To get started, Hamid reached out to attorney John Lore, who she says has helped set up more than 30 crypto hedge funds. "Emerging cryptocurrency funds see this as an opportunistic time to start up the infrastructure to set up a fund," according to Lore, who said he gets about six or eight inquiries daily from aspiring crypto fund managers. "What that means is that at least fund managers are very bullish on the long-term aspects of cryptocurrency in varied investment strategies."
By Olga Kharif | 20 April 2018
Beth-ann Roth, a former SEC prosecutor and partner at Capital Fund Law, agreed. “[The lesson for celebrities is to] “know what you’re endorsing,” Roth told the FT, saying promoters could be charged with aiding and abetting the alleged fraud.
Bitcoin Regulation | 10 April 2018
Beth-ann Roth, a former SEC litigator and partner at Capital Fund Law, said that in cases as the Centra ICO, there was also a risk that promoters could be found to have “aided and abetted” the alleged fraud. The lesson for celebrities, she added, is “know what you’re endorsing”.
By Joshua Oliver and Hannah Murphy | 9 April 2018
Beth-ann Roth, an investment funds partner at Capital Fund Law Group, said it behooves celebrity endorsers to consult with a securities attorney if they are invited to promote an ICO, or any investment offering, for that matter.
“They have an obligation before accepting that kind of engagement to do their due diligence. They need to make sure they’re getting the right answers,” Roth said.
Celebrities, according to Roth, need to know that their due diligence obligations are heightened when they promote investment products since those products are regulated under the securities laws.
“They have to understand that their endorsements matter to many people and could influence peoples’ decisions,” Roth said. “Technically, they could be found liable, so they need to exercise extra caution when undertaking these types of representations.”
By Dustan Prial | 4 April 2018
"There's a lot of short-term trepidation based on regulatory uncertainty based on the SEC, with what the European Union is doing, and what various Asian regulators are doing," said John Lore, managing partner at Capital Fund Law Group.
Lore's firm advises hedge funds and private equity groups in the crypto-space. He said he's seeing an "unprecedented" number of new fund starts continuing from February.
"I think the sell-off this year has more to do with short term concern than any long-term general distaste for the asset," Lore said.
By Kate Rooney | 29 March 2018
The SEC’s desire to interview cryptocurrency hedge funds, the only asset managers currently operating in the space, seems a logical next step in the development of the digital asset regulatory framework. The probe also underscores the fact that the SEC takes the crypto hedge fund space very seriously and will continue to keep a close eye on it moving forward.
By John Lore | 26 March 2018
“According to John S. Lore, Esq., owner of Capital Fund Law Group, PC, ‘When selecting service providers, including an attorney, administrator, and auditor, the management should consider the professional background of each provider. The level of quality of the service providers says much about the quality of the corporation’s management and business plan. Before smart people will invest in or purchase anything they seek signs of competence and stability from all tiers of the organization.
By Steve Olenski | 21 February 2015
"An accredited investor is an investor that meets the income or net worth tests established by the SEC," says John Lore, managing partner of Capital Fund Law Group. "For individuals, the investor must have a net worth or joint net worth with his or her spouse exceeding one million dollars or meet a $200,000 per year annual income threshold ($300,000 if combined with spouse)."
By John Boitnott | 24 February 2015
In 2014 and 2015, Capital Fund Law Group was recognized for its investment fund expertise by Wealth and Finance International, a global investment publication, in its 2014 and 2015 Alternative Investment Awards.
Wealth and Finance International | Alternative Investment Awards