Cease and desist ordered against Florida-based cryptocurrency firm
Colorado Securities Commissioner Gerald Rome issued a cease and desist order to Florida based Linda Healthcare Corporation and founder Arturo Devesa, reaffirming a decision by Administrative Law Judge Matthew Norwood that the initial coin offering (ICO) accessible online by Coloradans does, in fact, constitute a securities offering. The Division of Securities, part of the Department of Regulatory Agencies (DORA), investigated Linda Healthcare Corporation and the Commissioner issued an order to show cause in May, resulting in the decision by Judge Norwood and subsequent cease and desist order. “ICOs are highly risky and should only be undertaken by sophisticated investors with the understanding that they may lose most or all of their funds,” stated Commissioner Rome. “Most ICOs meet the terms of a securities transaction and carry with them all of the same risks when it comes to losing money.”
Colorado Springs plans Colorado Sports and Event Center
Earlier this week, Olympic City USA announced plans to move forward with the construction of the fourth and final project of the City for Champions initiative, the Colorado Sports and Event Center. The project is comprised of two multi-purpose facilities designed to host professional, Olympic and amateur sporting events.
Denver Board of Education search for new Superintendent
The Board of Education met in a special meeting to further discuss the process to hire a new Superintendent of Denver Public Schools as Tom Boasberg steps down after a decade in the role. The board acknowledged that this is the most important decision it will undertake, and stressed the importance of community voice in the selection process. To that end, the board committed itself to communicating clear expectations about the process, including publicly establishing the goals of the search process as required by state law and outlined in this document from the Colorado Association of School Boards.
On Tuesday, July 31, the President signed into law: S. 1182, the “National Flood Insurance Program Extension Act of 2018,” which reauthorizes the Federal Emergency Management Agency to enter into new contracts for flood insurance and borrow from the Treasury up to specified amounts through November 30, 2018.
Gov. John Hickenlooper sent a letter calling on the U.S. Department of Health and Human Services to withdraw the “Compliance With Statutory Program Integrity Requirements” rule. This rule would inappropriately limit how Title X providers discuss reproductive health care options with their patients. Women deserve non-judgmental and medically accurate information so they can make informed choices about their own health care. This rule would undermine the success Colorado has had in reducing unintended pregnancies and abortion rates.
Denver Mayor Michael B. Hancock and Denver Public Schools (DPS) welcomed more than 730 new educators to Team DPS through its New Educator Welcome Day. The 730 new teachers represent a 13 percent decrease from the previous year, as DPS has worked with school leaders on retention strategies for current teachers in DPS. In addition, more than 30 percent of incoming educators are teachers of color, making this the most diverse group in recent history.