Insights & Regulatory Updates

Exploring FINRA's New Report on Metaverse Opportunities and Challenges for the Securities Industry
Anderson Insights K. Braeden Anderson Anderson Insights K. Braeden Anderson

Exploring FINRA's New Report on Metaverse Opportunities and Challenges for the Securities Industry

On October 24, 2024, FINRA released an eye-opening report, The Metaverse and the Implications for the Securities Industry, addressing the securities industry’s potential engagement with the metaverse—a rapidly evolving virtual landscape. The report underscores emerging use cases, industry challenges, and regulatory considerations for broker-dealers and other FINRA member firms looking to leverage immersive virtual technology to innovate in customer engagement, data visualization, trading, and investor education.

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SEC Targets OpenSea: The Potential Implications for the NFT Market
SEC Enforcement Update K. Braeden Anderson SEC Enforcement Update K. Braeden Anderson

SEC Targets OpenSea: The Potential Implications for the NFT Market

The Securities and Exchange Commission (SEC) has recently issued a Wells notice to OpenSea, the most prominent marketplace for non-fungible tokens (NFTs), signaling a potential lawsuit for securities law violations. This move marks a significant development in the SEC's ongoing scrutiny of the digital assets space, particularly as it relates to the burgeoning NFT market.

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