Tagged: sec

November 24, 2021 @ 5:08 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) Investor Advisory Committee will be discussing digital assets or crypto on December 2nd. According to the agenda, a panel discussion will be hosted  entitled “Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies.” This… Read More

November 24, 2021 @ 10:33 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained final judgment on an enforcement action that involved a securities offering for an erstwhile marijuana-based firm. According to the SEC, on November 19, 2021, the US District Court for the Central District of California entered final judgments… Read More

November 19, 2021 @ 11:18 am By Tony Zerucha  |  

A review of the Securities and Exchange Commission’s (SEC) enforcement actions in this fiscal year show a growing threat posed by cryptocurrency and decentralized finance (DeFi) scammers. The year ended Sept. 30. The SEC filed 434 new enforcement actions in FY2021, and that is a… Read More

November 18, 2021 @ 6:13 pm By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) today announced it has charged Ryan Ginster of Corona, Cal. with conducting two unregistered and fraudulent securities offerings which collectively raised more than $3.6 million in cryptocurrency from retail investors. The complaint alleges that, from 2018 up to 2021,… Read More

November 10, 2021 @ 6:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has halted two token offerings by American CryptoFed DAO LLC, a Wyoming-based organization. According to the SEC, the Division of Enforcement alleges that in September American CryptoFed filed a “materially deficient and misleading registration form known as a Form… Read More

November 4, 2021 @ 6:25 pm By Tony Zerucha  |  

TradeStation Group, an online broker, announced today it is going public through a SPAC with the Quantum Fintech Acquisition Corporation. The new company will list on the NYSE under the symbol QFTA after the transaction closes some time in the first half of 2022. It… Read More

October 27, 2021 @ 10:33 pm By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) today announced a $38.8 million settlement of charges against Akazoo S.A., a purported music streaming business based in Greece, for allegedly defrauding investors out of tens of millions of dollars in connection with a 2019 SPAC business combination. Akazoo’s… Read More

October 27, 2021 @ 9:15 am By Tony Zerucha  |  

While some believe the recent approval of a Bitcoin futures ETF means a similar product for Ethereum is on its way, don’t hold your breath, one analyst predicts. Genesis’ head of market insights Noelle Acheson said the assumptions of a pending approval for an Ethereum… Read More

October 26, 2021 @ 9:58 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has posted the agendas for two upcoming Asset Management Advisory Committee (AMAC)  meetings. The first is on October 28 and the second on November 3. According to the SEC, the two meetings will include a discussion of matters in… Read More

October 18, 2021 @ 10:33 pm By JD Alois  |  

Earlier today the Securities and Exchange Commission (SEC) published its “meme stock” report – otherwise known as the Staff Report on Equity and Options Market Structure Conditions in Early 2021. As was covered earlier, this report addresses the Gamestop/Robinhood/Reddit odyssey where retail investors created a short… Read More

October 18, 2021 @ 7:34 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has issued its anticipated report on market structure, including the emergence of Meme stocks – like GameStop. Some observers said there was little new in the report as it towed the line of SEC Chairman Gary Gensler’s recent proclamations…. Read More

October 13, 2021 @ 12:47 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Office of the Advocate for Small Business Capital Formation, has announced the creation of a capital raising navigator tool for firms seeking growth capital. A part of the SEC’s website, the tool covers the spectrum of options for entrepreneurs… Read More

October 6, 2021 @ 9:03 pm By JD Alois  |  

Yesterday, SEC Chairman Gary Gensler testified in front of the House Committee on Financial Services sharing his perspective on the goals of the SEC and why it needs more money to fulfill its mission. As anticipated, much of the testimony swirled around digital assets and… Read More

October 6, 2021 @ 8:13 pm By Omar Faridi  |  

The team at Coin Metrics, including researchers Nate Maddrey and Kyle Waters have released their State of the Network Q3 2021 wrap-up report. In the latest edition of the State of the Network report, the Coin Metrics team has taken a data-driven look at what… Read More

October 5, 2021 @ 8:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has leveled fraud charges against erstwhile hemp firm CannaFarma Hemp Products Corp, (CSE:CNFA) and its founders. According to the SEC, the company allegedly committed fraud in a securities offering that raised $15 million from investors. The SEC claims that… Read More

October 5, 2021 @ 9:20 am By JD Alois  |  

In prepared remarks distributed prior to the House Committee on Financial Services hearing later today, SEC Chairman Gary Gensler outlined his talking points as he asks the Committee for a significant budget increase while outlining his agenda for his term at the SEC. As should… Read More

October 4, 2021 @ 9:53 pm By JD Alois  |  

The House Committee on Financial Services will be holding a virtual hearing tomorrow entitled “Oversight of the U.S. Securities and Exchange Commission: Wall Street’s Cop Is Finally Back on the Beat.” SEC Chairman Gary Gensler will traipse back to the Capitol to update the Committee on… Read More

September 28, 2021 @ 4:52 pm By JD Alois  |  

Speaking at the opening of the SEC’s Small Business Capital Formation Committee meeting held earlier this week, Commissioner Hester Peirce shared her opinion on several key topics regarding access to investment opportunities and improvements for crowdfunding exemptions. The subject of the definition of an accredited… Read More

September 27, 2021 @ 3:51 pm By JD Alois  |  

The decline in publicly traded firms has been well-documented. A result of the excessive cost and reporting requirements combined with an ocean of private capital has compelled many successful firms to stay private as long as possible. Back in the day, an initial public offering… Read More

September 27, 2021 @ 3:17 pm By JD Alois  |  

Today, the Securities and Exchange (SEC) Office of the Advocate for Small Business Capital Formation delivered a report to Congress on the SEC’s 40th Annual Small Business Forum. The report, embedded below, recaps several meetings held in the past year (May) that shared front-line experience… Read More