On April 3th, 2019 the US Securities and Exchange Commission staff released a “Statement on Framework for “Investment Contract” Analysis of Digital Assets” and the first no-action letter.
Part 1 – Introduction On September 11, 2018, the Securities and Exchange Commission (SEC or the Commission) announced “public administrative and cease-and-desist proceedings” against Crypto Asset Management, LP (CAM) and Timothy Enneking (Enneking), the owner and manager of CAM. The ruling is notable as the Commission’s first order against a crypto-dominated investment fund, but also stands out because it provides … Read More
FinTech is an umbrella term for technology innovation that disrupts trading, banking, insurance, and more in the financial services industry. From hedge funds and startups to big banks, Chicago has a deep bench of FinTech businesses collaborating and competing to create the most efficient financial services. The city has embraced FinTech’s expanding role in its already robust financial services industry … Read More
When growing and fundraising for a business, there are many boundaries to overcome for both men and women. However, recent studies show that women specifically face more difficulties raising money through traditional fundraising channels, and the gender gap in venture capital funding is getting worse. Stories of sexual harassment and discrimination towards female founders from venture capitalists (VC’s) also abound … Read More
On August 25, the 48 Hour Film Project is issuing a challenge to all of Chicago’s creatives: create a short film in only 48 hours! The winning film will go on to compete “against films from around the world at Filmapalooza 2018 for a chance at the grand prize and an opportunity to screen at the Cannes Film Festival 2018 … Read More
At Ziliak Law we pride ourselves on our roots in the financial services industry and our tenancy within the Chicago Board of Trade. At the same time, since the inception of the firm in May 2013, we’ve branched out to service other industries, including music, film, theatre, and other media-related practice areas. At the core of our involvement in the … Read More