On Monday, the U.S. Securities and Exchange Commission (SEC) filed an emergency action against a Miami-based crypto hedge fund and its co-founders for allegedly running a fraudulent scheme. Here is a summary of the details: Allegations BKCoin Management LLC, a Miami-based investment adviser, and its principal Kevin Kang allegedly ran a $100 million Ponzi-like scheme […]
Category Archives: SEC
Foreign Exchange, Global Market, Latest Headlines, Regulation, SEC
Democrats’ Pressure on SEC Chair Gary Gensler for Climate Risk Disclosure Rule
17
Mar
Mar
Democrats’ pressure on SEC Chair Gary Gensler to push ahead with a landmark climate risk disclosure rule: Pressure on SEC Chair Gary Gensler Dozens of Democratic lawmakers are putting pressure on SEC Chair Gary Gensler to push ahead with a landmark climate risk disclosure rule facing fierce opposition from Wall Street to Washington. More than […]
Compliance, Cryptocurrency, Latest Headlines, SEC, Securities
The SEC is conducting an investigation into brokers.
14
Feb
Feb
The SEC is conducting an investigation into brokers who are offering crypto investments to their clients. The investigation is focused on whether the brokers are providing adequate disclosure about the risks associated with investing in cryptocurrency. The SEC is also looking into whether the brokers are properly registered to offer such investments. The investigation is […]
Compliance, Cryptocurrency, Latest Headlines, Regulation, SEC
Crypto Warning: Regulatory Onslaught Is Just Beginning says former SEC Official.
18
Jan
Jan
Cryptocurrency has been gaining mainstream acceptance in recent years, but the regulatory environment surrounding it is still uncertain. In an article published by Bitcoin.com, former Securities and Exchange Commission (SEC) officials warn that a “regulatory onslaught” is just beginning for the crypto industry. The SEC is the primary regulator for securities in the United States, […]
Compliance, Latest Headlines, SEC
Social media influencers used Twitter and Discord to manipulate stocks
22
Dec
Dec
The Securities and Exchange Commission has charged seven social media influencers with securities fraud, saying Wednesday that they were part of a $100 million scheme to use social media platforms Twitter and Discord, as well as podcasts, to manipulate the price of specific stocks. Though the influencers are not household names, they have accrued more […]
Commodity Exchange, Cryptocurrency, Foreign Exchange, Global Market, Latest Headlines, SEC
CFTC flags 34 crypto and forex trading desks as unregistered foreign entities
18
Jul
Jul
The Commodity Futures Trading Commission (CFTC) has expanded its RED List with a new roster of crypto and forex firms the agency has identified as unregistered foreign entities. The CFTC announced the 34 new additions on July 14, warning US users and financial service providers against accessing their services. Several of the entities announced share […]
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