My name is Robin Sosnow (@RobinSosnowEsq). I'm a securities attorney in NYC, graduate school professor at CMU, and founder of LawLab. My focus is on equity crowdfunding, startups, legal innovation, and blockchain technology. The goal of this newsletter is to share valuable insights, incite conversation, and to bring awareness to the evolving regulatory landscape. For my more detailed bio, click here.
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tZero, the Overstock subsidiary that is an alternative trading system for cryptocurrency and token, has entered into a letter of intent with BOX Digital Markets to launch a security token exchange. The exchange plans to go live for trading in Q3 of this year.
Kickstart Hong Kong Fintech Week 2018 with the North American Roadshow Event in New York City. Led by Charles d'Haussy, Head of Fintech at Invest Hong Kong, this event will provide an update on the latest developments in Hong Kong's financial technology ecosystem, and opportunities in AI, Blockchain, Wealthtech and beyond.
???The Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) was signed this week with most news outlets focusing on the rollback of strict Dodd-Frank restrictions; however, buried deep in the bill was a facelift for Regulation A+. Prior to this act, Reg A+ rules prohibited companies from using the exemption if it is subject to SEC reporting requirements under Section 13 or 15(d) of the Securities Exchange Act. This means any company listed on a national exchange was prohibited from participating in an Reg A+ raise. However, with the passage of S. 2155, reporting companies can now utilize Reg A+, and the bill also reduces the reporting requirements for companies completing Reg A+ Tier 2 offerings.
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