The Securities and Exchange Commission has charged Binance Holdings Ltd. and its U.S. affiliate for operating the world’s largest crypto asset trading platform. Learn more here. #SEC #Binance #cryptocurrency
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Protected: The SEC Whistleblower Program: Rewarding Individuals Who Expose Financial Wrongdoings
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SEC Halts Alleged Cannabis Fraud Scheme
The SEC obtained an emergency order to halt an alleged ongoing offering fraud and Ponzi-like scheme by Integrated National Resources Inc. (INR), which does business as WeedGenics, and its owners, Rolf Max Hirschmann and Patrick Earl Williams. The SEC alleges that INR raised more than $60 million from investors to […]
State AGs Oppose SEC Rule Regulating Cryptocurrency
On May 8, 12 states led by Arkansas Attorney General Tim Griffin sent a letter to the Securities and Exchange Commission (SEC), opposing its recently proposed rule to give the commission the authority to regulate non-securities, including cryptocurrencies. While the current rules give the SEC the authority to regulate investment […]
SEC Proposes Rule Changes to Enhance Clearing Agency Resilience and Recovery
The SEC has recently announced proposed rule changes aimed at strengthening the resilience and recovery capabilities of covered clearing agencies. These changes are designed to ensure the continuity of clearing services during times of significant stress and improve the overall risk management framework in the capital markets. Improving Intraday Margin […]
Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rules
A federal appeals court says Elon Musk cannot back out of a settlement with securities regulators over 2018 tweets claiming he had the funding to take Tesla private. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled Monday, just days after hearing arguments from lawyers in the case. Musk […]
SEC Charges 10 Microcap Companies with Securities Offering Registration Violations
May 16, 2023 —The Securities and Exchange Commission today announced charges against 10 microcap companies for offering and selling securities in unregistered offerings that failed to comply with Regulation A, which provides a limited exemption from registration under the Securities Act to allow companies to raise money from the public […]
Dutch Medical Supplier Philips to Pay More Than $62 Million to Settle FCPA Charges
The Securities and Exchange Commission today announced that Amsterdam-based Koninklijke Philips N.V. will pay more than $62 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) with respect to conduct related to its sales… Read the Full Press Release Have a securities law question? Call New […]
SEC Wrong on Crypto
Crypto lawyer and XRP supporter John Deaton says that the U.S. Securities and Exchange Commission (SEC) is moving in the wrong regulatory direction at the expense of retail investors. Crypto lawyer and XRP supporter John Deaton says that the U.S. Securities and Exchange Commission (SEC) is moving in the wrong regulatory direction […]
SEC to Highlight Free Investor Education Resources During Financial Capability Month
The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) today announced that its theme for April’s National Financial Capability Month is, “Investing for everyone.” All month long, SEC leadership and staff will promote… Read the Full Press Release Have a securities law question? Call New York Securities […]
