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Stradling

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Law360
May 2018

San Diego-based Amit Singh, a shareholder in Stradling's Corporate and Securities practice group, was quoted in an article published in Law360, “Securities Attys Challenged By New Role As ICO Gatekeepers.” The article discussed how the SEC believes attorneys are meant to be “ICO gatekeepers” and should be held accountable for the advice they give to their clients in determining if their ICO should be registered with the SEC or not. Singh stated that “100 percent, when in doubt, it’s a security” because the SEC is using the Howey test to determine whether or not a financial instrument is an investment contract and therefore a security. Read the full article here.