Will The SEC Soon Control Ethereum?

Is the Ethereum Blockchain a platform on which cryptos are created and traded that qualify as securities? According to Gary Gensler, Chair of the U.S. SEC, the answer to this question is YES. The discussion about this is not new, but after the difficult crypto year 2022 with the collapse of FTX and other crypto schemes, crypto regulation takes on increased urgency.

Impressive! Five Million Dollars For An U.S. Whistleblower!

The U.S. Securities and Exchange Commission (SEC) announced an award of more than $5 million to a whistleblower whose information led to a successful SEC enforcement action.  The whistleblower provided a tip and additional information that helped SEC staff shape its investigative strategy, identify witnesses, and draft documents and information requests. The whistleblower also internally reported concerns before submitting information to the SEC. 

SEC Charges Former CEO Of Biotech Company CytoDyn With Fraud And Insider Trading!

The U.S. Securities and Exchange Commission charged Nader Pourhassan, the former CEO of CytoDyn Inc., with fraud and insider trading for misleading shareholders about the progress of a clinical research treatment for COVID-19 and HIV. According to the SEC complaint, Pourhassan repeatedly issued press releases exaggerating CytoDyn's progress on leronlimab, an antibody administered to patients in clinical trials to treat various diseases.

The Controversial SEC Proposal Of A Stock Market Overhaul!

A proposed overhaul of U.S. equity trading rules was met with skepticism by some financial firms, who said, "If it ain't broke, don't fix it." However, other traders welcomed the proposed changes and their promise of greater transparency and improved market access for investors.

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