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CryptoCurrency
SEC's Response Spurs Bitcoin ETF Amendments by BlackRock, VanEck
2024-01-09T16:03:05.219+02:00
These amendments aim to address the protection of shareholders in insolvency situations.
The financial landscape anticipates the approval of a spot Bitcoin ETF by the SEC.
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CryptoCurrency
Bitcoin ETF Deadline Week: SEC Chief Warns on Crypto Investments
2024-01-08T20:48:46.678+02:00
Gary Gensler has warned of high risks in crypto investments.
Fraudulent schemes loom in the rising popularity of cryptocurrencies.
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CryptoCurrency
"BlackRock Definitely Has the Right Advisors for Bitcoin ETF": Legal Expert Dr Zvi Gabbay
2023-12-22T18:25:11.416+02:00
In the second part of the interview, Dr Gabbay admires the EU's crypto approach and noted that the US is pushing away the crypto business.
"This is also the opportunity for politicians to step in and start offering their solutions."
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Retail FX
24 Million Americans Gain Entry to Investing Market for the Elites
2023-12-20T17:13:05.053+02:00
Inflation increases the number of US-accredited investors by 18.5%.
Many of them choose gold as an alternative investment.
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Institutional FX
DTCC Pledges Compliance with SEC’s New Treasury Regulations
2023-12-14T19:14:26.706+02:00
The SEC plans to mandate central clearing for US Treasury cash and repo markets by a specific deadline.
DTCC has issued a statement highlighting its plans to comply with the amended regulations.
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CryptoCurrency
"The SEC Is Wrong and They're Already Paying for it": Regulatory Expert Zvi Gabbay
2023-12-13T18:27:25.400+02:00
In the two-part interview, Dr. Gabbay discusses the approach of the SEC towards crypto regulation from a legal point of view.
"What's amazing is that they go ahead and file a complaint against Kraken, which shows that they're not hearing the message”.
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FinTech
Apex Fintech Solutions Renews IPO Plans, Files Documents with the SEC
2023-12-12T16:39:33.967+02:00
The company has confidentially submitted Form S-1 to the regulator for a potential IPO.
Details about the number of shares, prices, and final offerings remain undisclosed.
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Retail FX
SEC Targets Five Brokers in $525M Investment Fraud Scheme
2023-12-07T16:45:45.471+02:00
Defendants allegedly pocketed $88M in undisclosed fees from investors.
These offerings drew investments from more than 4,000 individuals globally.
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Retail FX
News Nuggets | 28 November: Ledger Partners with YouHodler; KX Launches AI Server
2023-11-28T13:42:10.499+02:00
Also, FCA warned against two clone firms; Mastercard and Warply teamed up in MENA.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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CryptoCurrency
BlackRock Files Prospectus for Spot Ether ETF with SEC
2023-11-16T19:28:36.583+02:00
Ether briefly surged on the news amid optimism about ETF developments.
BlackRock is anticipating SEC's feedback on its application for a spot Bitcoin ETF.
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Retail FX
News Nuggets | 16 November: Fortex Integrates with StoneX; XS.com Appoints Country Manager
2023-11-16T13:17:05.688+02:00
Wedbush Securities was fined $350,000; the SEC charged traders following a fraud valued at $1.5 million.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
SEC Distributes $1 Billion to Harmed Investors in 2023
2023-11-15T11:22:40.846+02:00
SEC escalates enforcement with 784 actions in FY23.
The regulator also paid out a record number of rewards to whistleblowers.
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CryptoCurrency
SEC Accuses Bitwise's Ex-CEOs of Alleged $70 Million Deception Scheme
2023-11-09T21:34:57.804+02:00
The allegations revealed the extent of deception as the startup faced financial turmoil.
Criminal charges were also filed by the US Attorney's office in a separate charge.
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CryptoCurrency
Ripple Capitalizes on SEC Victory, Bolsters Cross-Border Payment Services
2023-11-08T23:21:18.456+02:00
The company aims to enhance crypto financial infrastructure for businesses.
Ripple offers access to a vast network of over 70 cryptocurrencies.
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CryptoCurrency
SEC's Plan to Expedite Trades Casts Uncertainty over ETFs: Report
2023-11-06T20:28:35.648+02:00
The upcoming SEC's change of rules aims to speed up settlement time for securities.
Approximately $1 trillion in ETFs are at risk due to the changes.
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Institutional FX
SEC Unveils New Rules to Boost Security-Based Swap Market Transparency
2023-11-02T21:54:35.834+02:00
Entities that qualify as SBSEFs must apply for registration with the SEC.
The SEC seeks to align the new regulations with the CFTC.
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CryptoCurrency
SafeMoon Executives Hit with SEC Charges for Alleged "Massive Fraudulent Scheme"
2023-11-01T23:19:13.562+02:00
The regulator is accusing SafeMoon's team of unregistered sale of SFM tokens.
SFM price surged over 55,000 percent in 2021.
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Retail FX
Gain Capital’s $236 Million Deal That Led to an Insider Trading Scandal
2023-10-31T11:30:34.920+02:00
The former executive at StoneX Financial has settled insider trading charges.
They stem from trading activities involving GAIN Capital Holdings before its acquisition.
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Retail FX
SEC to Prohibit Volume-Based Transaction Pricing among Stock Brokers
2023-10-18T22:37:26.483+02:00
The regulator had introduced a new proposal aimed at enhancing transparency.
The SEC seeks to level the playing field for broker-dealers of all sizes.
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Retail FX
News Nuggets | 4 October: SEC Halts Ponzi Scheme; FCA Updates Warning List
2023-10-04T11:28:49.833+02:00
Also, ClearBank broadens its Board; ABN Amro sells a stake in EMS to Fiserv.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Institutional FX
SEC's $79 Million Crackdown: 10 Firms Hit with Recordkeeping Failures
2023-09-29T22:52:27.618+02:00
The SEC charged the financial firms for alleged electronic communication failures.
The regulator discovered widespread off-channel communications within the companies.
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CryptoCurrency
Gemini’s Founders Face Scrutiny over $280M Crypto Withdrawal amid Genesis Crisis
2023-09-28T19:06:50.192+02:00
This move raised questions about whether the funds were personal or corporate assets.
The timing of their withdrawal, just before the Genesis crisis, has raised controversy.
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CryptoCurrency
Do Kwon Fights Back: Opposes SEC's Terraform Labs Probe
2023-09-28T16:14:21.008+02:00
Kwon's lawyers argue that bringing him to the US for questioning is impossible.
The SEC seeks to interview Kwon regarding the collapse of TerraUSD stablecoin.
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Retail FX
News Nuggets | 28 September: NiceHash Exits UK; CFTC Awards Whistleblower over $300,000
2023-09-28T10:44:19.879+02:00
Also, ASIC secures financial penalties for reporting failures; SEC charges for insider trading.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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CryptoCurrency
SEC under Fire: Congress Considers Subpoena for FTX Documents
2023-09-27T20:46:36.327+02:00
The US House Committee has accused the SEC of a lack of transparency in FTX's case.
Gensler has defended the Commission's actions, saying they protect investors.
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