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 Rogoff is an associate in the Litigation Department. His practice focuses on securities and commercial litigation, including federal securities class actions, shareholder derivative lawsuits, and internal and governmental investigations. 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.
Corey also maintains an active pro bono practice, with a focus on social security disability law and sealing criminal records. He was recently part of a team working with 100+ Meridian Heights residents in bringing a suit against the owners and property managers for terrible living conditions. Corey also assisted an individual in fighting for her social security disability benefits.