabis enterprise, for failure to produce documents in an investigation. The action relates to an SEC investigation into potential violations of registration provisions

FBI Cyber Division Warns Cyber Criminals Targeting West Texas Oil and Natural Gas Industry

FBI Cyber Division Warns Cyber Criminals Targeting West Texas Oil and Natural Gas Industry

Private Industry Notification (PIN) 20190530-001 was being distributed to make private sector partners aware of business email compromise/business email spoofing (BEC/BES) scams where cyber criminals are targeting the West Texas Oil and Natural Gas industry through email phishing, malware attacks, and unauthorized access for financial gain. The alert was released as TLP: Green and the

Kennyhertz Perry’s Tompkins Presents at KCMBA’s Bench-Bar & Boardroom Conference

Kennyhertz Perry’s Tompkins Presents at KCMBA’s Bench-Bar & Boardroom Conference

Recently, Kennyhertz Perry’s Attorney Benjamin Tompkins presented at the Kansas City Metropolitan Bar Association’s 46th Bench-Bar & Boardroom Conference 2019 in Branson, Missouri. Tompkins was a co-presenter for a Continued Legal Education opportunity entitled “Legal Issues Unique to Medical Marijuana, CBD Oil and Cultivation of Cannabis.” Tompkins focused his presentation on tax considerations for and