Securities and Exchange Commission (SEC)

The former chief financial officer of cloud services provider Synchronoss Technologies (NASDAQ:SNCR) allegedly overstated the company’s finances to match revenue expectations it otherwise would have failed to meet. Last week, a New York District Court granted the Securities and Exchange...

Coinbase Global Inc (NASDAQ:COIN) is set to contest the U.S. Securities and Exchange Commission’s (SEC) classification of tokens traded on its platform as securities. What Happened: Coinbase, the world’s largest publicly traded cryptocurrency exchange, is scheduled to present its case...

Broker-dealer Merrill Lynch has been fined $12 million by regulators for failing to file approximately 1,500 suspicious activity reports (SARs) over a span of more than ten years, The Wall Street Journal reports. Regulatory Requirements Under U.S. anti-money-laundering rules, broker-dealers are...

In a recent development, Digital World Acquisition (NASDAQ:DWAC), the primary financial collaborator of former President Donald Trump’s media company, has proposed an $18 million settlement to the Securities and Exchange Commission (SEC) to resolve an investigation into its initial merger...

The former CEO of Twitter, Jack Dorsey believes that Ethereum (CRYPTO: ETH) is a security.  What Happened: Dorsey was responding to a Twitter user who asked Dorsey "is ETH a security." To which, Dorsey said "Yes". This came at a time when the Securities and Exchange Commission (SEC) filed charges...

The SEC launched a double-edged attack on cryptocurrency giants Coinbase Global Inc (NASDAQ:COIN) and Binance this week, accusing both entities of violating securities rules and engaging in deceptive practices. SEC Chair Gary Gensler doubled down on the allegations in a Tuesday interview with CNBC...

In a blow to the Securities and Exchange Commission (SEC), a judge has denied the regulator’s recent motion to seal records related to the internal deliberations following a speech by former director, William Hinman.  What Happened: This development has been hailed as a win by Ripple...

The American Bankers Association, or ABA, reportedly called on federal regulators on Thursday to probe a spate of significant short sales of publicly traded banking stocks that it said were “disconnected from the underlying financial realities.” What Happened: The group stated it had...

Bitcoin’s (CRYPTO: BTC) volatile ride from $1,000 in January 2017 to its peak of $20,000 by the end of that year was followed by a sharp drop, losing more than 60% of its value in just a few months. What Happened: The year 2018 was referred to by some as a “crypto winter,” as the...

Cathie Wood-led ARK Investment Management bought over 168,000 shares of cryptocurrency exchange platform Coinbase Global Inc (NASDAQ:COIN) at an estimated valuation of over $8.4 million based on Monday's closing price. What Happened: The purchase was done via the flagship ARK Innovation ETF (NYSE:...

SoftBank Group Corp. (OTC:SFTBY) owned chipmaker Arm Ltd has made a confidential filing with the Securities and Exchange Commission for a listing on the markets in the U.S. What Happened: The Cambridge, United Kingdom-based company, plans to sell its shares on the Nasdaq later in 2023 and aims to...

Coinbase (NASDAQ:COIN) CEO Brian Armstrong, on Monday, minted a commemorative NFT in response to regulatory challenges facing the U.S. cryptocurrency industry.  What Happened: According to a blog post by ‘Stand with Crypto,' the NFT is a symbol of unity for the crypto community seeking sensible...

Crypto YouTuber Ben Armstrong, popularly known as ‘BitBoy Crypto,' hit back at tech investor Chamath Palihapitiya, a day after the latter said that “Crypto is dead in America.” What Happened: Palihapitiya, on Monday, pointed to Securities and Exchange Commission, or SEC, Chairman Gary...

Major coins traded in the red on Monday amid growing apprehension among investors, who are keeping a close watch on the Federal Open Market Committee (FOMC) meeting scheduled for next week. Cryptocurrency Gains (+/-) Price (Recorded 9:30 p.m. EST) Bitcoin (CRYPTO: BTC) -1.06% $27,460...

Cathie-Wood led ARK Investment Management loaded up on shares of cryptocurrency exchange platform Coinbase Global Inc (NASDAQ:COIN). What Happened: Wood’s ARK Investment Management purchased the Coinbase shares on a day when the company filed a narrow action in federal court to compel the...