sec
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
- Craig Allen could have misappropriated at least $2.64 million from the fund and its investors.
- The Commission seeks penalties and a bar against his participation in the securities market.
Thursday, 25/04/2024 | 08:09 GMT by
Damian Chmiel
Coinbase Draws Support from Allies in Push for Regulatory Clarity from the SEC
- The crypto exchange emphasized the importance of predictable regulations to enhance compliance in the industry.
- The outcome of the legal dispute between Coinbase and the SEC is expected to significantly impact the crypto industry.
Tuesday, 19/03/2024 | 17:57 GMT by
Jared Kirui
SEC Hits Genesis with $21 Million Penalty over Unregistered Crypto Lending Program
- Gemini Earn program promised interest payments on crypto assets loaned to Genesis before collapsing in 2022.
- According to the SEC, this offering violated disclosure requirements meant to protect investors.
Tuesday, 19/03/2024 | 13:37 GMT by
Jared Kirui
US Senators Urge SEC to Halt Crypto ETP Approvals Due to Disclosure Concerns
- Senators Jack Reed and Laphonza Butler warned of the risks retail investors could face from crypto ETPs.
- The legislators cited a survey that reveals that 70% of brokers' communications with retail investors violated disclosure rules.
Friday, 15/03/2024 | 14:42 GMT by
Jared Kirui
SEC Hits TradeStation Crypto with $1.5 Million Penalty over Unregistered Services
- TradeStation intends to terminate its services in the US on February 22, 2024.
- The company will pay an additional $1.5 million to settle similar charges by state regulatory authorities.
Wednesday, 07/02/2024 | 20:17 GMT by
Jared Kirui
Zipmex under Scrutiny: Thailand Orders Suspension over Financial Irregularities
- The concerns highlighted by Thailand's regulator include issues related to capital maintenance and business structure.
- Zipmex is required to adhere to specific corrective actions, including rectifying its financial position.
Friday, 02/02/2024 | 13:18 GMT by
Jared Kirui
SEC's Grewal to Pursue a Culture of Proactive Compliance
- Grewal: “Public trust in our institutions is faltering."
- He provided clear rules for companies to follow in terms of compliance.
- Grewal also outlined how companies could enhance their compliance initiatives.
Thursday, 25/01/2024 | 11:47 GMT by
Harriet Christie
SEC Bolsters Investor Safeguards in Latest SPAC Regulations
- The new regulations focus on adequate disclosures and heightened issuer obligations.
- The SEC aims to enhance investor protection with new requirements for adequate information about target companies.
Wednesday, 24/01/2024 | 17:10 GMT by
Jared Kirui
SEC's Twitter Account "Compromised" in False Bitcoin ETF Announcement
- Gary Gensler clarified the stance of the SEC after a tweet falsely claimed approval for spot Bitcoin ETF.
- This development led to volatility in the price of Bitcoin, which surged to over $47,000.
Tuesday, 09/01/2024 | 22:10 GMT by
Jared Kirui
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