A Series Of SEC Enforcement Cases Against Microcap Attys

By Joseph Dever and William Lesser (May 31, 2018, 12:56 PM EDT) -- Earlier this year, U.S. Securities and Exchange Commission Chairman Jay Clayton fired a warning shot across the bow of practicing securities attorneys: "act responsibly and hold [yourselves] to high standards." In a January speech, Clayton specifically called out members of the securities bar advising clients on initial coin offerings that were not being registered with the SEC under the federal securities laws. He cautioned that his staff is "on high alert" for conduct that "may be contrary to the spirit of our securities laws and the professional obligations of the U.S. securities bar." In other words, Clayton warned that the SEC was looking to bring enforcement actions against attorneys who failed to live up to their "gatekeeper" responsibilities....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!