Tagged: sec

September 22, 2022 @ 10:58 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed a civil injunctive action against James Arthur McDonald, Jr. The SEC noted that McDonald was previously a guest commentator for CNBC – the leading financial news network. The charges were filed against McDonald and his SEC-registered investment… Read More

September 22, 2022 @ 9:56 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), a social trading platform providing access to both traditional securities and crypto, is seeing a bump in its share price as chatter indicates that the practice of Payment for Order Flow – will remain in place. Robinhood promotes is a fee trading service… Read More

September 19, 2022 @ 3:31 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) says it has issued a Cease & Desist against Sparkster Ltd., and its CEO Sajjad Daya for offering unregistered digital asset securities. According to the SEC’s complaint, the SPRK token offering took place from April 2018 through July 2018,… Read More

September 19, 2022 @ 3:19 pm By JD Alois  |  

The SEC’s Investor Advisory Committee (IAC) is scheduled to hold a meeting this week, on September 21st. The agenda of the meeting has just been released. The meeting will focus on four panels including: Human capital management labor valuation and performance data; 10B-1 position reporting; 13D… Read More

September 16, 2022 @ 6:07 pm By JD Alois  |  

Currently, the Democrats control the legislative and executive branches of government meaning they should be able to run wild with their legislative agenda. The reality is a bit different though, due to close margins in both the House and Senate and the fact that moderates… Read More

September 16, 2022 @ 2:44 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed fraud charges against Gabriel Edelman, Creative Advancement LLC, and Edelman Blockchain Advisors LLC, for allegedly defrauding investors out of $4.39 million. According to the SEC, Edelman and his affiliated entities offered and sold securities using false and… Read More

September 14, 2022 @ 9:41 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) is continuing its pursuit of platforms that are issuing digital assets without being registered as securities. In a lawsuit filed today against Chicago Crypto Capital LLC (CCC) and several executives, the SEC alleges the defendants defrauded investors. According to… Read More

September 14, 2022 @ 10:48 am By JD Alois  |  

On Monday, the US Department of Justice announced it had received a guilty plea from the “first-ever cryptocurrency insider trading case.” Originally covered this past July, the Securities and Exchange Commission (SEC) simultaneously filed insider trading charges along with the U.S. Attorney’s Office for the… Read More

September 12, 2022 @ 4:32 pm By JD Alois  |  

ITEM 1: Treasury Clearing Standards for Membership Requirements and Risk Management OFFICE: Division of Trading and Markets STAFF: Haoxiang Zhu, David Saltiel, Andrea Orr, Jeff Mooney, and Elizabeth Fitzgerald. The Commission will consider whether to propose amendments to the standards applicable to covered clearing agencies… Read More

September 11, 2022 @ 6:35 pm By JD Alois  |  

The JOBS Act of 2012, the legislation that also legalized online capital formation, included multiple regulatory updates. One, Title 1, has been a notable success as it has helped a growing number of smaller firms to go public. Title III created Regulation Crowdfunding or Reg… Read More

September 9, 2022 @ 6:08 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has created two new offices – one focused specifically on the digital asset or crypto-asset sector. According to the SEC, the Office of Crypto Assets has been added to the Division of Corporation Finance’s Disclosure Review Program (DRP). The… Read More

September 8, 2022 @ 2:12 pm By JD Alois  |  

SEC Chairman Gary Gensler continues to assert that pretty much all digital assets are securities and should be regulated as such. As part of the SEC Speaks series, Chair Gensler said that of the approximately 10,000 “tokens” he believes they are securities and the few… Read More

September 6, 2022 @ 11:57 am By JD Alois  |  

The Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC) has scheduled a meeting for September 21st. According to the Sunshine Act Notice, the IAC will be discussing Climate Disclosure along with a recommendation made by the Committee. Currently, the SEC is proposing new rules… Read More

September 1, 2022 @ 7:37 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged the Archer Capital Management Group, Archer Growth Fund, and two related entities, HDR Management LLC and Silvermoon Group LLC, with an alleged fraudulent scheme that raised $2.6 million from at least 20 unsuspecting investors. According to the… Read More

August 24, 2022 @ 8:35 pm By JD Alois  |  

Several days ago, SEC Chairman Gary Gensler took to the pages of WSJ.com to reflect on crypto markets and regulations. This has been a hot topic for several years now as clear-cut rules by regulators still don’t quite exist. Chair Gensler is of the opinion… Read More

August 24, 2022 @ 4:15 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has published a draft strategic plan for the 2022 to 2026 fiscal years. The plan targets three goals: Protect working families against fraud, manipulation, and misconduct; Develop and implement a robust regulatory framework that keeps pace with evolving markets,… Read More

August 20, 2022 @ 3:37 pm By JD Alois  |  

This past week, the Securities and Exchange Commission (SEC), staff of the Office of Investor Education and Advocacy, posted a warning about private placements under Reg D, including 506c and 506b, as well as Rule 504. Reg D is an exemption that is widely utilized… Read More

August 19, 2022 @ 4:57 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), is telling the Commission to help SPACs [Special Purposed Acquisition Companies] work – not shut them down by over-regulating. Posted last month, in a letter to Chairman Gary Gensler, the SBCFAC stated:… Read More

August 16, 2022 @ 5:41 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Dragonchain, Dragonchain Foundation, the Dragon Company and founder John Joseph Roets with raising $16.5 million in an “unregistered crypto asset securities offering.” In the complaint, the SEC alleges that Roets, Dragonchain, and the Foundation conducted an unregistered… Read More

August 11, 2022 @ 11:33 am By JD Alois  |  

If a company raises capital under Reg CF, it must file a form with the Securities and Exchange Commission (SEC) along with additional documents to use the exemption. If the company successfully raises money, the requirement to provide information to the SEC (and investors) does… Read More