News list for " securities and"
Earlier this week, Securities Exchange Commission Commissioner Hester Peirce was appointed to lead the agency's newly announced cryptocurrency task force. However, investment bank TD Cowen said her term will end in June, raising concerns about the progress of the cryptocurrency task force. Securities and Exchange Commission commissioners can serve an additional 18 months after their term expires. A report from TD Cowen's Washington research group (led by Jaret Seiberg) on Thursday...
The Vanguard Group, Inc. will pay $106.41 million to settle allegations of misleading statements regarding its capital gains allocation and tax impact that affected retail investors holding Vanguard Investor Target Retirement Funds (Investor TRFs) in taxable accounts, the Securities Exchange Commission (SEC) said in a press release. The settlement amount will be distributed to affected investors. Previously, the Pioneer Collection...
The Securities Exchange Commission announced that Jessica A. Wachter, chief economist and director of the Division of Economic and Risk Analysis (DERA), will step down on January 17.
According to Reuters, three people familiar with the matter said that top Republican officials at the Securities Exchange Commission (SEC) are preparing to begin reforming the agency's cryptocurrency policy as early as next week after Trump takes office. According to two of the people familiar with the matter, the measures being considered by Commissioners Hester Peirce and Mark Uyeda include initiating procedures to finalize guidance or rules on when the agency considers cryptocurrencies to be ...
The Securities Exchange Commission has postponed the decision on the Bitwise 10 Crypto Index Fund ETF until March 3, 2025.
Musk responded to the SEC indictment by saying that the SEC is a completely broken organization, they spend their time on this kind of thing, and there are so many real crimes that go unpunished. (Jin Ten)
The Securities and Exchange Commission on Tuesday filed a lawsuit in federal court in Washington, D.C., against Musk for alleged securities violations. The SEC said Musk violated federal securities laws by purchasing more than 9% of Twitter's common stock in March 2022 but failing to disclose the relevant information in a timely manner. The delay was 11 days before Musk publicly disclosed his beneficial ownership in a report to the SEC on April 4, 2022. The delay allowed Musk to continue to pay ...
"Bitcoin is a highly speculative asset, but 7 billion people around the world want to trade it," said Gary Gensler, chairperson of the Securities Exchange Commission. "Just as we have had gold for 10,000 years, we now have bitcoin."
The Hong Kong Securities Supervision Commission has reportedly warned the public to beware of an unlicensed virtual asset trading platform called International Standard Carbon Assets Technology Co., Limited, also known as "iSCAT" or "iSCAT Exchange." The Securities Supervision Commission said that "iSCAT" and/or "iSCAT Exchange" claimed to be a company that had operated in Hong Kong...
The Hong Kong Securities Supervision Commission has reportedly warned the public to beware of an unlicensed virtual asset trading platform called International Standard Carbon Assets Technology Co., Limited, also known as "iSCAT" or "iSCAT Exchange." The Securities Supervision Commission said that "iSCAT" and/or "iSCAT Exchange" claimed to be a company that had operated in Hong Kong...
Lattice, which has been investing in cryptocurrencies since 2021, is raising a third fund, according to a filing with the Securities Exchange Commission on Monday, which did not specify the size of the fund. The company has invested in 81 projects, according to PitchBook. Two of the most prominent investments are Immunefi, a cryptocurrency bug bounty platform, and Protocol Labs, the core developer of Filecoin, a decentralized cloud storage network.
Five providers of ESG ratings and data products have indicated they will sign up to the voluntary code, which was launched last month and covers four areas: good governance, systems and controls, conflict of interest management and transparency, RTHK's website reported on November 29. Liang Fengyi pointed out that although the Securities Supervision Commission does not directly regulate ESG information providers, it expects to improve the fairness and fairness of data collection through the code...
Chan Chi-wah, president of the Hong Kong Securities and Futures Federation, proposed six key points for Hong Kong to enhance the virtual asset sector, including: Relaxing the participation restrictions for mainland residents and allowing more mainland residents to participate in Hong Kong's virtual asset market, which will introduce a large amount of capital and technology, enhance the vitality and liquidity of the market, and expand Hong Kong's influence as a financial center. In a recent case ...
Virtual assets are now at the top of every financial regulator's agenda, said Dr. Ip Chi Heng, executive director of intermediaries at the Securities Supervision Commission in Hong Kong. Three virtual asset trading platforms have been licensed in Hong Kong and 15 applications are being processed. Investors can expect more licensed platforms to comply with the Securities Supervision Commission's robust investor protection measures.
The Securities Exchange Commission set a new record for enforcement action penalties and fines in fiscal year 2024, largely due to a hefty settlement with cryptocurrency firm Terraform Labs. In its annual report on Nov. 22, the agency said that in the year ended Sept. 30, despite a 26 percent decrease in the number of cases from last year to 583, the agency's net financial remedies reached $8.20 billion, "the highest amount in the history of the Securities Exchange Commission." Total...
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