Tagged: securities and exchange commission

January 25, 2019 @ 4:31 pm By JD Alois  |  

iFunding was an early entrant into the real estate crowdfunding sector. Once Title II of the JOBS Act became law (Reg D 506c), it opened up a new world of online promotion for securities offerings and real estate almost immediately became one of the hottest… Read More

January 24, 2019 @ 3:41 pm By JD Alois  |  

There has been a good amount of discussion about the impact of the government shutdown and the effect on government employees who are not being paid.  The shutdown is also undermining sectors of the economy that depend on furloughed public employees. One sector of finance that has… Read More

January 15, 2019 @ 12:04 pm By JD Alois  |  

Even while much of the Securities and Exchange Commission (SEC) is on furlough due to the US government shutdown, today the SEC announced charges against nine defendants for participating a hack into the SEC’s EDGAR system – the database that hosts all mandated securities filings…. Read More

January 2, 2019 @ 12:15 pm By Cali Haan  |  

A Happy New Year, indeed. Paragon Coin (PRG), the crypto token of a “cannabis on blockchain” project sanctioned in November by the SEC, pumped 6800% overnight on New Year’s Eve on the Russian crypto exchange Yobit. When PRG holders woke up in the new year,… Read More

January 2, 2019 @ 7:30 am By Cali Haan  |  

Dr. Philip Frost, a biotech billionaire accused of “fleecing investors…(in) lucrative market manipulation schemes” has agreed to pay $5.5 million in penalties to the American Securities and Exchange Commission (SEC), CNBC reports. Frost is a business associate of Barry Honig, the accused ringleader int he alleged… Read More

December 30, 2018 @ 3:30 pm By Onki Kwan  |  

Recently, the SEC has charged the gamut of ICO players with violating the securities laws, including companies raising money with ICOs, an exchange, and people promoting ICOs. None of the recent cases contained allegations of fraud and in some cases, the companies attempted to comply… Read More

December 28, 2018 @ 8:50 am By JD Alois  |  

The US Securities and Exchange Commission (SEC) has issued a brief statement in light of the government shutdown predicated by the political impasse between the Trump administration and Congress. President Trump has said he will not sign a bill funding the government unless funding for… Read More

December 24, 2018 @ 12:18 pm By JD Alois  |  

Earlier this month, Templum, a digital asset trading platform, submitted a letter to the Securities and Exchange Commission (SEC) requesting regulatory clarity on certain issues in the securities token space. Specifically, Templum asked the SEC to “provide needed guidance related to post-trade activities in the… Read More

December 21, 2018 @ 2:28 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) settled proceedings against Wealthfront Advisors LLC and Hedgeable, Inc, regarding claims of making false statements and publishing misleading advertising. This enforcement action marks the first the SEC has taken against Robo-advisors – a hot sector of Fintech. Wealthfront, a… Read More

December 19, 2018 @ 2:37 pm By JD Alois  |  

Long requested by Reg A+ fans, the Securities and Exchange Commission (SEC) has approved final rules that will allow reporting companies to utilize the Regulation A (frequently referenced as Reg A+) exemption to raise capital. The amendments to Reg A+ will become effective upon publication in… Read More

December 14, 2018 @ 9:32 am By Onki Kwan  |  

Recently, the Securities and Exchange Commission (SEC) has been actively pursuing all players in the initial coin offering (ICO) space, including companies that have raised money with ICOs, an exchange, people promoting ICOs, and most recently, an ICO investment fund. The SEC’s recent actions are… Read More

December 13, 2018 @ 6:37 pm By JD Alois  |  

During the 37th annual Government-Business Forum on Small Business Capital Formation, Securities and Exchange Commission (SEC) Chair Jay Clayton opened the event with a couple of interesting statements. Clayton commented on the byzantine ecosystem that has emerged, over many decades of legislation and rulemaking, for issuers… Read More

December 13, 2018 @ 11:35 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has settled with the executive management involved with the AriseBank initial coin offering (ICO). The allegedly fraudulent ICO came to a screeching halt with the SEC obtained a court order halting the AriseBank ICO that targeted retail investors to invest in the… Read More

December 8, 2018 @ 2:29 pm By Cali Haan  |  

Steven Peikin, Co-Director of the SEC’s Division of  Enforcement, told an audience at Harvard Law School this week that, given the increasingly cross-border nature of ICO and securities fundraising, “Collaboration with international regulators and law enforcement is critical to the SEC’s civil law enforcement success.”… Read More

December 8, 2018 @ 1:14 pm By Cali Haan  |  

The SEC has settled with CoinAlpha Advisors LLC, a Delaware-registered, California-based company the Commission says sold a cryptocurrency investment fund product without registering with the SEC or qualifying for a securities exemption. According to the cease-and-desist order issued Friday, December 7th, CoinAlpha Advisors formed in… Read More

December 8, 2018 @ 8:37 am By Cali Haan  |  

The US Securities and Exchange Commission (SEC) has granted itself an additional 60 days to consider allowing a rule change that would permit the Cboe BZX exchange and VanEck to list a “SolidX Bitcoin ETF” stock. In so doing, the commission will take the full… Read More

December 7, 2018 @ 12:34 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has just published the agenda for the 2018 Government-Business Forum on Small Business Capital Formation. An annual event, this year’s Forum will take place in the Heartland of Ohio hosted by Ohio State University, Max M. Fisher College of… Read More

December 5, 2018 @ 12:00 pm By Scott Schirick  |  

November was a busy month for the SEC’s burgeoning regulation of digital assets. In the first action of its kind, the Commission brought enforcement proceedings against the founder of digital asset trading platform EtherDelta for operating as an unregistered securities “exchange.” Ten days later, the… Read More

December 1, 2018 @ 11:00 am By Cali Haan  |  

Jared Rice Sr, the man behind AriseBank and the associated cryptocurrency/token, AriseCoin, has been indicted in the Northern District of Texas and, if convicted, faces a possible prison sentence of 120 years. Rice Sr was arrested by the FBI Wednesday and is charged with 3… Read More

November 30, 2018 @ 8:10 am By Cali Haan  |  

The Chairperson of the SEC, Jay Clayton, spoke about the regulation of cryptocurrencies Thursday evening with reporter and author Andrew Ross Sorkin at a “Times Talk” hosted by The New York Times. Sorkin began by stating that Clayton may have “the swing vote” regarding the… Read More