Non-fungible tokens (NFTs) may have captured the imagination of the public but they are an increasingly risky purchase. Not only have NFT values plummeted in recent months, in common.
The case NFT insider trading is a rather routine application of the broadly worded wire fraud statute used to target insider trading outside the scope of federal securities laws. Companies should increase enforcement activity and conduct a compliance review to prevent fraud
The heavily publicized announcement by New York federal prosecutors of the first-ever charges for insider trading in digital assets non-fungible tokens, or “NFTs” in particular is a.