SEC Tries (and Fails) to Expand the Private Markets

On August 26, the U.S. Securities and Exchange Commission (“SEC”) announced several changes to the “accredited investor” definition, adding new categories of the eligible individual and corporate candidates for private capital markets. Passed in a 3-2 Commission vote, the agency press release … Read more about SEC Tries (and Fails) to Expand the Private Markets

FTC Sues Company for Unsubstantiated Claims

On April 24, 2020, the Federal Trade Commission (“FTC”) filed a complaint in federal court as well as an administrative complaint against California-based marketer, Whole Leaf Organics for its unsubstantiated product claims.1 The company sells Thrive, a supplement consisting mainly of vitamin C and … Read more about FTC Sues Company for Unsubstantiated Claims

Lawmaker Suggests Cryptocurrency to Fund Border Wall

Ohio Congressman Warren Davidson suggested that crowdfunding through a cryptocurrency might provide a viable solution to the funding issues for the proposed wall along the US/Mexico border. In an interview with NPR's Steve Inskeep, the Republican representative suggested that both the proposed … Read more about Lawmaker Suggests Cryptocurrency to Fund Border Wall

Big Tobacco Moving Into Cannabis Market

One of the largest tobacco companies in North America, Altria Group - which owns Philip Morris USA, best known for their manufacture of Marlboro cigarettes - has agreed to invest $1.8 billion USD ($2.4 billion Canadian dollars) into Cronos Group, based in Ontario. The investment marks the largest … Read more about Big Tobacco Moving Into Cannabis Market

CFTC Chairman: DLT Can Automate Regulation

  The US Commodity Futures Trading Commission (CFTC) has, thus far, exhibited far more enthusiasm for Distributed Ledge Technology ("DLT") than the Securities and Exchange Commission ("SEC"). On balance the CFTC has come across as open, if not downright enthused by the possibilities … Read more about CFTC Chairman: DLT Can Automate Regulation

SEC Charges EtherDelta Founder with Operating Unregistered Exchange

The US Securities and Exchange Commission (SEC) announced settled charges on the first enforcement action based on findings that a digital token trading platform was operating as an unregistered national securities exchange. The charges were against Zachary Coburn, founder of decentralized Ethereum … Read more about SEC Charges EtherDelta Founder with Operating Unregistered Exchange

Farm Bill Lapses Without Passage of New Legislation

The 2014 Farm Bill expired quietly this past weekend (September 30) without any new legislation in its place, as lawmakers have been thus far unable to reach a consensus on a unified Farm Bill for 2018. The US House of Representatives broke for a recess before a cohesive version of the bill could be … Read more about Farm Bill Lapses Without Passage of New Legislation

RLG Sponsors Charity Golf Tournament

The Rodman Law Group is proud to have been the 1st Place Sponsor at the Masters at the Meridian, a golf tournament benefiting the Growing Hope Foundation. The tournament, held on September 10, 2018 at the Meridian Golf Course in Englewood, Colorado, was well attended. The tournament was sponsored by … Read more about RLG Sponsors Charity Golf Tournament