daniel michael

DeFi Lender Blockchain Credit Partners Hit with SEC Enforcement Action in First Case of its Kind

August 6, 2021 @ 10:03 am By JD Alois |

The Securities and Exchange Commission (SEC) has announced charges against DeFi lender Blockchain Credit Partners alleging the offering of unregistered securities raising $30 million. This is the first DeFi case filed by the SEC. The complaint indicates that respondents have each submitted an Offer of… Read More

SEC Hits UBS With $8M Fine for ETP Compliance Failures

July 20, 2021 @ 5:47 pm By Tony Zerucha |

The Securities and Exchange Commission (SEC) this week filed a settled action against UBS Financial Services related to compliance failures for sales of a volatility-linked exchange-traded product (ETP). It marks the sixth case for the agency’s ETP Initiative. The ETP was designed to track short-term… Read More

Read more in: Politics, Legal & Regulation | Tagged compliance, daniel michael, etp, sec, ubs, volatility index

SEC and CFTC Charge Abra for Sale of Unregistered Digital Asset Swaps to Retail Investors

July 13, 2020 @ 10:51 am By JD Alois |

In simultaneous announcements, the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have charged Plutus Financial, Inc., doing business as Abra in California, and Plutus Technologies Philippines Corp. dba as Abra International in the Philippines for entering into illegal off-exchange swaps in… Read More