The Securities and Exchange Commission has removed and replaced references to credit ratings from existing exceptions provided in Rule 101 and Rule 102 of Regulation M. Find out more in the full press release. Need legal representation? Contact Sallah Astarita & Cox.
Other News
SEC Seeks Emergency Relief to Ensure Binance.US Customers’ Assets are Protected
The Securities and Exchange Commission has filed an emergency action against Binance, freezing assets and directing the repatriation of customer funds. Read more here. #SEC #cryptotrading
SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency
The Securities and Exchange Commission today charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Coinbase for failing to register the… Read the Full Press Release Have a securities law question? Call New York Securities […]
SEC Files 13 Charges Against Binance Entities and Founder Changpeng Zhao
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
Small Business Advisory Committee June Meeting to Focus on Capital Raising and Reducing Funding Gaps for Underrepresented Founders
The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Wednesday, June 14. The Committee will start the morning session by hearing from its members about marketplace… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers […]
Former Wells Fargo Senior Executive Carrie Tolstedt Agress to Settle SEC Fraud Charges for Misleading Investors About Abusive Sales Practices to Inflate a Key Performance Metric
The Securities and Exchange Commission today announced its settlement with the former head of Wells Fargo & Co.’s Community Bank, Carrie L. Tolstedt, in which she has agreed to pay a $3 million penalty stemming from charges brought in 2020 for her… Read the Full Press Release Have a securities […]
Former Coinbase Manager and His Brother Agree to Settle Insider Trading Charges Relating to Crypto Asset Securities
The Securities and Exchange Commission today announced that former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges that they engaged in insider trading through a scheme to trade ahead of multiple announcements… Read the Full Press Release Have a securities law question? Call New […]
Protected: The SEC Whistleblower Program: Rewarding Individuals Who Expose Financial Wrongdoings
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Cryptocurrency – An Introduction
Cryptocurrency is a digital or virtual currency that is secured by cryptography, making it difficult to counterfeit or double-spend. Cryptocurrencies use decentralized technology for secure peer-to-peer transactions that are recorded on a public ledger known as a blockchain. There are currently over 8,000 cryptocurrencies in circulation, with new ones being […]
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 […]
