SEC

SEC

Former Celsius CEO arrested, company agrees to pay $4.7 billion settlement

Former Celsius CEO Alex Mashinsky was arrested Thursday on federal securities fraud charges, a source told CNBC the bankrupt crypto exchange agreed to pay a $4.7 billion settlement with government regulators. The exchange was also charged by the SEC and CFTC with scheming to defraud investors ...Read More

SEC fines JPMorgan subsidiary for deleting 47 million emails, some related to subpoenas

The Securities and Exchange Commission fined the broker-dealer subsidiary of JPMorgan Chase $4 million for accidentally deleting about 47 million emails from early 2018, according to an administrative order Thursday. Some of those deleted emails were sought by subpoenas in at least a dozen regulatory investigations, but could no longer be retrieved, the ...Read More

Fed and SEC Probe Goldman Sachs’ Actions in SVB’s Last Days

Federal officials are reportedly probing Goldman Sachs’ involvement in the final days of Silicon Valley Bank. A report by The Wall Street Journal (WSJ) Thursday (June 15) says that Federal Reserve and the Securities and Exchange Commission (SEC) are investigating the banking giant’s role in acquiring Silicon Valley ...Read More

Kevin O’Leary says if Coinbase CEO worked for him, ‘I’d fire him’

If it were his choice, O’Leary Ventures Founder and Shark Tank investor Kevin O’Leary would fire Coinbase’s CEO amid the Security and Exchange Commission’s (SEC) crackdown on cryptocurrency. O’Leary, also known as “Mr. Wonderful,” criticized Coinbase (COIN) CEO Brian Armstrong for “butting heads” with the ...Read More

SEC sues Binance and CEO Changpeng Zhao for U.S. securities violations

The Securities and Exchange Commission filed 13 charges against Binance, the world’s largest crypto exchange, and its co-founder Changpeng Zhao, alleging that both comingled billions of dollars worth of user funds and sent them to a European company controlled by Zhao. The U.S. regulator alleged that Zhao ...Read More