The Securities and Exchange Commission today announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks. According to the SEC, since at least January 2020, seven of ...Read More

Alameda Research ex-CEO Caroline Ellison has retained a former top cryptocurrency regulator for the US Securities and Exchange Commission as the federal investigation into the downfall of FTX continues. Bloomberg first reported that Ellison hired Stephanie Avakian, chair of the securities and financial services department at ...Read More

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

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

In recent days it’s become clear that crypto’s one-time golden boy, Sam Bankman-Fried, did not just disappoint his investors and customers at bankrupt FTX, but that he may have broken the law. There are reports federal prosecutors in Manhattan are preparing criminal charges and ...Read More

Elon Musk said in court Wednesday that he does not want to be the CEO of any company. He recently acquired social media giant Twitter and appointed himself as the CEO, adding to his responsibilities as the CEO and “technoking” of electric vehicle maker Tesla, and CEO and ...Read More

As Binance walks away from bailing out rival crypto exchange FTX, the rapidly unfolding saga is putting crypto on U.S. regulators’ radars yet again. “It does not matter that these are global exchanges. It feeds the narrative that crypto companies are taking excessive risks ...Read More