SEC

SEC

SEC Charges 2 Firms and 4 Individuals in Crypto Pump-and-Dump Scheme

The U.S. Securities and Exchange Commission (SEC) said Friday that it has filed charges against two firms and four individuals allegedly perpetrating a cryptocurrency pump-and-dump scheme. The two companies are Bermuda-based Arbitrade Ltd. and Canadian firm Cryptobontix Inc. The other defendants are their principals — Troy ...Read More

Wall Street to Pay $1.8 Billion in Fines Over Traders’ Use of Banned Messaging Apps

Eleven of the world’s largest banks and brokerages will collectively pay $1.8 billion in fines to resolve regulatory investigations over their employees’ use of messaging applications that broke record-keeping rules, regulators said Tuesday. The firms include brokerage units of Bank of America Corp., Barclays PLC,  Citigroup, Credit ...Read More

SEC Sues 2 Crypto Advisory Firms and Their Owner for Misappropriating Investors’ Funds

The U.S. Securities and Exchange Commission (SEC) on Thursday sued two crypto advisory firms and their owner for allegedly misappropriating investors’ funds that they had pledged to invest in digital assets. The charges, filed in the federal district court in Manhattan, allege that Creative ...Read More