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| January 22, 2018

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Workplace rights lawyers race to lock in payouts before Trump’s business-friendly rules kick in

January 21, 2018 |

While employers across the U.S. paid a record amount in settlements for workplace violations last year, don’t expect this to mark the beginning of a trend. Think of it more as the storm before the calm, as labor lawyers rush to lock in payouts ahead of a shifting legal landscape.

Settlements from…


L.A. Times – Business

Securities Lawyers Say Barry Silbert Tweets Are Red Flags for Regulators

December 24, 2017 |

Securities Lawyers Say Barry Silbert Tweets Are Red Flags for Regulators

Experts in US securities laws say that some of Barry Silbert’s many tweets on ETC prices, as well as a recent “pro tip” he shared with a shorter, may raise red flags for market regulators in charge of preventing price manipulation.

Also Read: Litecoin Creator Charlie Lee Reveals He Sold All His Litecoin

Barry Silbert or Barry Shillbert

Securities Lawyers Say Barry Silbert Tweets Are Red Flags for RegulatorsThe continuing efforts by Barry Silbert to promote Ethereum Classic (ETC) are again coming into the public focus. We first reported about his problematic behavior and its potential regulatory implications over a year ago. Now a couple of American securities lawyers tell Reuters that they believe Silbert’s ETC cheerleading on social media may soon capture the watchful eyes of U.S. regulators.

“It is risky,” said Trace Schmeltz, a partner at the Barnes & Thornburg law firm. “I think if I were advising Mr. Silbert, I would suggest that he is better off as a cryptocurrency expert at large rather than making specific comments on one particular cryptocurrency in which he has a heavy concentration of holdings.”

Robert Long, a former senior attorney with the Securities and Exchange Commission (SEC) and currently a partner at the law firm Bell Nunnally, said that the U.S. Commodity Futures Trading Commission (CFTC) considers cryptocurrencies as commodities and can “police the virtual currency markets for manipulation and other misconduct.” Long, a former federal prosecutor himself, added that the commission “could take an interest given the nature and timing of some of the statements.”

Pro Tip

Securities Lawyers Say Barry Silbert Tweets Are Red Flags for RegulatorsBesides Twitter, Silbert recently started using another social media platform, Discord. Publicly talking with a follower about attending a DCG ethereum classic event in Hong Kong, Silbert wrote: “pro tip: close out your ETC short before the Summit…”. This exchange specifically might be considered a form of trading advice.

Regarding Silbert’s Discord message Schmeltz commented: “If you have a fund that is issuing a security and the value of the security rises and falls with the price of a cryptocurrency and you are telling people to close their shorts in that cryptocurrency, that is a problem.” He also warned it could be “market manipulation.”

Silbert is CEO of Grayscale, a subsidiary of Digital Currency Group (DCG). In April the company launched the Ethereum Classic Investment Trust whose “shares are the first securities solely invested in and deriving value from the price of” ethereum classic. It isn’t registered with the SEC, in accordance with a regulatory exemption, but is still subject to US securities laws.

Should regulators crack down on cryptocurrency influencers for pumping up their own investments? Let us know in the comments section below.


Images courtesy of Shutterstock, Digital Currency Group.


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The post Securities Lawyers Say Barry Silbert Tweets Are Red Flags for Regulators appeared first on Bitcoin News.

Bitcoin News

Educators book flights early and save money, lawyers and consultants wait and pay more

November 25, 2017 |

Airlines reserve a handful of seats on each plane for those last-minute travelers who will pay top dollar to get to an important meeting or event.

Those last-minute travelers tend to be in the professional service fields, such as lawyers and consultants, a new study concluded.

Of the tickets purchased…


L.A. Times – Business

Michael Flynn lawyers cut ties with Trump legal team, report says

November 24, 2017 |

Attorneys for former White House National Security Adviser Michael Flynn have informed President Donald Trump’s legal team that they can no longer discuss Special Counsel Robert Mueller’s investigation into Russian activities during the 2016 election campaign, The New York Times reported Thursday.
FOX News

Women Lawyers Sue to Stop Masturbating Inmates

November 13, 2017 |

Public masturbation is so rampant in Chicago’s Cook County Jail that officials offered inmates pizza to stop, a federal lawsuit claims. Hundreds of female public defenders and law clerks working at the jail and other lockups have had to endure “on an almost daily basis” inmates who “have repeatedly exposed…
Newser

Lawyers: Pics of Kenneka Jenkins’ Body ‘Raise More Questions’

October 22, 2017 |

Authorities on Friday officially closed their investigation into the death of Kenneka Jenkins , who was found “frozen solid” in a freezer in the unused kitchen of a Chicago-area hotel Sept. 10, the Chicago Sun-Times reports. According to the Chicago Tribune , Rosemont police—after a thorough investigation that included interviews with…
Newser

Dylann Roof Wants to Fire His ‘Biological Enemies’: His Lawyers

September 19, 2017 |

Dylann Roof, the convicted white supremacist murderer of nine black churchgoers in Charleston, SC, wants to dismiss and replace his legal team because they are his “political and biological enemies,” he says in a handwritten letter filed with the 4th US Circuit Court of Appeals Monday. Roof, who’s appealing his…
Newser

Advice to Trump Lawyers: Keep Voices Down at Lunch

September 18, 2017 |

The New York Times has a front-page story Monday detailing the friction among attorneys on President Trump’s legal team over how fully to cooperate with Robert Mueller’s Russia investigation. Also interesting, however, is how the newspaper got the scoop: It seems that reporter Kenneth Vogel went to lunch at a…
Newser

Lawyers: Weiner’s Teen Sexting Victim Wanted to Sway Election

September 14, 2017 |

Disgraced ex-New York congressman Anthony Weiner is no predator and should be spared prison at his sentencing for sexting with a North Carolina teen who dreamed of affecting the US presidential election, his lawyers told a judge on Wednesday. Per the AP , the submission in Manhattan federal court referenced “Anthony’s…
Newser

Some Trump Lawyers Wanted Kushner Out

September 12, 2017 |

Some of President Donald Trump’s lawyers concluded that Jared Kushner should step down as senior White House adviser because of possible legal complications related to the Russia election probe and aired concerns about him to the president.
WSJ.com: What’s News Asia