THE ENVIRONMENT Developments to watch. Senator Warren and others introduced new legislation to meet a purported need to close the gap in sanctions compliance. Digital Asset Sanctions Compliance Enhancement Act of 2022 A great summary on the debate about whether digital assets are a material conduit for economic sanctions. The EU passed a proposal to […]
Another month of extraordinary developments. We hope you find these summaries helpful for setting priorities & educating your colleagues about risks. THE ENVIRONMENT This recent SEC Release gives a sense of the SEC’s concerns about digital assets as an underlying asset in securities products such as ETFs/ ETPs. The SEC asks for comment about whether […]
THE ENVIRONMENT Fraud Prevention & Cybersecurity OpenSea UI vulnerability allowed hackers to get NFTs below market with an inadvertent acceptance of a buy offer. State Securities Regulators Warn of Top Risks in 2022 – fraud is in the top 4 – crypto is #1. A measured approach to preventing fraud in DeFi – A Florida […]
We are excited for 2022! We believe innovation in blockchain and fintech will not replace but improve traditional finance allowing for strides in sustainable governance with Increased stakeholder participation Increased operational efficiencies Smart tech to increase ROI on compliance & risk programs We hope you continue to find the Warburton Report a helpful resource. Feedback […]
Investor protection continues to be a common theme and strategy for regulatory compliance and enforcement pressure points. As you consider year-end efforts, think about your compliance scorecard for transparency and duties to investors. COMPLIANCE NEWS Conflicts and Insider Trading with NFTs- OpenSea’s Nate Chastain is at the center of an insider trading scandal involving its NFT marketplace. Chastain has resigned […]
We are reminded that sustainable governance can be simple as tracking regulatory developments so the compliance program covers basic regulatory priorities. This edition is full of developments which are great reminders for training and policy discussions. What’s a recent example of why an effective compliance program protects founders and companies? DOJ investigations into Tether show, why regardless of regulatory […]
This edition is a round-up of anti-fraud and data protection developments. Please let us know if you have questions or comments. FINTECH Interesting diverse opinions from U.S. regulators regarding blockchain and cryptocurrency In what some call a landmark speech, the Federal Reserve’s vice chair for Supervision Randal Quarles argues that stablecoins “could encourage [international] use of the […]
This Report is filled with developments you should consider for updating your outreach, training and risk assessments. We hope this will help you get ready for the 2nd half of 2021! FINTECH DEVELOPMENTS Custody and anti-manipulation controls remain important for compliance programs and risk assessment priorities particularly as SEC resistance to digital assets continues. A recent SEC […]
This month we present several examples of proactive regulatory guidance. We recommend you use this optimistic time of year to review your programs and proactively communicate these developments to your board, management and other stakeholders. Please reach out. We are here as a resource and look forward to hearing from you. FINTECH Interesting case to watch re: […]
We are optimistic as spring is in bloom and many of the annual filings and reports are behind us. We hope you enjoy this edition which is full of developments for you to consider as you focus on keeping pace in 2021. Please reach out with feedback. We love to hear from our readers. Fintech […]