Tagged: sec

November 15, 2019 @ 8:09 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced the final judgment in regards to the Veri initial coin offering (ICO) which was deemed to be sales of unregistered securities. Veritaseum, Inc. and Veritaseum, LLC  along with Reginald Middleton have been ordered to pay a $9.5… Read More

November 14, 2019 @ 12:08 pm By JD Alois  |  

Earlier this week there was a meeting of the Securities and Exchange Commission’s (SEC) Small Business Capital Formation Advisory Committee. During the meeting, the Committee discussed the SEC’s Concept Release on regulatory harmonization and several topics specifically. First, was the subject of access to capital… Read More

November 14, 2019 @ 8:19 am By JD Alois  |  

Some cryptocurrency firms that were the target of the Securities and Exchange Commission Division of Enforcement may not be able to adhere to the agreed-upon settlements, according to WSJ.com. Paragon and Airfox are both mentioned in the report. The two companies were deemed to have… Read More

November 13, 2019 @ 2:07 pm By Cali Haan  |  

Lawyers for Telegram have responded to the SEC complaint that led a judge in October to temporarily forbid the sale of GRAM tokens to retail investors in the US. Telegram, provider of a popular encrypted messaging app (Messenger) that permits anonymous communicating, was started by… Read More

November 12, 2019 @ 9:53 am By JD Alois  |  

Last week, a meeting of the Securities and Exchange Commission (SEC) Investor Advisory Committee (IAC) held a meeting. On the agenda was the topic of the SEC’s concept release on regulatory harmonization. The concept release was initiated in recognition of the current ecosystem of private… Read More

November 8, 2019 @ 4:01 pm By JD Alois  |  

SEC Commissioner Hester Peirce delivered a speech, entitled Broken Windows, addressing SEC enforcement actions earlier this week. Peirce reviewed the topic in advance of the annual report on such actions. The SEC Division of Enforcement is the largest Division within the Commission. According to the… Read More

November 7, 2019 @ 10:23 am By JD Alois  |  

Securities and Exchange Commission (SEC) Chairman Jay Clayton has re-affirmed his belief that retail investors should have a compliant path to access more private securities offerings. While initial public offerings (IPOs) have morphed into an exit opportunity for big money where retail investors end up… Read More

November 6, 2019 @ 4:19 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee has posted its agenda for its upcoming meeting this month. Included on the list of topics, is the effort by the SEC to harmonize the exempt offering ecosystem. The SEC officially closed comments… Read More

November 6, 2019 @ 8:44 am By JD Alois  |  

The Securities and Exchange Commission (SEC), Division of Enforcement, has published its annual report on enforcement. The Division of Enforcement is the largest division at the SEC. The report states that, during the fiscal year, the SEC brought “a diverse mix of 862 enforcement actions,… Read More

November 3, 2019 @ 6:02 pm By Omar Faridi  |  

Encrypted messaging provider Telegram has launched an early desktop wallet for its blockchain-based Gram tokens. Users can download Telegram’s test app for Windows, MacOS, Linux 64 bit operating systems from the company’s official website and get their keys on the Telegram Open Network (TON) testnet. … Read More

November 1, 2019 @ 2:36 pm By Cali Haan  |  

A Switzerland-based securities dealer called XBT Corp/First Global Credit has been charged and fined by the American SEC and CFTC for, “selling unregistered security-based swaps to U.S. investors using bitcoins and for failing to transact its swaps on a registered national exchange.” The company’s website has… Read More

November 1, 2019 @ 12:07 pm By JD Alois  |  

Harbor has received regulatory approval to operate an SEC-registered transfer agent, according to a company release. Habor recently received approval to receive a Broker-Dealer License from FINRA. The approval will help expand Harbor’s digital securities services including Reg A+, alternative assets and other traditional capital… Read More

October 29, 2019 @ 3:16 pm By JD Alois  |  

Filed with the US District Court for the Southern District of New York this week, Kik Interactive opened up the big guns by issuing multiple subpoenas to the Securities and Exchange Commission (SEC). Kik is the target of an SEC enforcement action alleging the sales… Read More

October 29, 2019 @ 11:03 am By JD Alois  |  

On October 25, 2019, Paxos sent a letter to the Securities and Exchange Commission (SEC), Division of Trading and Markets. The letter was in request to receive a No Action letter from the SEC in regards to Paxos’s operation of a securities settlement system. Paxos… Read More

October 24, 2019 @ 4:24 pm By Cali Haan  |  

Telegram’s appeal to investors asking for a six-month extension on the launch of the TON blockchain in the wake of an American SEC emergency action against the firm has been granted, Russian Forbes reports. Paraphrasing two unnamed sources, the outlet claims: “Investors in the Telegram… Read More

October 24, 2019 @ 11:00 am By JD Alois  |  

GFIN, or the Global Financial Innovation Network, has gained multiple US regulators as members. GFIN now lists the US Securities and Exchange Commission (SEC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC) as members joining the Commodity Futures Trading Commission… Read More

October 22, 2019 @ 9:37 pm By JD Alois  |  

The Securities and Exchange Commission’s (SEC) Investor Advisory Committee will hold a public meeting on Nov. 7, 2019. A portion of the meeting will address the SEC’s concept release on the Harmonization of Securities Offering Exemptions. The meeting, which is open to the public and… Read More

October 20, 2019 @ 3:18 pm By Omar Faridi  |  

The US District Court for the Southern District of New York postponed the hearing regarding the Securities and Exchange Commission’s (SEC) injunction filing against London-based encrypted messaging service provider Telegram.  The hearing has been scheduled to take place on February 18–19, 2020. Telegram’s management had… Read More

October 18, 2019 @ 5:25 pm By Cali Haan  |  

The US Securities and Exchange Commission and Morehouse College are co-hosting a panel discussion for the general public on October 24th in Atlanta. From 4 to 7 pm, panelists and attendees will address and hear about, “strategies to attract investment capital to minority businesses.” The… Read More

October 18, 2019 @ 3:39 pm By Cali Haan  |  

The US Securities and Exchange Commission (SEC) has sent a letter to NYSE Arca stating it is reviewing its rejection of the company’s request to bring a Bitcoin “Bitwise” ETF to market. While the Commission reviews its decision, the rejection has been stayed. The letter… Read More