Tagged: sec

January 13, 2025 @ 5:57 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has assessed $45 million in penalties on neobroker Robinhood Securities LLC and Robinhood Financial LLC. The monetary settlement concerns various charges leveled by the SEC at the broker-dealers. Robinhood Securities agreed to pay a $33.5 million penalty, and Robinhood… Read More

January 13, 2025 @ 11:52 am By JD Alois  |  

Senator Tim Scott, the new Chairman of the Senate Banking Committee, has issued a statement on Paul Atkins, the individual selected by President-elect Trump to lead the Securities and Exchange Commission. Atkins, if approved by the Senate, will replace the unpopular SEC Chair Gary Gensler…. Read More

December 31, 2024 @ 1:12 pm By JD Alois  |  

The Division of Economic and Risk Analysis (DERA) at the Securities and Exchange Commission (SEC) has provided an update regarding information on exempt securities offerings, including Reg D, Reg CF, and Reg A+. The data is as of the end of 2023. Reg CF or… Read More

December 27, 2024 @ 4:25 pm By JD Alois  |  

Any issuer of securities using the Reg D exemption must file a document with the Securities and Exchange Comission 15 days after the first sale of securities. The two-page document is super simple to complete, and no follow-up filings are required. This simplicity has helped… Read More

December 26, 2024 @ 7:23 pm By Omar Faridi  |  

Binance.US’s year-end insights provide a meaningful outlook covering key developments this year and the general outlook for 2025 as well. Interim CEO Norman Reed has highlighted important milestones from the past year for the company and also shared details on features coming to the platform… Read More

December 23, 2024 @ 4:18 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) recently charged Tai Mo Shan Limited with misleading investors about the stability of Terra USD (UST), a purported “algorithmic stablecoin” issued by Terraform Labs PTE Ltd. (Terraform), when UST dropped from its “purportedly fixed exchange rate of 1… Read More

December 17, 2024 @ 4:43 pm By JD Alois  |  

The SEC Office of the Advocate for Small Business Capital Formation has published its annual report which includes data on access to capital as well as policy recommendations. The Office is relatively new, created under the SEC Small Business Advocate Act of 2016 – legislation… Read More

December 16, 2024 @ 11:14 am By JD Alois  |  

Everyone knows the definition of an Accredited Investor is broken. The rule sets a monetary hurdle for individuals who may participate in certain private securities offerings. It is obvious to all that wealth is not necessarily an indicator of sophistication. Still, the SEC has failed… Read More

December 13, 2024 @ 11:56 am By JD Alois  |  

Elon Musk, founder and CEO of multiple firms including Tesla and SpaceX, has leveraged X, another one of his companies, to lambast outgoing SEC Chairman Gary Gensler.   Oh Gary, how could you do this to me? 🥹 pic.twitter.com/OoooQI77ZS — Elon Musk (@elonmusk) December 12,… Read More

December 13, 2024 @ 11:17 am By JD Alois  |  

Yesterday, the Securities and Exchange Commission charged Cantor Fitzgerald, LP, and two Special Purpose Acquisition companies (SPACs) it controlled with “making misleading statements to investors ahead of their initial public offerings (IPOs).” SPACs are companies that go public with the intent to acquire a private… Read More

December 13, 2024 @ 10:44 am By Omar Faridi  |  

The Bitcoin and crypto industry is now focused on blocking or preventing the re-nomination of  SEC Commissioner Caroline Crenshaw as the Senate Banking Committee prepares to vote on her appointment to another term at Wall Street’s main regulatory authority. Crenshaw, a Democrat, was appointed to the commission by President Donald… Read More

December 12, 2024 @ 9:16 am By JD Alois  |  

A recent report shares that Nasdaq Private Markets (NPM), a secondary trading platform for shares in private firms, has booked $6 billion in trades so far this year. In total, since its creation, NPM reports over $55 billion in transactional value and more than 250… Read More

December 11, 2024 @ 11:09 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against three Nigerian nationals for scamming investors out of $2.9 million. According to the SEC, the trio impersonated legitimate investment advisors and conning around 28 investors. At the same time, the United States Attorney’s Office for… Read More

December 10, 2024 @ 5:27 pm By JD Alois  |  

The SEC Investor Advisory Committee met today, and one of the topics reviewed was access to alternative assets. More specifically, the fast-growing private securities markets. Private securities in both debt and equity markets have boomed in recent years. Meanwhile, public securities have diminished due to… Read More

December 10, 2024 @ 11:20 am By JD Alois  |  

In a meeting today, the Securities and Exchange Commission’s Investor Advisory Committee (IAC) published draft recommendations regarding the rise of “Finluencers”—individuals who may promote securities offerings on social media. While the IAC may submit recommendations to the Commission, there is no requirement for the SEC… Read More

December 5, 2024 @ 11:15 am By JD Alois  |  

Next week, the Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC) will meet to discuss several topics. Perhaps most interesting is the topic of “Mainstreaming of Alternative Assets to Retail Investors.” The second issue is Examining the Use of Mandatory Arbitration Clauses by Registered… Read More

December 5, 2024 @ 8:35 am By JD Alois  |  

  Bitcoin has finally topped the psychological barrier of $100,000 per BTC. The fuel was the selection of Paul Atkins to become the Chairman of the Securities and Exchange Commission (SEC). Bitcoin is currently trading at over $103,000. In the past, Atkins has supported digital… Read More

December 4, 2024 @ 3:50 pm By JD Alois  |  

President-elect Donald Trump has selected Paul Atkins, a former SEC commissioner, to lead the nations top securities regulator as the Chairman of the Commission Announcing the appointment on Truth Social, Trump stated: “I am delighted to announce the nomination of Paul Atkins to be the… Read More

December 4, 2024 @ 9:03 am By JD Alois  |  

The 180-degree transformation of the regulatory approach to crypto is just around the corner. The Joe Biden presidency has been exceptionally detrimental toward digital asset innovation. While the Securities and Exchange Commission took a regulation-by-enforcement approach to crypto, ignoring the profound opportunity to transform capital markets, other… Read More

November 25, 2024 @ 9:47 am By Omar Faridi  |  

  The Securities and Exchange Commission (SEC) recently announced that it filed 583 total enforcement actions in fiscal year 2024 while obtaining orders for $8.2 billion in financial remedies, the highest amount in SEC history. The 583 enforcement actions are said to represent a significant… Read More