A new U.S. Justice Department report is taking aim at the “emerging threats and enforcement challenges” associated with digital currencies, establishing a “Cryptocurrency Enforcement Framework” to address the massive uptick of fraud, criminal activity and theft in the Cryptocurrency trading including BitCoin and cybercurrency platforms. The Department of...
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Category: Securities and Exchange Commission Investigations
Apple pays up to $800 million to settle investigation by states on deliberate slowing down of older iphones to extend battery life
Apple will pay $113 million to 34 states over its practice of deliberately slowing down older iPhones to extend their battery life. This will settle an investigation by the states including California and Arizona over how the company was not transparent about its iPhone battery problems that led to unexpected...
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Online eSports gambling platform Unikrn Inc., in Seattle to pay $6.1 SEC penalty for unregistered initial coin offering (ICO) of digital securities
Unikrn Inc., an operator of an online eSports gaming and gambling platform headquartered in Seattle, Washington, will pay the Securities & Exchange Commission $6.1 million for conducting an unregistered initial coin offering (ICO) of digital asset securities. Unikrn agreed to settle the charges by paying a $6.1 million penalty, substantially all of the company's...
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Securities & Exchange Commission charges day trading education firm for unregistered security based swap transactions
Tradenet Capital Markets Ltd has been charged by the Securities and Exchange Commission with offering and selling security-based swaps to over 5,000 retail investors without registration and for failing to transact its swaps on a registered national exchange. The SEC’s order says that from November 2017 to June 2020,...
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Securities and Exchange Commission announces record $114 million whistleblower reward. More to come.
The highest award for information leading to a successful investigation and settlement was announced by...
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SEC probes Robinhood about selling clients stock orders to high-frequency traders
The United States Securities & Exchange Commission is investigating Robinhood Markets over its sale of its clients' stock market orders to high-frequency traders, according to the Wall Street Journal. Sometime in 2018, the company changed its website to more clearly explain...
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SEC investigating Robinhood for selling its client stock market orders to high-frequency traders duplicate
The United States Securities & Exchange Commission is investigating Robinhood Markets over its sale of its...
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SEC investigating Robinhood for selling its client stock market orders to high-frequency traders
The United States Securities & Exchange Commission is investigating Robinhood Markets over its sale of its...
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Nasdaqs temporary operations move to Chicago may stymie high speed traders’ front-running gambit or will they evade it?
High-frequency traders and hedge funds which have an advantage to "see" orders and buy shares based on what others are trading, then sell them at fractionally higher prices. This is a form of front running and many are now saying...
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SEC orders Telegram Group to give back $1.2 Billion to investors for unregistered digital tokens and pay $18.5 million penalty
The Securities and Exchange Commission (SEC) has ordered the Telegram Group Inc. (Telegram) and its wholly-owned subsidiary, TON Issuer Inc to repay $1.2 Billion to investors for violating federal securities laws in their unregistered offering of digital tokens called “Grams.” Telegram must return more...
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