Mr. Rooney is a partner in Davis Polk’s Corporate Department, practicing in the Capital Markets Group. [Full Bio]

In a much-anticipated action, on July 25 the SEC issued a Section 21(a) report of its investigation into an offering of digital tokens by “The DAO,” an unincorporated virtual organization. Though declining to take enforcement action against The DAO, the SEC used the opportunity to warn others engaged in similar
Continue Reading SEC Confirms That Some Initial Coin Offerings Are Illegal Unregistered Securities Offerings