Securities and Exchange Commission Archives - Page 3 of 10

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

Jack J. Kelly Cryptocurrency, SEC, Securities, Securities and Exchange Commission June 5, 2023

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

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Elon Musk still needs ‘Twitter sitter,’ judges rule

Jack J. Kelly Securities and Exchange Commission May 15, 2023

Tesla CEO Elon Musk lost an appeal to unwind parts of a consent decree that he and the automaker struck with the Securities and Exchange Commission to settle civil securities fraud charges in 2018. The ruling, issued Monday by a federal appeals court, affirms a prior decision ...Read More

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HSBC and Scotia hit with fines over WhatsApp use

Jack J. Kelly Recordkeeping, Securities and Exchange Commission, Whatsapp May 12, 2023

Amid the ongoing banking crisis in the United States, financial regulators continue scrutinizing major traditional finance companies like HSBC and Scotiabank. The Securities and Exchange Commission (SEC) has charged HSBC’s securities arm, HSBC Securities (HSI), and Scotiabank’s investment subsidiary, Scotia Capital, with penalties over recordkeeping ...Read More

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Coinbase’s SEC Complaint Draws Allies Depicting U.S. Regulator as Crypto Bully

Jack J. Kelly Cryptocurrency, Digital Assets, Securities and Exchange Commission, Unregistered Securities May 12, 2023

Crypto insiders are tying themselves to Coinbase (COIN) as the company seeks to blow up the U.S. Securities and Exchange Commission’s (SEC) “come in and register” crusade aimed at the digital assets sector. In a series of “amicus” briefs filed this week, several crypto groups are ...Read More

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Here’s what the SEC will require under its strict new stock buyback disclosure rules

Jack J. Kelly SEC, Securities and Exchange Commission May 8, 2023

As investors focused this week on earnings and regional banks, the Securities and Exchange Commission quietly adopted new rules that will require public companies to disclose far more information about stock buybacks than they ever have before. The new rules “will increase the transparency ...Read More

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Former SEC Senior Official Warns: Exit Binance Now

Jack J. Kelly Cryptocurrency, SEC, Securities and Exchange Commission May 8, 2023

Binance, the beloved poster child of the crypto space has come increasingly under the regulatory microscope since the FTX collapse. Detractors in the past claimed the company is being led by a “walking time bomb” and now, a top former SEC official is warning ...Read More

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SEC Awards Record $279 Million To Whistleblower

Jack J. Kelly SEC, Securities and Exchange Commission, Whistleblower May 5, 2023

The nation’s top securities regulator on Friday announced it had given a $279 million award through its whistleblower program — the largest in its history. The Securities and Exchange Commission said the unnamed whistleblower provided information and assistance that led to a successful enforcement ...Read More

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U.S. Court Orders SEC to Respond to Coinbase Allegations Within 10 Days

Jack J. Kelly Coinbase, Cryptocurrency, Digital Assets, Regulation, SEC, Securities and Exchange Commission May 5, 2023

The U.S. Securities and Exchange Commission (SEC) has been ordered by a U.S. court to respond to cryptocurrency exchange Coinbase’s (COIN) complaint over how it applies securities laws to digital assets. The Third Circuit Court of Appeals said in a Wednesday filing that the ...Read More

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Gary Gensler’s Old Crypto Lecture Video Stuns Coinbase CEO

Jack J. Kelly Cryptocurrency, Digital Assets, Ethereum, ICOs, SEC, Securities, Securities and Exchange Commission April 26, 2023

A 2018 video of Gary Gensler, former professor at Massachusetts Institute of Technology (MIT) and current chair of the Securities and Exchange Commission (SEC), is making rounds on Twitter where he says that cryptocurrencies are as valuable as commodities or cash and are not securities. What Happened: The video is ...Read More

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Why the startup sector should keep its eye on the SEC

Jack J. Kelly Bank Failure, SEC, Securities and Exchange Commission, Startups, Venture Capital April 25, 2023

With the failure of Silicon Valley Bank, the U.S. startup ecosystem lost an important business partner. But the greater fallout could be what’s coming next: a spate of tighter regulations directed not just at midsize banks like SVB — but also at private companies ...Read More

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