The SEC has officially opened a new office to deal with fintech and cryptocurrencies. The interest for a Bitcoin ETF is rising, even though the SEC already rejected a few "offers" from investors such as VanEck. Now, the regulator has opened its doors for more discussion and proper understanding of digital coins. VanEck and the…
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The Securities and Exchange Commission (SEC) has announced it has agreed to a settlement with Christopher A. Faulkner—the self-proclaimed “Frack Master”—in connection with his wide-ranging securities-fraud scheme that raised over $80 million from hundreds of investors nationwide. Faulkner has simultaneously entered into a plea agreement relating to the same misconduct under which he will serve…
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The Securities and Exchange Commission (SEC) has announced that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla, Inc. (NASDAQ:TSLA), has agreed to settle the securities fraud charge brought by the SEC against him last week. The SEC has also charged Tesla with failing to have required disclosure controls and procedures relating to Musk’s tweets,…
Read moreThe Securities and Exchange Commission (SEC) has charged Brazilian oil-and-gas company Petróleo Brasileiro S.A. with misleading U.S. investors by filing false financial statements that concealed a massive bribery and bid-rigging scheme at the company. The U.S. Department of Justice also announced today a non-prosecution agreement with Petrobras. The SEC’s order finds that senior Petrobras executives…
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The Securities and Exchange Commission (SEC) has announced that a Des Moines-based broker-dealer and investment adviser has agreed to pay $1 million to settle charges related to its failures in cybersecurity policies and procedures surrounding a cyber intrusion that compromised personal information of thousands of customers. The SEC charged Voya Financial Advisors Inc. (VFA) with…
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Cboe Global Markets, Inc. (Cboe: CBOE) has welcomed the announcement by the Securities and Exchange Commission (SEC) that its Division of Trading and Markets will host a two-day roundtable covering market data and access on October 25 and 26, 2018. We applaud the SEC for hosting a roundtable on industry market data and we look…
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The Securities and Exchange Commission (SEC) has announced that it has awarded nearly $4 million to an overseas whistleblower whose tip led it to open an investigation and whose extensive assistance helped it bring a successful enforcement action. Whistleblowers, whether they are located in the U.S. or abroad, provide a valuable service to investors and…
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The SEC rejected nine Bitcoin ETFs in total just recently. Experts say that a Bitcoin ETF is inevitable at some point, but the SEC is not so sure on this, it seems. While the Commission seems adamant on not approving a Bitcoin ETF any time soon, it has provided some information on what constitutes their…
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The Securities and Exchange Commission (SEC) has announced it has obtained a court order halting an ongoing Ponzi-like scheme that raised more than $345 million from over 230 investors across the U.S. The SEC also obtained an emergency asset freeze and the appointment of a receiver. A SEC complaint unsealed yesterday alleges that Kevin B.…
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The Securities and Exchange Commission (SEC) has announced that SeaWorld Entertainment Inc. and its former CEO have agreed to pay more than $5 million to settle fraud charges for misleading investors about the impact the documentary film Blackfish had on the company’s reputation and business. SeaWorld’s former vice president of communications also agreed to settle…
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