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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.
by Solomon Oladipupo
Institutional FX

US Regulator Adopts Rules to Enforce Single-Day Securities Settlement

  • The SEC sets May 28, 2024, as the compliance date.
  • The securities regulator started enforcing the current T+2 cycle in 2017.
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.
by Solomon Oladipupo
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.
by Solomon Oladipupo
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.
by Solomon Oladipupo
Institutional FX

US SEC Recovers Record $6.4bn in Penalties and Disgorgement in FY22

  • The number of recovered funds shot up 67% from the prior year's $3.9 billion.
  • The SEC paid a record $229 million to whistleblowers in FY22.
by Solomon Oladipupo
Regulation

US SEC Awards $10M to Whistleblower Months after Programme Amendment

  • The regulator has issued a number of whistleblower awards in 2022.
  • It announced two amendments to its whistleblower programme in late August.
by Solomon Oladipupo
CryptoCurrency

US SEC Probes Yuga Labs to Determine If Bored Ape NFTs Are Securities

  • Yuga Labs has not been accused of any wrongdoing.
  • The firm has reportedly pledged to cooperate with the regulator.
by Solomon Oladipupo
Institutional FX

FINRA Penalizes UBS Securities $2.5M for 73,000 ‘Naked’ Short Sales

  • The violations occurred between 2009 and 2018.
  • The US SEC recently fined UBS Securities $125 million alongside 14 other broker-dealers.
by Solomon Oladipupo
Institutional FX

16 Wall Street Firms to Pay $1.1B for 'Off-Channel Communications'

  • The firms include Barclay Capital, BofA, Citigroup and Goldman Sachs, among others.
  • The violation happened between January 2018 and September 2021.
by Solomon Oladipupo
Regulation

Oracle to Pay $23M to Settle Bribery Charges against Asian Subsidiaries

  • The US SEC fingered Oracle's subsidiaries in Turkey, UAE and India in its investigation.
  • The regulator penalized Oracle $2 million in 2012 for the same offence.
by Solomon Oladipupo
Retail FX

US SEC Records First Case of Broker-Dealer Municipal Advisor Violation

  • The regulator fined Loop Capital Markets $100k.
  • The broker-dealer advised a city on fixed income securities without being registered.
by Solomon Oladipupo
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