If Bitcoin enthusiasts cling to one thing that they believe will catapult BTC valuations back to the superior heights of old, it is the approval by the SEC of a Bitcoin Exchange-Traded Fund (ETF). The SEC, however, has been unwavering its refusal to go to this next step, citing that it is “uncomfortable” with the…
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The Securities and Exchange Commission (SEC) has yesterday awarded two whistleblowers a total of $50 million ($37 million and $13 million) for their high-quality information. LeapRate reminds that SEC gave away a record $61 million award to two whistleblowers for helping make the case that JPMorgan Chase & Co. (NYSE:JPM) back in 2017 and awarded $39 million to…
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The SEC seems to be trying very hard to understand the blockchain, fintech and cryptocurrency world. The agency is preparing to hold a public fintech forum on blockchain in May, 2019. The SEC announced that some of its staff will hold a forum on DLT and digital assets on 31st of May. Some time ago,…
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If there is one event that would send Bitcoin enthusiasts into absolute delirium, it would have to be the SEC’s approval of a highly anticipated Bitcoin exchange-traded fund (ETF). Jay Clayton, the chairman of the SEC, has never equivocated his position on the possibility of this ETF, even after a dozen or so of failed…
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The Commodity Futures Trading Commission (CFTC) announced that a federal court has resolved its action against the company 1pool Ltd. and its owner, by entering a Consent Order. 1pool Ltd. and its CEO and owner, Patrick Brunner, have been charged with illegally offering retail commodity transactions that were margined in bitcoin, failing to register as a…
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The Securities and Exchange Commission (SEC) revealed that BB&T Securities has finally agreed to reimburse over $5 million to individual investors and to pay a $500,000 fine as part of a settlement for charges that a company it acquired deceived its clients that they were being given all brokerage services by an in-house team at…
Read moreThe US Securities and Exchange Commission (SEC) has voted in favor of expanding its pilot program on the modernization of allowing investors to share their opinions regarding potential offerings at a much earlier stage than the current one. According to the provisions of the new rule and its amendments, the "test-the-waters" accommodation currently used by emerging growth…
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Yet again, the SEC is under the watch by so many Bitcoin enthusiasts and investors. The agency has a new deadline to rule on the eventual emergence of a Bitcoin ETF, a decision that needs to take place by April 5th, 2019. For a second time, a proposal for a Bitcoin ETF was submitted by…
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One overused metaphor in business is that, when a new product does not go well, the management team changes its name, re-brands it, and re-launches it, as if it were a truly newer product all together. This approach to accepting failure and moving on would not be so laughable, if the new product was diametrically…
Read moreThe Securities and Exchange Commission (SEC) announced that Elizabeth McFadden has been named Deputy General Counsel for General Law and Management of the agency. McFadden has previously served as Deputy General Counsel at the U.S. Department. Prior to joining the Department of Education in 2003, McFadden practiced law at Dow Lohnes, first as an associate…
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