Five Mistakes Longfin Made and Why The SEC Froze $27 Million In Assets

By Lahdan Rahmati, Esq. | May 31, 2018

On April 4, 2018, the United States Securities and Exchange Commission (“SEC”) obtained a temporary restraining order (“TRO”) freezing more than $27 million in trading proceeds from allegedly illegal distribution and sales of restricted shares of Longfin Corp. (“Longfin” or the “Company”) stock involving Longfin, Meenavalli (its Chairman, Founder and CEO), and three other affiliates,…

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Bite Token Is “100% A Security Token” & a Good Example of an SEC Compliant ICO

By Lahdan Rahmati, Esq. | May 10, 2018 |

Causam eXchange, Inc., (Causam) a privately-held advanced energy settlements company, launched its presale on March 8, 2018 pursuant to Rule 506(c) of Regulation D. The company plans to develop the first Blockchain Instrument for Transferable Equity (BITE), an equity security that is tokenized in a smart contract executed on the Ethereum Network. The smart digital…

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Did You Know That Foreign Issuers Can Also Rely On Regulation Crowdfunding?

By Lahdan Rahmati, Esq. | May 4, 2018

It is a little-known fact that foreign companies can use Regulation Crowdfunding (Regulation CF) to raise capital from accredited and non-accredited investors in the United States (U.S.). It is a commonly held belief that Regulation CF is available only to U.S. domiciled companies with a principal place of business, operations and executive officers located inside the U.S.…

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