Securities and Exchange Commission

SEC Says 6 Credit Rating Agencies Failed to Preserve Electronic Communications
SEC Says 6 Credit Rating Agencies Failed to Preserve Electronic Communications
September 03, 2024  |  Legal

The Securities and Exchange Commission (SEC) has charged six credit rating agencies with “significant” recordkeeping failures in maintaining and preserving electronic communications. The firms have agreed...

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Nigeria’s Tingo CEO Fined $250 Million Over ‘Fabricated’ FinTechs
Nigeria’s Tingo CEO Fined $250 Million Over ‘Fabricated’ FinTechs
September 02, 2024  |  Legal

A federal court has fined Nigerian businessman Dozy Mmobuosi $250 million following a fraud investigation. The court order — issued last week and the subject...

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NFT Marketplace OpenSea Gets Wells Notice From SEC
NFT Marketplace OpenSea Gets Wells Notice From SEC
August 28, 2024  |  NFTs

Cryptocurrency marketplace OpenSea could be the target of a regulatory investigation. Devin Finzer, the company’s CEO, posted on social platform X Wednesday (Aug. 28) that...

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This Week in Web3: Blockchain Looks to Create, Not Just Store, Real-World Value
This Week in Web3: Blockchain Looks to Create, Not Just Store, Real-World Value
August 14, 2024  |  Blockchain

Blockchain, at this point a significant industry, perpetually appears to be on the verge of mainstream acceptance. Its promise of delivering benefits such as easier...

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SEC Alleges NovaTech Ltd Ran Fraudulent Crypto-Centered Scheme
SEC Alleges NovaTech Ltd Ran Fraudulent Crypto-Centered Scheme
August 12, 2024  |  Cryptocurrency

The Securities and Exchange Commission (SEC) charged NovaTech Ltd, its operators, Cynthia and Eddy Petion, and the company’s top promoters with running a fraudulent scheme centered on...

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Ripple’s Cross-Border Business Could Be Collateral Damage in SEC Suit
Ripple’s Cross-Border Business Could Be Collateral Damage in SEC Suit
August 09, 2024  |  Cryptocurrency

One of the longest running legal cases impacting crypto’s regulatory future is potentially nearing resolution. The case, between cryptocurrency company Ripple Labs and the U.S. Securities and...

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Federal Financial Regulatory Agencies Propose Joint Data Standards
Federal Financial Regulatory Agencies Propose Joint Data Standards
August 02, 2024  |  Bank Regulation

Nine federal financial regulatory agencies have proposed or will propose joint data standards that would apply to data submitted to the agencies. As required by...

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SEC: Founder of Social Platform IRL Defrauded Investors
SEC: Founder of Social Platform IRL Defrauded Investors
August 01, 2024  |  Security & Fraud

In internet lingo, the abbreviation IRL means “in real life.” But for the now defunct social media platform IRL, reality and the picture the company painted...

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Ripple CEO: US Crypto Rules Lag Amid ‘Interminable’ Lawsuits
Ripple CEO: US Crypto Rules Lag Amid ‘Interminable’ Lawsuits
July 18, 2024  |  Cryptocurrency

Ripple’s CEO says the cryptocurrency industry is still seeking regulatory clarity from the U.S. Speaking with Bloomberg News Wednesday (July 17), Brad Garlinghouse said America lags behind other countries that...

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