SEC Archives - Page 7 of 9

FTX founder Sam Bankman-Fried arrested in the Bahamas after U.S. files criminal charges

Jack J. Kelly Arrest, Congress, Cryptocurrency, Investors, Money Laundering, SEC, Securities Fraud, Wire Fraud December 13, 2022

FTX founder Sam Bankman-Fried was arrested by Bahamian authorities Monday evening after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government, setting the stage for extradition and U.S. trial for the onetime crypto billionaire ...Read More

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Crypto: Bieber, Madonna, Steph Curry, Snoop Dogg in Big Trouble

Jack J. Kelly Cryptocurrency, Investors, Lawsuit, NFT, SEC December 12, 2022

The adventure of celebrities in the crypto space is turning into a real nightmare. After lawsuits against billionaire Mark Cuban along with bankrupt crypto lender Voyager Digital, Tom Brady, Steph Curry, Naomi Osaka, Gisele Bundchen, Larry David and others in the bankruptcy of cryptocurrency ...Read More

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Congressman Calls for Investigation Into Gensler, SEC’s Role in FTX Collapse

Jack J. Kelly Cryptocurrency, Investigation, SEC, Securities and Exchange Commission December 9, 2022

A Democratic congressman is calling for an independent investigation into the Security and Exchange Commission’s failure to prevent the historic collapse of crypto exchange FTX. In a strongly worded letter sent Tuesday, Representative Ritchie Torres (D-NY) called upon the Government Accountability Office (GAO) to ...Read More

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Prosecutors, SEC Squeeze FTX Associates For Information

Jack J. Kelly Cryptocurrency, Investigation, Investors, SEC, Trading December 5, 2022

While FTX founder Sam Bankman-Fried continues to make lawyers cringe every time he opens his mouth, US authorities are seeking information from investors and trading firms that worked closely with the company. According to Bloomberg, the US Attorney’s Office for the Southern District of New York (SDNY) ...Read More

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SEC Awards $20 Million to Whistleblower

Jack J. Kelly SEC, Securities and Exchange Commission, Whistleblower November 30, 2022

The Securities and Exchange Commission today announced an award of $20 million to a whistleblower who provided new and critical information that led to the success of an enforcement action. In determining the appropriate award amount, the SEC considered that the whistleblower provided significant ...Read More

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WhatsApp, Texting Fines Put Spotlight on Compliance Spending

Jack J. Kelly Compliance, Investors, Regulators, SEC, Securities and Exchange Commission November 30, 2022

The Securities and Exchange Commission earlier this month hit financial services firms with nearly $2 billion in fines for unauthorized texting and other “off-channel” communications. And as companies see actions such as these as a sign of a more aggressive regulator, they are investing more in ...Read More

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SEC chair’s crypto oversight strategy in question as ecosystems collapse

Jack J. Kelly Cryptocurrency, Regulation, SEC, Securities and Exchange Commission November 29, 2022

While regulations are often aimed at protecting citizens from bad actors, the effectiveness of crypto regulations in the United States is in question owing to the colossal fall of major exchanges and ecosystems over the past year — FTX, Celsius, Voyager and Terra. Congressman Tom Emmer showed concerns about ...Read More

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SEC Commissioner Hester Peirce: FTX’s Collapse Could Finally Be ‘Catalyst’ for Regulation

Jack J. Kelly Bankruptcy, CFTC, Cryptocurrency, Regulation, SEC November 14, 2022

The crumbling of crypto exchange FTX and its subsequent bankruptcy filing has brought much negative attention for the crypto industry. However, that may be just the wake-up call U.S. lawmakers need, said Hester M. Peirce, a commissioner at the Securities and Exchange Commission (SEC). Peirce, who joined CoinDesk TV ...Read More

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U.S. authorities probe FTX collapse, executives’ involvement

Jack J. Kelly Bankruptcy, CFTC, Commodity Futures Trading Commission, Cryptocurrency, Department of Justice, Investigation, SEC, Securities and Exchange Commission November 14, 2022

U.S. prosecutors in New York are probing FTX’s collapse, a source with knowledge of the investigations said, after the crypto exchange filed for bankruptcy protection last week following a rush of customer withdrawals. The Justice Department, Securities and Exchange Commission and Commodity Futures Trading Commission are ...Read More

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Finra Seeks to Extend Remote Inspections Through 2023

Jack J. Kelly FINRA, SEC, Securities and Exchange Commission November 2, 2022

The Financial Industry Regulatory Authority is once again seeking to extend a temporary rule allowing firms to remotely examine branch offices as it searches for a more permanent solution. Finra on Monday submitted for immediate approval from the Securities and Exchange Commission a proposal to allow ...Read More

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