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Thursday, April 25, 2019

SEC Form 10 Audit & Filing Timeline


As recent enforced actions have alluded to, the SEC has moved forward with its review of token issuances under its jurisdiction occurring in the past few years. Along with fines and rescission offers, settlement with token issuers has included the term of Filing a Form 10 (a registration of securities) and maintenance of compliance for at least 1 year. Out of all settlement terms, the Form 10 filing may be the most arduous task, largely due for the need of a full financial statement audit within the settlement timeline (SEC precedent has been 90 days). While the timeline is short, a focused team comprised of savvy management, 3rd party consultants, legal counsel, and auditors can fulfill the SEC's requirements within the allotted timeline


Form 10 Audit & Filing Timeline

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