Search Results for: Securities and Exchange Commission

April 9, 2025 @ 9:57 pm By JD Alois  |  

Paul Atkins has been confirmed as the next Chairman of the Securities and Exchange Commission. The Senate voted to approve his nomination along party lines, 52 for and 44 against, with 4 members not voting. Current Commissioners, Mark Uyeda, Hester Peirce, and Caroline Crenshaw, joined… Read More

February 20, 2025 @ 9:44 am By JD Alois  |  

DOGE or the Department of Government Efficiency, has been running through the various federal bureaucracies looking for fat to cut and employees to eliminate. While there has been much hand-wringing from opposition Democrats and individuals impacted, the majority of the US is supporting the move… Read More

January 27, 2025 @ 1:19 pm By JD Alois  |  

ICAN, or Investors Choice Advocates Network, is a non-profit that advocates on behalf of underserved investors and those individuals deemed to be unfairly targeted by the Securities and Exchange Commission. ICAN supports investors’ rights, which sometimes suffer from too much government and too little freedom…. Read More

January 21, 2025 @ 9:27 am By JD Alois  |  

Commissioner Mark Uyeda has been designated the Acting Chair of the Securities and Exchange Commission (SEC) following the inauguration of President Donald Trump and the exit of the Biden Administration. Former SEC Chairman Gary Gensler officially exited his leadership role at the Commission on the… Read More

November 15, 2024 @ 11:45 am By JD Alois  |  

The past few years at the Securities and Exchange Commission (SEC) have been tough for innovators during the tenure of Chairman Gary Gensler. When Gensler was selected to lead the top financial regulator, hopes were high that his extensive experience in markets and understanding of… Read More

May 7, 2024 @ 8:49 am By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ:HOOD) announced that it had received a Wells Notice from the US Securities and Exchange Commission (SEC) staff. As reported on May 6, 2024, Robinhood Crypto (RHC) received a Wells Noticer “indicating [staff] will recommend that the Commission file an enforcement action.”… Read More

January 24, 2024 @ 11:09 am By JD Alois  |  

Today, at an open meeting, the Securities and Exchange Commission (SEC) revealed new rules that will cover SPACs or Special Purpose Acquisition Companies. SPACs are “blank check” firms that are public firms that are created to enact a merger or acquisition of another firm. As… Read More

June 11, 2023 @ 12:11 pm By Omar Faridi  |  

The attention of the Securities and Exchange Commission (the Commission) in Nigeria has been drawn to the website operated by Binance Nigeria Limited, “soliciting the Nigerian public to trade crypto assets on its various web and mobile-enabled platforms.” Binance Nigeria Limited is “neither registered nor… Read More

April 21, 2023 @ 4:52 pm By JD Alois  |  

Earlier today, Brian Armstrong, CEO of Coinbase (NASDAQ:COIN) visited with officials at the Securities and Exchange Commission (SEC).  Armstrong revealed the trip in a Tweet stating: “Met with the SEC today. We’ll continue pushing for a clear rule book in the U.S. for crypto regs…. Read More

November 23, 2022 @ 3:33 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has published its Strategic Plan for fiscal years 2022 to 2026, The high-level document is required under the Government Performance and Results Modernization Act of 2010. The brief outline declares three goals: Protect the investing public against fraud, manipulation,… Read More

August 16, 2021 @ 11:48 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged HempAmericana its CEO, and six others with allegations of a penny stock fraud scheme. The SEC also charged certain of the participants with operating as unregistered dealers, and has obtained emergency relief to halt ongoing conduct. HempAmericana… Read More

July 2, 2021 @ 9:47 am By JD Alois  |  

The Securities and Exchange Commission of Thailand is the next jurisdiction to target the world’s largest cryptocurrency exchange. According to a posting by the securities regulator, the Thai SEC has filed a criminal complaint against Binance for operating a digital asset business without a license…. Read More

March 4, 2021 @ 11:05 pm By Omar Faridi  |  

The Philippines’ Securities and Exchange Commission (SEC) has introduced its online payment system for firms so they can easily pay their registration fees. The new SEC Payment Portal is a web-based system that can accept payment for registrations, transaction fees, and penalties by simply using… Read More

January 18, 2021 @ 10:40 am By JD Alois  |  

Gary Gensler, the former Commodities Futures Trading Commissioner Chair, has been selected by President-elect Joe Biden to helm the Securities and Exchange Commission (SEC). Gensler previously led the CFTC during the Obama administration. Prior to the CFTC, Gensler spent 18 years at Goldman Sachs. He is… Read More

March 11, 2020 @ 9:17 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has posted an “Operating Status” notification on its website indicating that much of its DC staff have been asked to work from home during the Coronavirus outbreak. Recently, the Commission has canceled multiple meetings, according to its event page…. Read More

September 18, 2019 @ 5:21 pm By JD Alois  |  

ICO Securities Fraud The Securities and Exchange Commission (SEC) has continued its long march of enforcement actions regarding initial coin offerings (ICO) and the platforms that supported them. According to the SEC, ICOBox and founder Nikolay Evdokimov conducted an “illegal $14 million securities offering of… Read More

August 5, 2019 @ 2:04 pm By JD Alois  |  

The US Securities and Exchange Commission (SEC) is moving into blockchain technology, so it seems. According to a post on the Federal Business Opportunities website, the SEC is looking to acquire off the shelf technology to better monitor digital assets including compliance and risk and… Read More

July 8, 2019 @ 3:40 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Division of Trading and Markets, has joined with the Financial Industry Regulatory Authority (FINRA) in issuing a statement regarding the custody of digital assets and broker-dealers. Custody of digital assets is a pressing concern for industry participants. Similar to… Read More

June 19, 2019 @ 10:50 am By JD Alois  |  

The Securities and Exchange Commission is seeking comments on the current securities exemption structure. In a release yesterday, the SEC asked the public to provide feedback on “ways to simplify, harmonize, and improve the exempt offering framework to expand investment opportunities while maintaining appropriate investor… Read More

February 15, 2019 @ 8:46 am By JD Alois  |  

In a valentine’s day reprieve, the Securities and Exchange Commission was granted a preliminary injunction against Blockvest LLC and its founder, Reginald Buddy Ringgold, III, pertaining to allegations of fraud connected with an initial coin offering (ICO). The judge overseeing the proceedings reconsidered the court’s previous order… Read More