Tagged: sec

March 20, 2023 @ 6:50 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) will hold the 42nd Annual Small Business Forum as a virtual event. The event is hosted by the Office of the Advocate for Small Business Capital Formation. During the tenure of Jay Clayton, the Forum was held at various… Read More

March 14, 2023 @ 11:41 am By JD Alois  |  

The US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have launched investigations into Silicon Valley Bank’s (SVB) failure. Last Friday, federal regulators took over the bank as customers rushed to pull money out of the bank due to concerns about its… Read More

March 13, 2023 @ 4:53 pm By Omar Faridi  |  

Equifax Inc. (NYSE: EFX) has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) in connection with the company’s acquisition of Boa Vista Serviços, which is reportedly the second-largest credit bureau in Brazil. Equifax and Boa Vista Serviços “entered into a Merger… Read More

March 13, 2023 @ 9:18 am By JD Alois  |  

Securities and Exchange Commission (SEC) Chair Gary Gensler has issued a curt statement warning against nefarious activity taking advantage of the current banking crisis. Gensler stated: “In times of increased volatility and uncertainty, we at the SEC are particularly focused on monitoring for market stability… Read More

March 10, 2023 @ 4:57 pm By JD Alois  |  

Today, the Securities and Exchange Commission (SEC) denied once again a request to list and trade shares of the VanEck Bitcoin Trust on the Cboe BZX Exchange. The Commission said that BZX had not demonstrated sufficiently it would protect investors and guard against fraud and… Read More

March 9, 2023 @ 10:50 am By JD Alois  |  

In a diplomatically worded missive, the Securities and Exchange Commission, Small Business Capital Formation Advisory Committee, has posted a “Parting Perspective Letter” regarding its efforts in recent years while outlining its recommendations – that the Commission has ignored. The letter, signed by Committee Chair Carla… Read More

March 8, 2023 @ 6:28 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Green United, LLC, its founder Wright W. Thurston, and a promoter, Kristoffer A. Krohn, with allegedly defrauding investors in connection with an unregistered offering of crypto asset securities. The SEC noted that Krohn is a repeat offencer,… Read More

March 8, 2023 @ 4:07 pm By JD Alois  |  

Coinbase, BitGo Representatives Set to Testify. The Subcommittee on Digital Assets, Financial Technology, and Inclusion, part of the House Financial Services Committee, will hold a hearing tomorrow (March 9, 2023) on digital assets. The title of the hearing is Coincidence or Coordinated? The Administration’s Attack… Read More

March 6, 2023 @ 4:31 pm By JD Alois  |  

The Securities and Exchange Commission has obtained an asset freeze in an emergency action regarding BKCoin Management, a digital asset hedge fund, and principal Kevin Kang. Kang was reportedly fired from BKCoin last October for allegedly misappropriating assets. Kang co-founded BKCoin and, at one point,… Read More

February 28, 2023 @ 5:56 pm By JD Alois  |  

  The SEC Small Business Capital Formation Advisory Committee (SBCFAC) was created by Congress in recognition that smaller firms too frequently did not garner the support they need. The Committee formally provides feedback to the Commission and, ostensibly, the SEC should be reviewing and pursuing… Read More

February 28, 2023 @ 3:08 pm By JD Alois  |  

Nishad Singh, the former co-lead Engineer at failed crypto exchange FTX, has been charged by both the Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC) with fraud. Both agencies revealed the charges following the news that Singh had pleaded guilty to criminal… Read More

February 27, 2023 @ 10:53 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) received a subpoena from the Securities and Exchange Commission (SEC) this past December, according to the firm’s 10-K that was filed today. According to the document, the SEC’s request arrived following the collapse of FTX: “And in December 2022, shortly after FTX filed for… Read More

February 27, 2023 @ 11:10 am By JD Alois  |  

In recent weeks, the Securities and Exchange Commission (SEC) has stepped up its enforcement activities in regard to the digital asset ecosystem. In the past, SEC Chairman Gary Gensler has asserted that all digital assets are securities, with the exception of Bitcoin. At one point,… Read More

February 22, 2023 @ 11:44 am By JD Alois  |  

  The Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC), has scheduled a meeting to take place on Thursday, March 2nd, 2023. The IAC was created under the D0dd-Frank Act and is designed to advise the Commission on initiatives aimed at representing individual investors,… Read More

February 21, 2023 @ 11:10 am By JD Alois  |  

As previously reported, US regulators apparently compelled a cessation in the utilization of BUSD – Binance’s dollar-based stablecoin managed by Paxos. The action represents another step in the tightening vice of crypto regulation. Paxos Trust is a regulated entity by the  New York Department of Financial… Read More

February 18, 2023 @ 12:40 pm By JD Alois  |  

Paul Anthony Pierce, a former NBA pro and sports analyst, has agreed to settle with the Securities and Exchange Commission for promoting EMAX tokens on social media. As was previously reported, the same digital asset embroiled influencer Kim Kardashian who had to cough up a… Read More

February 16, 2023 @ 5:29 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) is continuing its crypto crackdown filing charges againstTerraform Labs PTE Ltd and founder Do Hyeong Kwon. The firm is based in Singapore but the Commission has not been shy about pursuing crypto scofflaws anywhere in the world. Kwon was… Read More

February 13, 2023 @ 1:47 pm By Omar Faridi  |  

As more of the crypto ecosystem adopts proof of stake over the more energy-intensive proof of work protocol, crypto users around the world are “being introduced to the benefits of ‘staking,” according to an update from Coinbase (NASDAQ:COIN). Paul Grewal, Chief Legal Officer at Coinbase,… Read More

February 13, 2023 @ 10:21 am By JD Alois  |  

The SEC’s takedown of Kraken’s staking service continues to generate after-shocks as the digital asset industry ponders its ability to provide services to US customers. Kraken paid a $30 million penalty to make the issue go away without admitting or denying any guilt regarding the… Read More

February 10, 2023 @ 9:47 am By JD Alois  |  

SEC Commissioner Hester Peirce has shared her thoughts on the enforcement action taken against Kraken. The crypto exchange agreed to pay a $30 million penalty pertaining to its staking service. The ability for US clients to earn a return on parked Proof of Stake digital… Read More