The U.S. Securities and Exchange Commission (SEC) charged investment giant BlackRock’s former Portfolio Manager Randy Robertson on Thursday for failing to declare a conflict of interest. Robertson has committed to paying a $250,000 fine to settle charges. Also, he accepted a cease-and-desist order without acknowledging or refuting the SEC’s findings.
The world’s largest cryptocurrency exchange Binance U.S has received a “limited objection” from the U.S. Securities and Exchange Commission (SEC) for the planned $1 billion acquisition of bankrupt crypto lender Voyager Digital. SEC disclosed the statement by declining the acquisition proposal due to a lack of “adequate information”. According to
The U.S Securities and Exchange Commission (SEC) is attempting to keep the notorious “Hinman Speech” documents, connected with the Ripple case. According to a recent report, the SEC has requested that the Hinman documents be sealed, alleging that they do not have relevance to the court’s summary judgment ruling. The
The former CEO of Alameda Research, Caroline Ellison, admitted that she and Sam Bankman-Fried, a co-founder of FTX, deliberately misled lenders about the funds which the bankrupt trading company was borrowing from the cryptocurrency exchange. Additionally, Caroline Ellison admitted in the court record of her hearing on 19th December how
The proposed merger between Bullish, a crypto exchange backed by Peter Thiel, and Far Peak Acquisition Corporation, a special purpose acquisition company (SPAC), has been called off. With the merger agreement reached in July 2021, Far Peak and Bullish planned the cryptocurrency exchange would be listed on the New York
The Securities and Exchange Commission (SEC) of the United States is increasing its scrutiny of audit firms’ work with cryptocurrency companies. A senior US SEC official has urged investors to be “extremely careful” of relying on a crypto company’s “proof-of-reserves.” Paul Munter, SEC’s acting chief accountant stated: “We’re warning investors
In this complaint, LBRY has filed a Motion for Expedited Consideration of an Oral Argument in Aid of its Motion to Limit the SEC’s Remedies. They also mention the court proceeding in the United States District Court for the District of New Hampshire. #XRPCommunity #SECGov v. #Ripple #XRP #LBRY In
Audit firms doing crypto company audits may expect heightened attention from the U.S. Securities and Exchange Commission (SEC). The SEC has voiced worry about the possibility of investors being given a false sense of security by auditing reports, increasing their vulnerability to cryptocurrencies. This comes after a number of cryptocurrency
Thor Technologies and its CEO, David Chin, have been accused of violating the Securities Act of 1933 by the United States Securities and Exchange Commission (SEC), which has filed a complaint against the company and its leaders. The ICO that Thor held in 2018 involved the sale of digital tokens
The U.S. Securities and Exchange Commission (SEC) stated that FTX’s native token, “FTT was Offered and Sold as an Investment Contract and as a Security.” The claim was made by SEC in a lawsuit filed against the FTX executives Caroline Ellison and Gary Wang on 21st December 2022. According to
