September 11, 2018
Partner John Dellaportas
was quoted in the ETF.com article, “SEC Suspends Trading in Crypto ETPs.” On September 9, the Securities and Exchange Commission temporarily suspended trading of two investment vehicles that track cryptocurrencies due to "confusion amongst market participants.” The SEC wrote that confusion existed over precisely how to classify these products.
"This is a fast-changing area of the securities markets, and the SEC is definitely playing a game of 'catch-up,'" John said. "Today's trading halt is just for ten days to allow the parties to get their paperwork in order. We'll have to see if something more develops from that."
To read the full article, please click here