US SEC
SEC Fines Vanguard $106 Million Over “Investor TRFs Tax Consequences”
- The SEC found 2020–2021 prospectuses “misleading” for not disclosing capital gains from switches to Institutional TRFs.
- The settlement resolves investigations by New York, Connecticut, New Jersey, and a $40 million class action.
Friday, 17/01/2025 | 17:51 GMT by
Tareq Sikder
ASIC Mandates Stricter Compliance for Australian Firms: Highlighting Voice Communication
- The guidance stresses close supervision of representatives to ensure compliance with internal policies and external regulations.
- ASIC’s new rules reflect US regulatory actions, targeting greater transparency and stricter enforcement in financial communications.
Thursday, 16/01/2025 | 11:18 GMT by
Harriet Christie
Why Is XRP Going Up Today? Price Rises 5.9% amid SEC Appeal Speculation
- The SEC's 15th January deadline for the Ripple appeal has drawn attention, with speculation the appeal may not proceed.
- Binance, Bybit, and OKX reported large XRP outflows, while Coinbase saw over $65 million in inflows from US investors.
Tuesday, 14/01/2025 | 10:20 GMT by
Tareq Sikder
Donald Trump In, Gary Gensler Out: SEC Boss to Leave Office on Inauguration Day
- Trump previously pledged to remove Gensler, whose leadership has been marked by stringent regulations for cryptocurrencies.
- SEC has praised Gensler for spearheading reforms, especially in the capital markets.
Thursday, 21/11/2024 | 18:40 GMT by
Jared Kirui
Who Replaces SEC Chairman Gary Gensler? Trump's Team Weighs Candidates
- “Traditionally, presidents decide who chairs the SEC,” Gensler indicated a possible departure.
- Former SEC officials Dan Gallagher, Paul Atkins, and Commissioner Mark Uyeda, all critics of current crypto policies, are potential replacements.
Monday, 11/11/2024 | 15:36 GMT by
Tareq Sikder
SEC Grants Approval for 11 Spot Bitcoin ETFs to Trade Options on NYSE
- Institutional investors can now use options on Bitcoin ETFs to hedge crypto positions.
- Options are derivatives allowing holders to buy or sell assets at a set price by a specific date.
Saturday, 19/10/2024 | 09:04 GMT by
Tareq Sikder
Ripple Custody Division Debuts for Banks and Fintech amid SEC Appeal over XRP
- The firm's custody services reported over 250% growth and aim to compete with custodians like Coinbase and Fireblocks.
- The custody market is projected to reach $16 trillion by 2030, highlighting growth in digital assets.
Thursday, 10/10/2024 | 09:06 GMT by
Tareq Sikder
SEC Claims Lejilex’s Lawsuit Seeks to “Redefine Crypto as Non-Security”
- Lejilex states it will facilitate crypto transactions and not sell securities, and it also accuses the SEC of overreach.
- Coinbase's legal officer criticized the SEC's “inconsistent arguments” on digital assets.
Friday, 04/10/2024 | 11:24 GMT by
Tareq Sikder
SEC Imposes $9M Penalties on Harvest and Merrill Lynch over Investor Risk Violations
- According to SEC, Merrill Lynch introduced clients to Harvest and collected fees.
- Both firms let CYES accounts exceed exposure limits, causing higher fees and investor losses.
Wednesday, 25/09/2024 | 14:07 GMT by
Tareq Sikder
SEC Reiterates Binance’s Illegal Operations, Highlights “Lack of Disclosure”
- The SEC alleges Binance operated illegally as an unregistered exchange, broker-dealer, and clearing agency.
- Criticism emerges as the SEC admits “crypto asset security” lacks a formal definition.
Friday, 13/09/2024 | 15:46 GMT by
Tareq Sikder
eToro USA Settles with SEC for $1.5M and Restricts Crypto Trading: Eyes US IPO
- As part of the settlement, eToro will limit crypto trading in the US to Bitcoin, Bitcoin Cash, and Ether.
- US customers will have 180 days to sell other crypto assets before they are removed from the platform.
Thursday, 12/09/2024 | 14:18 GMT by
Tareq Sikder
Ripple’s Lawyer Criticizes SEC’s Use of “Crypto Asset Security” as “Fabricated Terms”
- The SEC warned it may challenge FTX's use of stablecoins for creditor repayments, citing “crypto asset securities.”
- He pointed to a 1976 SEC ruling where an art gallery didn't need to register, despite buyers having investment motives.
Tuesday, 03/09/2024 | 09:28 GMT by
Tareq Sikder
Regulators’ Future Directions for AI: Potential Conflicts of Interest
- FINRA warns of AI as an emerging risk, stressing the need for thorough review of AI-generated content.
- SEC targets ‘AI-washing,’ addressing firms that exaggerate AI use to mislead investors.
Monday, 12/08/2024 | 10:58 GMT by
Harriet Christie
SEC, MSRB, and FINRA Gear Up for Municipal Market Compliance Program
- Municipal advisors and dealers can attend in person or virtually to learn about regulatory updates and compliance challenges.
- Topics include fiduciary duties, compliance pain points, and post-trade monitoring in the municipal market.
Monday, 01/07/2024 | 14:54 GMT by
Tareq Sikder
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