Tag: SEC
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Silicon Valley VC “Party Animal,” Faces Fraud Charges Again!
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Mike Rothenberg, the venture capitalist once dubbed Silicon Valley’s “party animal,” faces trial again after a jury failed to reach a verdict last year on charges that he lied to banks about his wealth to obtain loans and defrauded investors. Rothenberg is accused of fraudulent conduct and misrepresentation, which prosecutors…
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New Hope For XRP: Will Ripple Win Against The SEC?!
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Since the end of December 2020, the SEC has been at loggerheads with Ripple. The legal dispute drags on and weighs on the cryptocurrency XRP. Is the decisive help for Ripple coming now?
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SEC Increases Pressure On Crypto: Coinbase And Tron On Its Compliance Radar!
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The U.S. increased pressure on the crypto industry this week. Regulators sued Tron founder Justin Sun and several of his prominent supporters. Moreover, the warned crypto exchange Coinbase that it might take enforcement actions.
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SEC Fines Goldman Sachs Asset Management $4 Million!
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The Securities and Exchange Commission (SEC) has charged Goldman Sachs Asset Management with false advertising of funds and account strategies. According to the SEC, GSAM was fined $4 million for policy and procedural failures in two mutual funds and a separately managed account strategy marketed as ESG investments.
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SEC Chair Gary Gensler Launches Investigation Against FTX!
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Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), warned the crypto industry, saying, “We need to protect crypto investors. Time is running out!” According to Gensler, the FTX collapse follows the same pattern as the crash of many other crypto platforms. He said that these platforms…
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SEC Fines Koppers $1.3 Million!
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The Securities and Exchange Commission (SEC) has settled a lawsuit against Koppers Holdings for failing to disclose material information related to two non-GAAP financial measures the company highlighted in connection with its debt reduction efforts. The Commission’s order states that Koppers failed to disclose that it achieved its debt reduction…
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The Ripple Crypto Case: Why The SEC Can’t Win!
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The U.S. Securities and Exchange Commission (SEC) does not have good cards to win in court with its charges against Ripple. At least, this is the opinion of attorney Jeremy Hogan, who has been watching the process from the beginning and regularly assesses how the proceedings are going.
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SEC Philippines Revokes The Registration Of MLM Fraud Scheme Operators!
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The Philippines Securities and Exchange Commission (SEC) has revoked the corporate registration of Astrazion Noble Task Community Foundation and Astrazion Global Holdings Philippines, Inc. In a statement, the regulator said the companies solicited investments from the public without the required license and through a fraudulent scheme. In an order, the…
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Attention! SEC Sends Subpoena To Crypto Influencers For HEX, PulseChain, and PulseX!
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Financial influences may be at risk of violating regulatory rules. The U.S. SEC asks several influencers to submit data and documents related to specific crypto projects they have promoted. For several years, crypto influencers have been a thorn in the side of regulators, often promoting risky and unverified crypto projects.…
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U.S. SEC Files Charges Against $295 Crypto Ponzi Scheme Trade Coin Club!
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The U.S. Securities and Exchange Commission (SEC) has filed charges against Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor and Jonathan Tetreault for their roles in Trade Coin Club. This fraudulent crypto Ponzi scheme collected more than 82,000 Bitcoin worth $295 million from more than 100,000 investors worldwide. Like all…