Tagged: sed

June 28, 2024 @ 1:35 pm By JD Alois  |  

Consensys, founded by an Ethereum co-founder, has been hit with charges by the Securities and Exchange Commission (SEC) alleging the offer and sales of unregistered securities via its Metamask staking service. Metamask offers staking of Ethereum for users to generate “rewards.” Consensys is one of… Read More

May 6, 2024 @ 9:14 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), a new spin on a digital brokerage, has posted an 8-K indicating they are in receipt of a Wells Notice indicating an investigation by the Securities and Exchange Commission (SEC) may lead to a lawsuit by the Commission. According to the filing, Robinhood… Read More

September 28, 2023 @ 11:42 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Pedram Abraham Mehrian and two companies he controlled with allegations of conducting a multi-year Ponzi-like scheme. The SEC claims that Mehrian misled investors who purchased $17.5 million in promissory notes. The SEC claims that Mehrian and two… Read More

September 11, 2018 @ 12:41 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has taken its first-ever enforcement action against a hedge fund manager based on its investments in digital assets. The SEC has issued an Order finding Crypto Asset Management LP (CAM) as operating as an unregistered investment company. The SEC… Read More

January 11, 2018 @ 11:00 am By Samantha Hurst  |  

On Thursday, Danish fintech Cardlay announced it secured a $5 million investment from SEB and SEED as it prepares to expand globally. Founded in 2016, Cardlay describes itself as a single software platform that issues, loads, and manages cards and expenses globally. The company noted it… Read More