Tagged: sec

April 18, 2024 @ 11:21 pm By JD Alois  |  

All of the Republicans on the Senate Banking Committee, as well as Democrat Senator Joe Manchin, have signed onto a Congressional Review Act (CRA) resolution to overturn the SEC’s recent decision to introduce Climate Disclosure rules. These new rules are part of the ESG initiative at… Read More

April 18, 2024 @ 11:20 am By JD Alois  |  

Vanderbilt University Professor Joshua T. White, a former SEC economist at the Division of Economic and Risk Analysis (DERA), did a highly effective job of critiquing the SEC’s new climate disclosure rules during a hearing of the House Financial Services Committee. The new type of… Read More

April 17, 2024 @ 1:40 pm By JD Alois  |  

Recently, CI reported on the requirement to file a Form C-AR (annual report) for firms that raised money using the Reg CF securities exemption. While Reg CF is a notice filing there are still legal requirements to remain compliant on an ongoing basis for firms… Read More

April 12, 2024 @ 12:31 pm By JD Alois  |  

The Securities and Exchange Commission, Small Business Capital Formation Advisory Committee (SBCFAC), has scheduled its next meeting for May 6, 2024. As of today, the agenda has not been released. At the last meeting in February, the SBCFAC discussed multiple topics of interest, including a… Read More

April 12, 2024 @ 12:20 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has penalized five individual investment advisors for allegations of violating marketing rules. According to the SEC, each entity has settled the charges and agreed to pay $200,000 in combined penalties. The five firms are as follows: GeaSphere LLC Bradesco… Read More

April 11, 2024 @ 9:51 am By Omar Faridi  |  

Hayden Adams, founder of Uniswap, confirmed on April 10, 2024 that Uniswap Labs received a Wells notice from the US Securities and Exchange Commission (SEC). Hayden says he is not surprised but just “annoyed, disappointed, and ready to fight.” Today @Uniswap Labs received a Wells… Read More

April 10, 2024 @ 12:07 pm By JD Alois  |  

The Securities and Exchange Commission’s (SEC), Office of the Advocate for Small Business Capital Formation has scheduled the 43rd Annual Government-Business Forum on Small Business Capital Formation. This gathering will occur with three virtual sessions April 16-18 from 1-2:30 p.m. ET. Several years ago, these… Read More

April 6, 2024 @ 12:12 pm By Michael Wong  |  

Following a nine-day trial, a jury in the United States District Court for the Southern District of New York has found Terraform Labs PTE Ltd. and its former CEO, Do Kwon, guilty of defrauding investors in crypto asset securities. The verdict comes after the Court’s… Read More

April 3, 2024 @ 6:18 pm By JD Alois  |  

The House Financial Services Committee has scheduled a hearing on the Securities and Exchange Commission’s (SEC) recent rule change that requires public firms to disclose climate impact. The new ESG-type rules have been controversial at best, with some lambasting the Commission as becoming the Securities… Read More

April 2, 2024 @ 1:02 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has published the final judgment regarding GA Investors, which is said to have operated dozens of fraudulent websites, including GA-Investors.org. The final judgment was entered by default and includes a demand for GA Investors to pay more than $1.1… Read More

April 1, 2024 @ 7:16 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has posted that it has obtained a final judgment against defendants Ryan Felton, FLiK, and CoinSpark. The SEC had previously charged the defendants in 2020 for two initial coin offerings (ICOs) that were deemed to be fraudulent. Felton, FLiK,… Read More

March 30, 2024 @ 8:39 pm By Omar Faridi  |  

Caroline Pham from the Commodity Futures Trading Commission (CFTC) has been critical of the actions of her own regulatory agency, noting that the CFTC could be interfering on its partner agency in the recent charges it made against digital currency exchange KuCoin this past week…. Read More

March 29, 2024 @ 3:56 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) is looking for new members to add to its Investor Advisory Committee (IAC). Currently, they have five openinings on the Committee that aims to provide guidance to the Commission on items that impact individual investors. The Dodd-Frank Wall Street… Read More

March 28, 2024 @ 3:01 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has amended existing rules to require internet investment advisers to register with the Commission. According to the SEC’s Fact Sheet, the amendments will: Require an adviser that relies upon the internet adviser exemption to provide investment advice to all… Read More

March 28, 2024 @ 2:48 pm By Omar Faridi  |  

Digital asset firm Coinbase (NASDAQ:COIN) will have to face the Securities and Exchange Commmission’s (SEC) lawsuit, a Judge has recently ruled. A federal judge in Manhattan on Wednesday (March 27, 2024) stated that the US SEC’s lawsuit against Coinbase may proceed. However, the presiding judge… Read More

March 26, 2024 @ 4:44 pm By JD Alois  |  

Republicans on the House Financial Services Committee and the House Committee on Agriculture are demanding that the Securities and Exchange Commission (SEC) clarify whether Ether (ETH—Ethereum) is a security or something else. In recent years, the SEC has publicly stated ETH is not a security…. Read More

March 22, 2024 @ 3:06 pm By JD Alois  |  

Senator Elizabeth Warren is on the warpath once again, taking aim at one of her favorite targets: Elon Musk. In a letter addressed to the Securities and Exchange Commission (SEC), Senator Warren tells SEC Chairman Gary Gensler that Musk and Tesla’s Board of Directors “may… Read More

March 21, 2024 @ 11:46 am By JD Alois  |  

Yesterday, the House Financial Services Committee, Capital Markets Subcommittee held a hearing on the alleged overreach of the Securities and Exchange Commission (SEC) and the need for reform. The current Commission, under the leadership of Chairman Gary Gensler, has been criticized by many policymakers as… Read More

March 20, 2024 @ 5:05 pm By JD Alois  |  

It was not too long ago that the Securities and Exchange Commission determined Ethereum (ETH) NOT to be a security. But times change, and new leaders take over. In this case, it is the Chairman of the SEC, Gary Gensler. According to an X distributed… Read More

March 19, 2024 @ 5:22 pm By JD Alois  |  

Earlier this month, the Securities and Exchange Commission (SEC) enacted new climate disclosure rules for public companies. This represents part of a broader political agenda at the SEC that aims to enact new rules that align with ESG or Environmental, Social, and Governance activist policies. The… Read More