THELOGICALINDIAN - New Yorkbased acknowledged close Morrison Cohen LLP has launched what it calls the Moco Cryptocurrency Litigation Tracker The tracker seeks to accommodate updates and advice on all alive acknowledged affairs in the United States involving cryptocurrency companies acquiescent greater accuracy apropos the acknowledged embroilments of companies operating in the basic bill industry
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Morrison Cohen Launches Cryptocurrency Litigation Tracker
As of this writing, Morrison Cohen’s Cryptocurrency Litigation Tracker displays advice apropos 63 advancing affairs demography abode in the U.S. The cases are abiding chronologically, and are sorted according to the attributes of the action in question.
The tracker has been declared as alms added accuracy apropos the acknowledged diplomacy of companies operating in the cryptocurrency industry – with -to-be investors able to bound ascertain as to whether or not a aggregation is anon the accountable of acknowledged action. The tracker provides links to accordant affidavit pertaining to listed proceedings, including “rulings/orders of note[s]” apropos to the cases.
Cease-and-Desist Orders Among Most Prevalent Proceedings
At present, 27 of the 63 listed cases are declared as absolute ”Summary Suspensions/Cease and Desist Orders, 24 are declared as “Class Action and Other Private Litigation,” and 18 cases are “Regulatory Litigation and Proceedings.
Morrison Cohen will additionally clue the authoritative pronouncements of the Securities and Exchange Commission, Commodity Futures Trading Commission, Financial Industry Authoritative Authority, and the New York State Department of Financial Services, in accession to “other authoritative announcements” including those fabricated by controlling order.
Complaints to Consumer Watchdog on Increase
Earlier this month, customer analysis group, Valuepenguin, appear a address claiming that the cardinal of customer complaints involving cryptocurrency aggregation filed with the U.S Customer Financial Protection Bureau access by 669 percent afterward the post-December 2017 blast in the cryptocurrency markets.
40% of complaints arise from traders anxious by actuality clumsy to abjure funds from a cryptocurrency platform, followed by complaints apropos to transaction issues (20.5%), and allegations of artifice (11.7%).
Do you anticipate that greater accuracy apropos the acknowledged diplomacy of crypto companies will abetment -to-be investors in authoritative abreast decisions
Images address of Shutterstock, Morrison Cohen
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