Solar Winds, the enterprise technology company made famous after suffering a nation state directed cyber attack in 2020, has been served notice by the SEC that further action is coming. Not only did they receive their own Wells Notice in October, but now two individuals, their CFO and CISO, have as well.
This is the first time a CISO has received a Wells Notice.
What should corporate directors know and do about this? To shed some light on the practical implications for business leaders we will ask for insights from two of our OODA network experts, Bob Flores and Junaid Islam.
See the video at:
https://youtu.be/qyVasswen4E
#solarwinds #sec #wellsnotice #cybersecurity #defcon #ciso #ooda
#solarwinds #sec #wellsnotice #cybersecurity #defcon #ciso #ooda
What is a Wells notice, explained - A Wells notice is a letter from the SEC indicating possible enfor... - https://cointelegraph.com/explained/what-is-a-wells-notice-explained #wellsnotice
Lawyer Expects SEC to Lose if It Sues Coinbase Due to ‘Fatal Flaw’ of Gary Gensler’s Own Making - A lawyer has explained why the U.S. Securities and Exchange Commission (SEC) will ... - https://news.bitcoin.com/lawyer-expects-sec-to-lose-if-it-sues-coinbase-due-to-fatal-flaw-of-gary-genslers-own-making/ #seclosesagainstcoinbase #seclegalactioncoinbase #seclosesincourt #secsuescoinbase #secvscoinbase #seccoinbase #wellsnotice #regulation #coinbase #sec
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Coinbase share price spikes 7.9% as Q1 results beat expectations - Coinbase CEO Brian Armstrong called the quarter a "turning point"... - https://cointelegraph.com/news/coinbase-share-price-spikes-7-9-as-q1-results-beat-expectations #regulatorycompliance #transactionrevenue #institutionalbase #shareholderletter #consumerbase #wellsnotice #stockprice
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The law that created the #SEC says explicitly that filing an S-1 and having it approved does not imply that the contents of the same is truthful or any judgement of value on the company's business, including its legality.
Moreover, that law says that companies are expressly prohibited to tell their prospective investors that the S-1 approval had any such implications.
Yet that is precsiely what #Coinbase is claiming to the four winds, as response to the SEC's #WellsNotice...
US-Börsenaufsichtsbehörde SEC weiter unter Druck: Coinbase antwortet auf die Wells Notice https://www.blocktrainer.de/coinbase-antwortet-auf-wells-notice-der-sec/ #Regulierung #WellsNotice #Blogpost #Coinbase #News #SEC
#Regulierung #wellsnotice #Blogpost #Coinbase #News #SEC
Coinbase Shares Wells Response, Challenges SEC’s Change in Attitude Towards Its Core Businesses - On April 27, Coinbase, the crypto exchange based in San Francisco, made public the... - https://news.bitcoin.com/coinbase-shares-wells-response-challenges-secs-change-in-attitude-towards-its-core-businesses/ #u.s.securitiesandexchangecommission #enforcementactions #innocentinvestors #legalproceedings #brianarmstrong #cryptoexchange #federalcourt #sanfrancisco #wellsnotice #s-1filing #coinbase
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‘Crypto is dead in America’: Tech billionaire Chamath Palihapitiya - Palihapitiya did concede the crypto sector has “pushed more bound... - https://cointelegraph.com/news/crypto-is-dead-in-america-tech-billionaire-chamath-palihapitiya #regulatoryenforcement #chamathpalihapitiya #offshorefirms #garygensler #wellsnotice #davidsacks #innovation #lawsuit
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Scaramucci: 'We're through the bear market' as Bitcoin notches up 70% YTD - Bitcoin’s strong start to 2023 is persisting despite numerous hea... - https://cointelegraph.com/news/scaramucci-we-re-through-the-bear-market-as-bitcoin-notches-up-70-ytd #cryptofear&greedindex #anthonyscaramucci #siliconvalleybank #skybridgecapital #halvingcycle #wellsnotice #bearmarket #sentiment
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'US has left a vacuum that other countries are eager to fill': Coinbase - While the U.S. government opts for “regulation by enforcement,” o... - https://cointelegraph.com/news/us-has-left-a-vacuum-that-other-countries-are-eager-to-fill-coinbase #uscryptoregulation #blockchainweek #europeanunion #wellsnotice #coinbase #mica #sec
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Cathie Wood's ARK loading up on Coinbase shares again, buying $18M - ARK Invest purchased 269,928 shares in Coinbase on March 23, only... - https://cointelegraph.com/news/cathie-wood-s-ark-loading-up-on-coinbase-shares-again-buying-18m #arkfintechinnovation #insidertrading #assetlistings #wellsnotice #cathiewood #settlement #securities #arkinvest #10b5-1 #$coin #arkk #arkw #arkf
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#SEC said it plans to #sue #Coinbase [#EnforcementAction]. The warning marks the latest phase in a long-running dispute between the SEC and the #digitalasset firm over its listed #tokens. Coinbase said in a filing that it received a #WellsNotice from the SEC on Wednesday announcing a “preliminary determination” to file an enforcement action against the #crypto firm. #CryptoExchange #regulations ##regulatory https://www.bloomberg.com/news/articles/2023-03-22/coinbase-coin-gets-sec-wells-notice-over-crypto-offerings#xj4y7vzkg
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Coinbase CEO on its Wells Notice: SEC is like soccer referees in a game of pickleball - Brian Armstrong made the interesting analogy when asked to explai... - https://cointelegraph.com/news/coinbase-ceo-on-its-wells-notice-sec-is-like-soccer-referees-in-a-game-of-pickleball #regulatoryclarity #wellsnotice #enforcement #commodities #paulgrewal #securities #settlement #pickleball #johndeaton #charge #nfl
#nfl #charge #johndeaton #Pickleball #settlement #securities #paulgrewal #commodities #enforcement #wellsnotice #regulatoryclarity
Bitcoin Price and Crypto Market Tank Over SEC’s Action on Coinbase - The U.S. Securities and Exchange Commission (SEC) has been going hammer and tongs ... - https://coingape.com/bitcoin-price-and-crypto-market-tank-over-secs-action-on-coinbase/ #24/7cryptocurrencynews #regulationnews #brianarmstrong #coinbaseceo #wellsnotice #coinbase #ussec
#ussec #coinbase #wellsnotice #coinbaseceo #brianarmstrong #regulationnews
SEC Informs Crypto Exchange Coinbase of Potential Securities Law Violations - The U.S. Securities and Exchange Commission (SEC) has sent Coinbase a “Wells notic... - https://news.bitcoin.com/sec-informs-crypto-exchange-coinbase-of-potential-securities-law-violations/ #seccoinbaseregistration #secwellsnoticecoinbase #seccoinbasemeeting #seccoinbasestaking #secbrianarmstrong #seccoinbaseearn #brianarmstrong #seccoinbase #wellsnotice #regulation #coinbase #sec
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Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown - Cryptocurrency exchange Coinbase announced it will suspend trading and delist the ... - https://news.bitcoin.com/coinbase-to-suspend-trading-of-busd-amid-regulatory-crackdown/ #cryptocurrencyexchange #cryptocurrencymarket #marketcapitalization #regulatorycrackdown #circulatingsupply #cryptosupporters #listingstandards #reserveportfolio #tradesuspension #tokencontract #busdcoinbase #coinbasebusd #wellsnotice #widermarket #news
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Circle räumt Gerüchte aus: Keine SEC-Mitteilung erhalten https://de.cointelegraph.com/news/circle-squashes-rumors-of-planned-sec-enforcement-action #foxbusiness #wellsnotice #Wertpapier #stablecoin #twitter #USDcoin #circle #usdc #SEC
#foxbusiness #wellsnotice #Wertpapier #Stablecoin #twitter #usdcoin #circle #USDC #SEC
Circle squashes rumors of planned SEC enforcement action - Rumors swirled on Twitter that the stablecoin issuer received a l... - https://cointelegraph.com/news/circle-squashes-rumors-of-planned-sec-enforcement-action #foxbusiness #wellsnotice #stablecoin #security #twitter #usdcoin #circle #usdc #sec
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Paxos ‘categorically disagrees’ with the SEC that BUSD is a security - Paxos said it will engage with the US securities regulator on the... - https://cointelegraph.com/news/paxos-categorically-disagrees-with-the-sec-that-busd-is-a-security #securitiesregulator #changpengczzhao #wellsnotice #stablecoin #binance #newyork #paxos #sec
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