All Episodes

October 15, 2022 22 mins
Yuga Labs SEC Probe was issued this week and we analyzed the situation. We also bring our "AI bot"s to help us with the discussion as we also talk about the "Fort Lauderdale Boat Show (FLBS)" and how our startups are solving problems in modern yachts, connectivity and cybersecurity.  Right from the EGLAVATOR https://eglavator.com/  in Boca Raton, FL an https://eglacorp.com company. Likewise, Yuga Labs probes brings issues on what you need to test and avoid, specially  issuing the "Howey Test" an 1931 test that reads: The Howey Test refers to the U.S. Supreme Court case for determining whether a transaction qualifies as an “investment contract.” If a transaction is found to be an investment contract, it’s considered a security. It’s then subject to registration requirements under the Securities Act of 1933 and the Securities Exchange Act of 1934. According to the U.S. Securities and Exchange Commission (SEC), an “‘ investment contract’ exists when there is the investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others. The so-called ‘Howey Test’ applies to any contract, scheme, or transaction, regardless of whether it has any of the characteristics of typical securities.” "Hence the SEC found issued a Yuga Labs Probe  to determine if the ApeCoins and their NFT (Non Fungible Token) would have constituted a Federal securities violation. In simple terms, under "The Howey Test", a transaction qualifies as a security if it involves the following four elements:  An investment of money In a common enterprise A reasonable expectation of profit Derived from the efforts of others To be considered a security, a transaction must meet all four prongs of the Howey Test. Yuga Labs faces a Probe As part of many sources including https://coingeek.com/sec-probes-yuga-labs-over-alleged-sale-of-unregistered-offerings/  According to a Bloomberg report, the SEC has yet to make a formal accusation against Yuga Labs for any wrongdoing as the investigations are still in the preliminary stages. However, a spokesperson for the NFT maker said that the company has not breached any securities law and will work with the Commission to resolve any gray areas. Fort Lauderdale Boat Show One of our startups, Marine Network Solutions and Marine Cybersecurity Services (Same team) are solving problems in Yachts, also soon to release a Yacht NFT and a network of yachts.   Stay tuned for the next episodes where we will bring Sato Ramdas and Cameron to discuss IOT, 4G/5G connectivity for yachts and our cybersecurity package for yachts and boats in general.    
Mark as Played

Advertise With Us

Popular Podcasts

Stuff You Should Know
My Favorite Murder with Karen Kilgariff and Georgia Hardstark

My Favorite Murder with Karen Kilgariff and Georgia Hardstark

My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.

The Joe Rogan Experience

The Joe Rogan Experience

The official podcast of comedian Joe Rogan.

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.