What measures should the creator of Bored Ape take to address the SEC investigation?

3 answers

• Mar 15, 2022 · 3 years ago
  The creator of Bored Ape should immediately cooperate with the SEC investigation by providing all requested information and documents. It is crucial to be transparent and responsive to the SEC's inquiries to demonstrate a commitment to compliance. Additionally, seeking legal counsel specialized in securities law can help navigate the investigation and ensure compliance with applicable regulations. Implementing robust internal controls and procedures to prevent any future violations is also essential to address the SEC's concerns and maintain regulatory compliance. By taking these measures, the creator of Bored Ape can show a proactive approach towards resolving the investigation and safeguarding the project's reputation.
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• Mar 15, 2022 · 3 years ago
  Yo, the creator of Bored Ape needs to handle this SEC investigation like a boss! First things first, they should hire a kickass legal team that specializes in dealing with the SEC. These lawyers will help them navigate the investigation and ensure they're following all the rules and regulations. They should also be transparent and cooperative with the SEC, providing them with all the necessary information they need. It's important to address the concerns raised by the SEC and show them that Bored Ape is committed to playing by the rules. By taking these measures, the creator can hopefully resolve the investigation without any major issues. Stay cool and handle it like a pro!
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• Mar 15, 2022 · 3 years ago
  As an expert in the field, I would advise the creator of Bored Ape to approach the SEC investigation with utmost seriousness and professionalism. It is crucial to promptly engage with the SEC and provide them with all the requested information and documents. Seeking legal counsel from experienced securities lawyers is highly recommended to navigate the complexities of the investigation and ensure compliance with relevant regulations. The creator should also conduct an internal review of their operations and implement any necessary changes to strengthen their compliance program. By demonstrating a proactive and cooperative attitude, the creator can address the SEC's concerns and work towards a resolution that protects the interests of Bored Ape and its community.
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