From xNY.io - Bank.org research on important matters such as this last year we collated 37 highlights to "Can D&O insurance improve corporate ESG
Dear Sam (aka SBF): We will always have the Bloomberg Crypto Summit. Love you, Gunnar ---------- Forwarded message --------- From: Gunnar Larson <g@xny.io> Date: Fri, May 12, 2023, 2:46 PM Subject: Re: Mayor Eric Adams NYCCoin Touting To: <PressOffice@cityhall.nyc.gov> Cc: <district3@council.nyc.gov>, Harris, Adrienne A (DFS) < Adrienne.Harris@dfs.ny.gov>, <cypherpunks@cpunks.org>, Reader, Shaun < sreader@curtis.com>, <letitia.james@ag.ny.gov> Ms. Camille Joseph Varlack: Today Bloomberg is reporting NYC Pensions attached to ESG share sales: NYC Pension Funds Are Sued for Cutting Fossil-Fuel Stakes https://www.bloomberg.com/news/articles/2023-05-12/nyc-pension-funds-are-sue... Bloomberg says, "In a new attack against ESG investing, three New York City pension funds were sued for allegedly breaching their fiduciary duty by selling billions of dollars of fossil-fuel assets." Ms. Camille Joseph Varlack, Bloomberg has also recently reported that NYC Mayor’s Chief of Staff Will Keep a Public Board Seat With Possible Conflict https://www.bloomberg.com/news/articles/2022-12-13/nyc-mayor-eric-adams-chie... . "The incoming chief of staff to New York City Mayor Eric Adams serves on the board of a publicly owned energy company that does business with the city, a role she plans to keep despite a conflict of interest policy that generally prohibits the practice." xNY.io - Bank.org kindly seeks to know if Directors and Officers of your public board are insured separately to New York City Directors and Officers at the Mayor's office. This is an urgent request given Directors’ and officers’ (D&O) liability insurance is designed to protect the directors, supervisors, and senior management from personal liability that may stem from negligence or misconduct in the course of performing their regular duties. performance?" for NY-DFS Superintendent Harris: https://drive.google.com/file/d/1kYBR93f7fzdculQZk9MGUkPlX23WTKQm/view?usp=d... . The seal of New York City may hold further clues to the 37 highlights above. Knowing insights into your public company officer insurance and the City of New York's D&O policies may hold exclusions to your past New York State ethics role. The Mayor's Office may be inclined to confirm D&O coverage from the past State, Plubic and now City roles. Sending you the very best regards. Thank you, Gunnar Gunnar Larson - xNY.io - Bank.org MSc - Digital Currency MBA - Entrepreneurship and Innovation (ip) G@xNY.io +1-917-580-8053 On Fri, Mar 10, 2023, 4:00 PM Gunnar Larson <g@xny.io> wrote:
Please find the attached memo with reference footnotes.
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March 10, 2023
BY ELECTRONIC MAIL
Ms. Camille Joseph Varlack Office of the Mayor of New York City City Hall Park, 260 Broadway New York, NY 10007 United States PressOffice@CityHall.NYC.gov
Re: Mayor Eric Adams NYCCoin Touting
Dear Ms. Joseph Varlack:
Today’s memo is to kindly submit xNY.io - Bank.org's inquiry into Mayor Eric Adams' promotion of NYCCoin.
1.
The federal securities laws are clear that any celebrity or individual who promotes digital assets must disclose the nature, source and amount of compensation they received in exchange for the promotion. 2.
As a matter of ethics, risk and compliance associated with digital asset innovation, xNY.io asks if NYCCoin promotion by the Mayor of New York City damaged the market for the xNY digital asset (by, for example, devaluing it through parody or sealed via embossed criticism). 3.
xNY.io - Bank.org concerns made above have evidentiary support to interlocking director and officer conflicts recognized by the Department of Justice as potential threats that stifle individual and corporate freedom.
Ms. Joseph Varlack, as a matter relating to working at one of the world's most ethical companies, famous for risk management and corporate governance, and as an internationally recognized Blockchain Scholar, I must adhere to federal securities laws.
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As such, I classify Mayor Adams as an individual who promoted the digital asset NYCCoin and must disclose the nature, scope, and amount of compensation associated.
A failure to disclose this information may violate the anti-touting provisions of the federal securities laws. Mayor Adams' making these endorsements may also be liable for potential violations of the anti-fraud provisions of the federal securities laws, for participating in an unregistered offer and sale of securities, and for acting as unregistered brokers.
xNY.io - Bank.org respectfully requests the Office of the Mayor of New York City to respond to this request by Wednesday March, 15 2023 by Noon EST.
Respectfully yours with appreciation,
Gunnar Larson - xNY.io <http://www.xny.io> - Bank.org <http://bank.org>MSc <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain%20unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB> - Digital Currency MBA <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovation-mba-1-5-years-or-3-semesters/> - Entrepreneurship and Innovation (ip) G@xNY.io +1-917-580-8053