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CryptoCurrency

SEC Opens Door to Tokenized Securities, Hester Peirce Says Regulator Ready to Talk

  • The Republican commissioner urges firms to engage with the regulator on blockchain-based assets.
  • However, questions remain about how digital tokens interact with traditional security forms.
Tuesday, 30/09/2025 | 06:12 GMT by Damian Chmiel
Regulation

Russian Citizen Accused of $31 Million Multi-Year US Brokerage Account Fraud

  • The SEC charged Dmitrii Kushnarev with running a seven-year scheme that hacked hundreds of U.S. brokerage accounts to manipulate stock and options prices.
  • The 58-year-old allegedly used 23 fake identities with fake European citizenships to open dozens of trading accounts and avoid detection.
Thursday, 25/09/2025 | 06:15 GMT by Damian Chmiel
Regulation

SEC and CFTC Hit Fraudsters with $4M in Penalties in One Day

  • Financial regulators secure major settlements against three separate firms involved in investor fraud and market manipulation schemes.
  • Moreover, the enforcement actions resulted in lifetime trading bans, prison sentences, and millions in victim restitutions.
Thursday, 18/09/2025 | 06:40 GMT by Damian Chmiel
Regulation

Winklevoss Twins Strike Deal to End SEC's $900M Crypto Case

  • Gemini crypto exchange reaches an agreement in principle with the regulator over the Earn program.
  • The resolution would end a nearly three-year dispute stemming from unregistered securities allegations.
Tuesday, 16/09/2025 | 06:39 GMT by Damian Chmiel
Regulation

Paul Atkins Slams Biden SEC: "It Would Shoot First and Ask Questions Later"

  • The new Commissioner is scrapping the former administration's aggressive enforcement approach, promising to warn businesses about technical violations before taking action.
  • The regulator is also preparing crypto-friendly rules as Trump pushes to make America the "crypto capital of the world."
Monday, 15/09/2025 | 06:19 GMT by Damian Chmiel
Regulation

Fake Trading Guru Used YouTube Channel to Lure $18 Million In Alleged Ponzi Scheme

  • SEC claims Arsalan Rawjani targeted the North Texas Ismaili Muslim community with a fake trading program.
  • The scheme collapsed in late 2023 after three years of operations using investor money for personal expenses.
Tuesday, 09/09/2025 | 06:23 GMT by Damian Chmiel
Regulation

SEC Investigators Spent 6 Years on Swedbank Case, Found No Evidence Against the Banking Giant

  • The Swedish creditor clears one hurdle, but two U.S. investigations continue.
  • Potential penalties from remaining probes could reach $1 billion, analysts warn.
Monday, 08/09/2025 | 08:03 GMT by Damian Chmiel
Regulation

SEC Settles $4.7 Million Fraud Case Against Vegas Trading Firm

  • The Nevada trio faces $2.6 million penalty for a reportedly fake algorithmic trading scheme.
  • Moreover, in a separate Ponzi-like case, the “investment club” manager pays $3.7 million.
Monday, 08/09/2025 | 06:36 GMT by Damian Chmiel
Retail FX

U.S. Watchdog Targets Cross-Border Fraud with Dedicated Unit

  • The agency is considering additional measures, including new disclosure requirements and rule changes to enhance investor protection.
  • Market manipulation tactics, including “pump-and-dump” and “ramp-and-dump” schemes, are among the task force’s main priorities.
Friday, 05/09/2025 | 18:29 GMT by Jared Kirui
CryptoCurrency

Kraken Seeks SEC Blessing for 24/7 Tokenized Stock Trading Platform

  • The exchange seeks regulatory clarity for blockchain-based asset tokenization amid industry pushback.
  • The World Federation of Exchanges warned that blockchain-based stock tokens pose risks to investors and could damage market integrity.
Tuesday, 26/08/2025 | 07:00 GMT by Damian Chmiel
Regulation

Investment Guru's 4,000% Annual Return Promise Costs Investors $2 Million

  • A trading adviser who promised impossible returns was hit with default judgments totaling over $160,000.
  • His schemes targeting passive income seekers collectively cost investors at least a few million dollars.
Monday, 25/08/2025 | 14:46 GMT by Damian Chmiel
Regulation

Dead Fraudster's Widow Pays $3.8M to Victims of $29M Ponzi Scheme

  • The widow agrees to disgorge funds from her husband's fraudulent investment operation that bilked investors of millions.
  • Swensen promised guaranteed 5% returns while actually using investor funds for personal expenses, including aircraft and real estate.
Wednesday, 20/08/2025 | 05:54 GMT by Damian Chmiel
Regulation

How One Trader's Spoofing Scheme Cost Him $357K in Penalties

  • SEC says Ryan Cole used fake orders to manipulate thin options markets while working at a financial firm.
  • He will now have five years to reflect on his actions, which have been illegal in the United States since 2010.
Tuesday, 12/08/2025 | 06:42 GMT by Damian Chmiel
Executive Moves

Atkins Installs New Team, Adds Four Industry Veterans as SEC Undergoes Major Restructuring

  • The SEC announced major appointments as Chairman Atkins continues reshaping the agency's senior ranks with experienced execs.
  • The changes signal Atkins' broader shift away from the enforcement-heavy approach of his predecessor.
Monday, 16/06/2025 | 06:56 GMT by Damian Chmiel
Institutional FX

SEC Reopens Door to Swiss Asset Managers After Years of Regulatory Freeze

  • The earlier pause in registrations stemmed from SEC concerns over regulatory oversight.
  • The updated arrangement enables Switzerland-based advisers to submit required documents directly to the SEC.
Tuesday, 10/06/2025 | 20:06 GMT by Jared Kirui
CryptoCurrency

SEC Chair Paul Atkins Wants to Let DeFi Thrive With Fewer Rules

  • Atkins directed SEC staff to explore exemptions or new guidance that would allow decentralized finance platforms to operate with fewer barriers.
  • This marks a departure from previous SEC leadership, which relied heavily on enforcement actions and broad interpretations of securities laws.
Monday, 09/06/2025 | 21:04 GMT by Jared Kirui
Executive Moves

SEC Appoints New Acting Inspector General Katherine Reilly in Top-Tier Position

  • Experienced attorney takes over watchdog position as Deborah Jeffrey retires.
  • She will serve a key oversight role that reports directly to both the Commission and Congress.
  • Reilly brings extensive experience from multiple federal agencies.
Tuesday, 20/05/2025 | 06:40 GMT by Damian Chmiel
Regulation

Investor Hacked the SEC Twitter With Just a Fake ID, Now He Will Spend 14 Months in Prison

  • An Alabama man who used a counterfeit ID to execute a SIM swap and hijack the SEC's social media account has been sentenced.
  • His actions caused significant Bitcoin market volatility through a false ETF approval announcement in January.
Monday, 19/05/2025 | 07:52 GMT by Damian Chmiel
Regulation

Dallas Trio Charged in $91 Million Ponzi Scheme, SEC Says

  • The institution alleges they misled over 200 investors with false promises of high returns and risk-free investments.
  • “We remain unwavering in our commitment to hold individuals accountable for defrauding investors,” SEC commented.
Wednesday, 30/04/2025 | 06:52 GMT by Damian Chmiel
CryptoCurrency

SEC Ends PayPal's Stablecoin (PYUSD) Investigation With No Enforcement Action

  • The SEC has closed its investigation into PayPal’s stablecoin PYUSD, following similar recent decisions to end probes into crypto companies.
  • In the meantime, PayPal reports strong earnings and launches new crypto initiatives.
Wednesday, 30/04/2025 | 06:30 GMT by Damian Chmiel
Regulation

SEC Alleges PGI's Forex Operations Diverted $57 Million to Fund Luxury Lifestyle

  • The SEC has charged Ramil Palafox with running a $198 million fraudulent crypto and FX scheme.
  • The company allegedly misappropriated $57 million for personal luxuries while operating a Ponzi-like payment structure.
Wednesday, 23/04/2025 | 06:50 GMT by Damian Chmiel
Regulation

SEC to Lose 10% of Staff as $50K Buyout Program Attracts 500 Employees

  • The SEC faces a significant downsizing as approximately 500 employees accept Trump-Musk's $50,000 buyout offers.
  • Critics argue these cuts contradict effective government operations as the SEC consistently generates more in fees than operating expenses.
Monday, 24/03/2025 | 08:03 GMT by Damian Chmiel
CryptoCurrency

SEC Clarifies Crypto Mining Rules: Proof-of-Work Doesn’t Violate Securities Law

  • This clarification confirms that mining on public, permissionless networks is not subject to securities regulations.
  • CFTC has already classified Bitcoin, Litecoin, and Dogecoin as commodities rather than securities.
Thursday, 20/03/2025 | 20:55 GMT by Jared Kirui
Regulation

Uyeda Transforms SEC in 60 Days, Experts Warn Agency May “Face a Death by 1,000 Cuts”

  • The agency is undergoing a dramatic transformation under interim chief Mark Uyeda.
  • He has already reversed numerous policies ahead of Trump nominee Paul Atkins' confirmation.
  • Financial regulation experts, however, have expressed concerns, warning that the agency could become “a shell of its former self.”
Wednesday, 19/03/2025 | 07:36 GMT by Damian Chmiel
Regulation

Trump’s Workforce Cuts Hit SEC: Quit Your Job, Get $50K

  • The SEC is offering a $50,000 incentive for eligible employees to voluntarily resign or retire by April 4 as part of federal downsizing initiatives.
  • This comes amid broader efforts to streamline the workforce under the Trump administration’s efficiency drive led by Musk.
Tuesday, 04/03/2025 | 06:55 GMT by Damian Chmiel
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