Finance Magnates Highlights Braden Perry in Article On Crypto’s Regulatory Clarity

Perry, among other professionals, discusses high-profile Initial Coin Offerings “ICO” cases this year and potential effective regulatory clarity in the cryptocurrency industry in Finance Magnates article posted today.

“The high-profile filings by the SEC show that they are increasing their scrutiny on the space,” said Braden Perry, Government Investigations and Corporate Governance Counselor at Kennyhertz Perry, LLC, to Finance Magnates. “It also shows that both the SEC and CFTC are looking to become the regulator charged with fighting wrongdoing.”

Perry also pointed out that the SEC has begun to widen the scope for cases that it considers to be in violation of the law. He said that the high-profile filings that the Commission has made throughout the year “[show] that even companies that attempt an ICO compliantly can get cross-ways with the regulators.”

“Take Kik for example,” he continued. “This was the SEC’s first Section 5 case, not alleging any fraud or abuse, but simply for failure to register what it deems as a security.”

The article is available in it’s entirety here: https://www.financemagnates.com/cryptocurrency/news/have-the-secs-telegram-kik-cases-brought-clarity-to-crypto/

About Kennyhertz Perry’s Financial Services practice group:

Kennyhertz Perry integrates broad regulatory expertise, including compliance and enforcement, with the transactional practices to which that expertise is critical. We are called upon by businesses who need help navigating current and future regulatory challenges stemming from the global financial crisis. To assist our clients in understanding the issues that will affect their industries, entities and transactions, we understand the impact of regulations and requirements of both The Dodd-Frank Wall Street Reform and Consumer Protection Act and a wide variety of U.S. and foreign regulatory reforms targeting investment business and market structures, alternative investment fund managers, private equity and others, central clearing and exchange-trading of derivatives, market abuse and insider dealing, capital regimes, and commodity derivatives.

Kennyhertz Perry attorneys also have broad BSA/AML experience across the spectrum of bank and non-bank financial institutions. These include traditional chartered banks, broker-dealers, commodity trading advisors, money transmitters, non-bank lenders, and virtual currency businesses. We are experienced in counseling and drafting BSA/AML practices, policies, and procedures. Our combined knowledge and skill permit us to anticipate potential problems before they become serious issues and assist clients in responding effectively to regulatory and law enforcement criticisms or inquiries.

Kennyhertz Perry regularly counsels lenders, investment advisers, broker-dealers, and fund managers on the laws, rules, and regulatory developments affecting their business, including regulatory requirements, risk management, licensing and registration, sales and marketing practices and materials, manuals and training, day-to-day compliance.

About Kennyhertz Perry, LLC

Kennyhertz Perry, LLC is a business and litigation law firm representing clients in highly regulated industries. The firm was founded by two veteran Kansas City attorneys, John Kennyhertz and Braden Perry. To learn more about the firm, visit kennyhertzperry.com.

*The choice of a lawyer is an important decision and should not be based solely upon advertisements.