On February 20, 2019, the SEC announced that it settled charges against Gladius Network LLC (“Gladius”) for failing to register non-exempt offers and sales of securities in violation of Sections 5(a) and 5(c) of the Securities Act. While the SEC has previously settled charges relating to unregistered ICOs, this is one of few occasions since its 2017 DAO Report that the SEC refrained from imposing civil monetary penalties for an ICO that it determined violated the registration requirements of the federal securities laws.
Corey I. Rogoff
Corey Rogoff is an associate in the Litigation Department, specializing in a range of business, regulatory and investigative matters. He has extensive experience advising on securities issues, including federal securities class actions, shareholder derivative lawsuits, and internal and governmental investigations. Corey has also worked in defense of private and government antitrust actions involving price fixing, supply restraints and monopolization allegations.
Corey is also part of the litigation team that represents the Financial Oversight and Management Board in the Commonwealth of Puerto Rico’s bankruptcy proceedings and the historic restructuring of Puerto Rico’s debts. He has leveraged his experience to advise the Board on the implications of pending legislation, regulatory actions and executive orders.
Corey also maintains an active pro bono practice, with a focus on immigration law and criminal record expungement. He is part of a team working with 100+ Meridian Heights residents in bringing a multi-year, class action lawsuit against the owners and property managers for terrible living conditions. Corey and the team recently received one of Proskauer’s Golden Gavel Awards in recognition of their efforts to successfully resolve this litigation.