Kraken Faces SEC Probe over Unregistered Securities Offerings
Cryptocurrency exchange, Kraken, is facing an investigation by the US Securities and Exchange Commission (SEC) over concerns about offering digital assets that could qualify as unregistered securities. According to a Bloomberg report, the investigation is already in the advanced stages and could soon result in a settlement. However, neither the regulator nor the cryptocurrency exchange […]
Regulators Slapped Industry with Almost $7b Fines in 2022
2022 saw an unprecedented surge in fines issued by global financial services regulators, according to SteelEye’s Fine Tracker. Its newest report analyzed financial penalties imposed by five key regulators showing that the overall amount of fines exceeded $7 billion. SteelEye’s inaugural Fine Tracker analyzed financial penalties issued by the US Securities and Exchange Commission (SEC), […]
ICYMI – Former Treas Sec Summers urged the Fed to refrain from signaling its next move
The Federal Open Market Committee (FOMC) meeting is Wednesday: statement is due Wednesday February 1 at 2pm US ET (1900 GMT) with Powell’s presser following a half hour, later. Earlier: — ICYMI, Former US Treasury Secretary Lawrence Summers spoke with Bloomberg (gated). “I don’t think it’s a time to be committing to rate hikes, given […]
Elon Musk faces SEC probe for role in Tesla self-driving claims
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
SEC Fines Bloomberg $5M over Disclosure Failure on Fixed Income Prices
The US Securities and Exchange Commission (SEC Securities and Exchange Commission (SEC) The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, […]
Crypto Lender Nexo Fined $46.5M in the US
The crypto lending platform Nexo has settled with federal and state regulators in the United States for offering and selling unregistered securities, paying a total penalty of $45 million. The Securities and Exchange Commission (SEC) received $22.5 million, and the rest went to state regulatory authorities. In addition to the fine, the Attorney General of […]