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Securities and Exchange Commission

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Op-ed

Retail FX

Op-ed

Data Volumes Are Growing Rapidly, and so is the Need to Archive Them

Record-Keeping Requirements Continue to Intensify.
4 digital archiving trends that will shape the remainder of 2023.

Thursday, 23/03/2023 | 20:05 GMT by Harriet Christie

Regulation

Coinbase Expects Enforcement Action amid SEC's Wells Notice

The Wells Notice only shows the intention of the SEC staff to bring an enforcement action.
Coinbase executives criticized the regulator for being opaque.

Thursday, 23/03/2023 | 06:10 GMT by Arnab Shome

CryptoCurrency

SEC Hits TRON Founder Justin Sun, 8 American Celebrities with Charges

The regulator accused Sun of engaging in wash trades with TRX token.
The celebrities were charged for promoting TRX and BTT without disclosing compensation.

Wednesday, 22/03/2023 | 21:17 GMT by Solomon Oladipupo

Institutional FX

US Wants Financial Services to Get Rid of Paper

The SEC says electronic submission was "generally well received" during COVID-19 period.
The regulator is accepting public feedback on proposed amendments until May 22.

Wednesday, 22/03/2023 | 18:36 GMT by Solomon Oladipupo

CryptoCurrency

Coinbase Wants to Convince SEC Staked Tokens Are Not Securities

In 'Petition for Rulemaking', Coinbase convinces that 'staking services are not a monolith'.
The exchange states that SEC actions may decrease the US crypto market competitiveness.

Tuesday, 21/03/2023 | 10:18 GMT by Damian Chmiel

Institutional FX

SVB Financial Executives' Share Sales under Scrutiny in Ongoing SEC and DoJ Probes

DoJ and SEC join Fed in examining the SVB's crisis.
Investigations include reviewing SVB Financial executives' shares sales before the collapse.

Wednesday, 15/03/2023 | 09:43 GMT by Damian Chmiel

Institutional FX

Signature Bank Faced Criminal Probe in the US Before Collapse: Report

Federal prosecutors and the SEC were looking into the operations of the bank.
The investigators were concerned over AML lapses.

Wednesday, 15/03/2023 | 07:00 GMT by Arnab Shome

Institutional FX

Credit Suisse Highlights "Material Weakness" in Delayed Annual Report

The lender's shares are testing all-time lows.
The collapse of SVB only makes the troubled bank's situation worse.

Tuesday, 14/03/2023 | 10:43 GMT by Damian Chmiel

CryptoCurrency

SEC Busts BKCoin for Running $100M 'Ponzi-Like Scheme'

The scheme made Ponzi-like payments with more than $3.8 million.
One co-founder used at least $371,000 for personal expenses.

Tuesday, 07/03/2023 | 06:56 GMT by Arnab Shome

CryptoCurrency

US Regulators Charge FTX’s Senior Executive Nishad Singh with Fraud

Associates Caroline Elison and Gary Wang pleaded guilty in December last year.
Samuel Bankman-Fried pleaded not guilty to eight count charges in early January.

Tuesday, 28/02/2023 | 20:51 GMT by Solomon Oladipupo

CryptoCurrency

SEC Is after Robinhood’s Crypto Listings

The crypto arm of Robinhood received a subpoena from the SEC last December.
The regulatory interest came after a series of collapses in the crypto industry.

Tuesday, 28/02/2023 | 05:48 GMT by Arnab Shome

CryptoCurrency

Former NBA Star Paul Pierce Pays $1.4M Fine for Endorsing EMAX Tokens

EMAX tokens, offered and sold by EthereumMax, were unregistered securities.
The SEC earlier charged Kim Kardashian for promoting the same tokens.

Monday, 20/02/2023 | 07:38 GMT by Arnab Shome

CryptoCurrency

SEC Charges Terraform Labs and CEO Do Kwon for "Securities Fraud"

The charges blamed them for running a fraudulent scheme.
The whereabouts of Do Kwon are currently unknown.

Friday, 17/02/2023 | 06:22 GMT by Arnab Shome

Op-ed

CryptoCurrency

Op-ed

Coinbase Takes a Stand Against the SEC

Regulators are increasing the pressure on crypto companies, including Kraken and Paxos.
Coinbase’s defense of its staking services may start a pushback from the crypto industry.

Tuesday, 14/02/2023 | 15:30 GMT by Sam White

CryptoCurrency

Kraken Shuts Staking-as-a-Service in US amid $30M SEC Settlement

The exchange will continue to offer staking for non-US customers.
The SEC raised concerns about the risks of staking-as-a-service platforms.

Friday, 10/02/2023 | 06:54 GMT by Arnab Shome

CryptoCurrency

Kraken Faces SEC Probe over Unregistered Securities Listings

Neither the regulator nor the exchange officially confirmed the investigation.
The probe is believed to be in advanced stages with possibilities of a settlement.

Thursday, 09/02/2023 | 07:31 GMT by Arnab Shome

FinTech

Morgan Stanley Fines Employees Up to $1M for Messaging Breaches

The banker agreed to pay $125M to SEC five months ago to resolve a similar case.
16 Wall Street firms agreed to pay a combined $1.1 billion in 2022 to settle with the SEC.

Thursday, 26/01/2023 | 15:48 GMT by Solomon Oladipupo

Institutional FX

SEC Fines Bloomberg $5M over Disclosure Failure on Fixed Income Prices

The alleged violation occurred between at least 2016 and October 2022.
The SEC said Bloomberg agreed to settle without admitting or denying its findings.

Monday, 23/01/2023 | 21:34 GMT by Solomon Oladipupo

CryptoCurrency

Crypto Lender Nexo Fined $46.5M for US Securities Law Violations

The company agreed to the settlement, paying the monetary penalty.
It is also facing a criminal investigation in Bulgaria.

Friday, 20/01/2023 | 06:38 GMT by Arnab Shome

CryptoCurrency

SEC Takes Gemini, Genesis to Court for Selling Unregistered Securities

Genesis halted the withdrawals amid a liquidity crunch.
It owes about 340,000 Gemini Earn customers almost $900 million.

Friday, 13/01/2023 | 08:29 GMT by Arnab Shome

News

US SEC Charges Individuals behind $45M Blockchain Fraud CoinDeal

The complaint named five individuals and three entities.
The fraudulent scheme defrauded "tens of thousands of investors."

Thursday, 05/01/2023 | 11:16 GMT by Arnab Shome

Retail FX

SEC Busts $4.3 Million FX Ponzi Schemes

The two schemes, Avail Progression and Elite Generators, dupped over 100 investors.
The operator of the schemes did not invest any proceeds.

Monday, 19/12/2022 | 06:19 GMT by Arnab Shome

FinTech

SEC Charges 8 Twitter Influencers with $100M Pump-and-Dump Fraud

The influencers allegedly used Twitter and Discord to manipulate exchange-traded stocks.
One of the influencers, Daniel Knight, was accused of aiding and abetting.

Wednesday, 14/12/2022 | 21:10 GMT by Solomon Oladipupo

Institutional FX

Virtu Financial Sues SEC over Failed FOIA Requests

The company sought details on the rulemaking process last June.
It is now concerned over the transparency of the regulator.

Wednesday, 30/11/2022 | 05:10 GMT by Arnab Shome

CryptoCurrency

US SEC Starts Administrative Proceedings against American CryptoFed

American CryptoFed registered Ducat and Locke tokens in September 2021.
The firm's application to withdraw its registration in May 2022 was rejected.

Friday, 18/11/2022 | 20:51 GMT by Solomon Oladipupo

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