Tagged: settlement

Where Did Kik Go Wrong? Former SEC Attorney Discusses Kik Settlement with SEC

    Recently, Kik settled a long legal battle with the Securities and Exchange Commission (SEC). In the end, Kik must pay a $5 million settlement pertaining to an initial coin offering (ICO) that was deemed to be an unregistered security offering. Additionally, for the… Read More

BNP Paribas Securities Services to Use DAML Smart Contract Language to Develop Trade and Settlement Apps

The Securities Services division of France’s BNP Paribas, the 8th largest bank in the world in terms of total assets, has teamed up with Digital Asset (the company) to implement distributed ledger technology (DLT)-enabled trade and settlement applications. Through its partnership with Digital Asset (the… Read More

Digital Asset Custodian Curv Partners Crypto Garage to Offer Guaranteed Settlement for Cryptocurrency Transactions

Curv, a company that provides crypto asset custody services to institutional investors, has established a business office in the Asia-Pacific (APAC) area. The office has been set up through a partnership with Crypto Garage, a firm that offers various financial instruments based on Bitcoin (BTC)… Read More

SEC Is Holding Settlement Discussions With Allegedly Fraudulent ICO Organizer Reggie Middleton

The US Securities and Exchange Commission (SEC) has reportedly initiated settlement discussions with Reggie Middleton, the manager of Veritaseum’s (VERI) $14.8 million initial coin offering (ICO). In August, the SEC Enforcement Division announced charges against Reginald “Reggie” Middleton who allegedly engaged in fraud related to… Read More

Update: LendingClub SEC / DOJ Settlement Totals $6 Million

Last week, CI reported that the Securities and Exchange Commission (SEC) had charged LendingClub Asset Management LLC (part of Lending Club), and former President Renaud Laplanche with fraud for improperly using fund money to benefit LendingClub. A settlement was quickly agreed to by all parties… Read More

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