The SEC says Ethereum tokens are not securities - The SEC has announced that it is not considering Ethereum and its digital coin ether as securities. Could this lead to the same declaration for cryptocurrencies or altcoins? Read more from The Verge here .
Senate Democrats call for investigation of SEC's Piwowar - Commissioner Michael Piwowar is under fire for speculation that he abused his position by trying to influence Citigroup's business dealings. Democratic senators are questioning Piwowar's attempts to have Citigroup's officials reverse their...
SEC CorpFin Director's Big Crypto Speech - SEC Division of Corporate Finance Director William Hinman’s detailed his thoughts on ICOs at the Yahoo Finance All Markets Summit in San Francisco. He stated that ether is not considered a security, and touched upon the fact that just because...
DOJ Opens Criminal Investigation into Bitcoin Price Manipulation - The US Justice Department has launched an investigation into traders who are manipulating bitcoin prices. The Bloomberg report states that the probe is focused on "spoofing" - a practice where an investor intentionally manipulates the price...
Fed Probe Rattles Bitcoin Market - Investors should be aware that the government is cracking down on the bitcoin market. The Justice Department has started an investigation into manipulated bitcoin prices, as well as other digital coins. In conjunction with the Commodity Futures...
‘Operation Cryptosweep’ Launched - An effort to investigate cryptocurrency investment products continues to make headlines. The North American Securities Administrators Association (NASAA) is coordinating with US and Canadian regulators to weed out fake ICOs and other crypto scams,...
SEC First Cybersecurity Suit - Earlier this year, the SEC released its Interpretive Statement and Guidance on Public Company Cybersecurity Disclosures (“Guidance”). The SEC then sued Yahoo! alleging that Yahoo! had delayed disclosing a massive breach of its user database,...
SEC News - Asset Freeze, Fraud Violation, Failure to Disclose - SEC Shuts Down $85 Million Ponzi Scheme and Obtains Asset Freeze The SEC announced the unsealing of fraud charges against a Mississippi company and its principal who allegedly bilked at least 150 investors in an $85 million Ponzi scheme. The...
SEC News - Fraud, Manipulation, and a Financing Scam - SEC Charges Three Former Healthcare Executives With Fraud Fraud charges have been announced against three former Constellation Healthcare Technologies Inc. executives who falsified financial and other information they provided to a private firm in...
Jay-Z Ordered to Testify In SEC Investigation - You cannot ignore an SEC subpoena, even if you are famous. Rapper Jay-Z failed to respond to two subpoenas from the SEC which is investigating the sale of Rocawear to Iconix Brand Group Inc. In what he must have known would not work, but according...