Course description
Few cryptocurrencies have reached scale. Many investors have lost money. Kim Kardashian’s Instagram post pushing Ethereum Max was the biggest financial promotion in history and has already led to litigation in the USA.
A combination of existing common law and new regulatory remedies may enable investors to recover their losses in England. Both developments in the FCA’s rules on financial promotions generally and a specific focus on ‘qualifying crypto-assets’ are likely to provide new opportunities for claims for disappointed holders of crypto-currencies.
This virtual classroom seminar will address the key issues. It is presented by David McIlroy, Head of Chambers at Forum Chambers and Visiting Professor at the Central for Commercial Law Studies, Queen Mary University of London.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Few cryptocurrencies have reached scale.
Many investors have lost money.
Kim Kardashian’s Instagram post pushing Ethereum Max was the biggest financial promotion in history and has already led to litigation in the USA.
A combination of existing common law and new regulatory remedies may enable investors to recover their losses in England.
Both developments in the FCA’s rules on financial promotions generally and a specific focus on ‘qualifying crypto-assets’ are likely to provide new opportunities for claims for disappointed holders of crypto-currencies.
This new virtual classroom seminar will address the key issues.
What You Will Learn
This live and interactive session will cover the following:
- How claims for fraudulent misrepresentation open up a route to recovering damages against the promoters of cryptocurrencies
- How the expanded financial promotions restriction will apply to cryptocurrencies
- The need for cryptocurrency exchanges and custodian wallet providers to register with the FCA and to comply with anti-money laundering regulations
- The consequences of selling unlawful crypto-derivatives or otherwise breaching the FCA’s regulatory requirements
Expenses
MBL Seminars Limited
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