Anand Sithian

Jul 5, 2024 | law.com | Daniel Zelenko |Anand Sithian |Danielle Giffuni |Andrea Charles |Ahnna Chu

On May 23, 2024, at the Securities Enforcement Forum West 2024, Gurbir Grewal, the director of the Division of Enforcement at the U.S. Securities and Exchange Commission (SEC), gave remarks entitled “The Five Principles of Effective Cooperation in SEC Investigations.” In his speech, Grewal reemphasized the SEC’s focus on corporate cooperation during the agency’s investigations, including that companies self-report to the SEC, including before a company knows all the facts.

Mar 26, 2024 | mondaq.com | Anand Sithian |Caroline Brown |Kelsey Clinton

The government has appealed the decision and FinCEN has stated that it will comply with the Court's ruling as to the named plaintiffs, as well as members of the National Small Business Association (as of March 1, 2024); those entities are not currently required to report BOI to FinCEN.

Mar 8, 2024 | mondaq.com | Anand Sithian |S. Marshall

As Bitcoin reaches prices not seen since November 2021, individuals and entities will undoubtedly consider selling – sometimes called "taking profit" on – Bitcoin and other digital assets to capture previously unrealized gains. But crypto market participants should be aware of the U.S. tax implications of realizing gains on the sale of digital assets – more importantly, properly reporting such gains to the Internal Revenue Service ("IRS").

Mar 4, 2024 | lexblog.com | Anand Sithian

As Bitcoin reaches prices not seen since November 2021, individuals and entities will undoubtedly consider selling – sometimes called “taking profit” on – Bitcoin and other digital assets to capture previously unrealized gains. But crypto market participants should be aware of the U.S. tax implications of realizing gains on the sale of digital assets – more importantly, properly reporting such gains to the Internal Revenue Service (“IRS”).