Tagged: sec

September 25, 2019 @ 1:11 pm By JD Alois  |  

The deadline for comments on the Securities and Exchange Commission’s “concept release” on regulatory harmonization was yesterday. But even while the official deadline hit on September 24th, we expect that more comment letters from interested parties will be trickling in over the next few days… Read More

September 24, 2019 @ 5:46 pm By JD Alois  |  

SeedInvest, one of the largest investment crowdfunding platforms in the US, has posted a comment letter pertaining to the Securities and Exchange Commission’s (SEC) concept release on regulatory harmonization. The comment letter is expected to be “one of multiple” letters with this first one addressing… Read More

September 24, 2019 @ 3:49 pm By Cali Haan  |  

Things took a strange turn last night after news broke that Kik, creator of a messaging app for teens also called Kik, has been executing layoffs in Israel and plans to shutdown the app. First, following news of the layoffs, Kik CEO Ted Livingston confirmed… Read More

September 24, 2019 @ 1:41 pm By JD Alois  |  

Funding Circle (LSE:FCH), a leading peer to peer (marketplace) lending platform serving SMEs, has posted a comment letter regarding the Securities and Exchange Commission (SECs) concept release on regulatory harmonization. Funding Circle is the largest peer to peer lender in the UK – the country… Read More

September 23, 2019 @ 8:12 pm By Cali Haan  |  

Two individuals who requested anonymity are claiming that Kik has begun disbanding the Isreali subsidiary responsible for running its messaging app, CalcalistTech reports. According to the outlet: “The company is moving all the app’s users to alternative platforms…The 70 employees of Kik’s Israeli cryptocurrency subsidiary… Read More

September 23, 2019 @ 2:45 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed its latest complaint targeting another allegedly fraudulent initial coin offering (ICO). According to a release, the SEC has charged Jonathan C. Lucas, the former founder and CEO of Fantasy Market, an online adult entertainment marketplace, with orchestrating… Read More

September 20, 2019 @ 10:40 am By JD Alois  |  

Wefunder, the leading crowdfunding platform using the Reg CF securities exemption, has posted a comment letter on the Securities and Exchange Commission’s concept release authored by Wefunder co-founder and CEO Nick Tommarello. The SEC’s concept release is an ongoing consultation on the current regulatory environment… Read More

September 20, 2019 @ 9:41 am By Omar Faridi  |  

The US House Financial Services Committee is planning to ask the Securities and Exchange Commission (SEC) to provide additional information about a litany of topics including cryptocurrencies and Facebook’s stablecoin project Libra. Other topics include the discussion on private markets vs. public markets as well… Read More

September 19, 2019 @ 3:32 pm By JD Alois  |  

Today, Securities and Exchange Commission (SEC) Chairman Jay Clayton was interviewed by Andrew Ross Sorkin during the annual Delivering Alpha event produced by CNBC. During the interview, Chair Clayton took the opportunity to address the shifting landscape of the private markets in comparison to public… Read More

September 19, 2019 @ 2:25 pm By JD Alois  |  

Yesterday, Crowdfund Insider covered the Securities and Exchange Commission (SEC) enforcement action brought against ICOBox and its founder Nikolay Evdokimov. The complaint by the SEC specifically targeted ICOBox’s own initial coin offering (ICO) and the fact that ICOBox provided services to other ICOs acting like… Read More

September 18, 2019 @ 11:33 pm By Cali Haan  |  

The Securities and Exchange Commission (SEC) has filed civil charges against a “long-time” Florida securities lawyer accused of aiding and abetting”  an alleged $322 million USD securities fraud. Criminal charges were laid simultaneously September 17th against Attorney Jan Douglas Atlas, 74 of Ft. Lauderdale, Florida. The… Read More

September 18, 2019 @ 8:25 pm By Cali Haan  |  

VanEck and SolidX have withdrawn their request to the SEC for a rule change that would have allowed the Cboe BZX Exchange to list retail shares issued by the VanEck SolidX Bitcoin Trust. The application for the rule change was first filed January 30th of this… Read More

September 18, 2019 @ 5:21 pm By JD Alois  |  

ICO Securities Fraud The Securities and Exchange Commission (SEC) has continued its long march of enforcement actions regarding initial coin offerings (ICO) and the platforms that supported them. According to the SEC, ICOBox and founder Nikolay Evdokimov conducted an “illegal $14 million securities offering of… Read More

September 10, 2019 @ 11:03 pm By Cali Haan  |  

The US Securities and Exchange Commission (SEC) Chair Jay Clayton has told a reporter at CNBC that manipulation in crypto markets remains a concern and that there is “still work to be done” before the Commission can approve Bitcoin exchange-traded fund (ETFs). Clayton told Bob… Read More

September 6, 2019 @ 7:05 am By Cali Haan  |  

An investigation by the SEC into a $134 million STO (security token offering) by Overstock (NASDAQ:OSTK) subsidiary tZERO seems “almost dormant,” Overstock interim CEO Jonathan Johnson told Fox Business this week. Johnson, stepped to helm Overstock, after long-time CEO and founder Patrick Byrne resigned August 22nd…. Read More

August 29, 2019 @ 12:28 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has settled charges with Bitqyck Inc. and its founders, Bruce Bise and Sam Mendez. The SEC alleges that Biqyck and its founders defrauded investors and operated an unregistered exchange. Bitqyck also created and maintained its own online trading platform… Read More

August 27, 2019 @ 7:51 pm By JD Alois  |  

Paragon, a Cannabis-focused company that completed an initial coin offering (ICO) that was determined to be an offering of unregistered securities by the Securities and Exchange Commission (SEC), has begun accepting applications for investor refunds. According to a recent update on the Paragon site, the… Read More

August 22, 2019 @ 11:55 am By JD Alois  |  

The Securities and Exchange Commission (SEC) Investor Advisory Committee (IAC) has requested an extension on comments regarding the current Concept Release for regulatory harmonization pertaining to securities exemptions. The Concept Release, akin to a consultation, was launched in June as an attempt to simplify securities… Read More

August 21, 2019 @ 2:46 pm By JD Alois  |  

Securitize, an online platform for the issuance and management of blockchain-based securities, has been approved as a registered Transfer Agent. According to filings with the Securities and Exchange Commission, Securitize filed the Form TA-1 on July 22nd and was approved on July 31st. By becoming… Read More

August 20, 2019 @ 8:51 pm By JD Alois  |  

ICO Rating, a Russia based initial coin offering and research firm, has paid a fine to the US Securities and Exchange Commission (SEC) regarding allegations that it failed to disclose payments received from issuers for publicizing their digital asset securities offerings. According to a statement from… Read More