U.S. Securities And Exchange Commission
Recent News About U.S. Securities And Exchange Commission
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Ex-SEC commissioner Paul Atkins considered as potential successor for SEC chair
Speculation has emerged regarding former Securities and Exchange Commission (SEC) Commissioner Paul Atkins potentially succeeding Gary Gensler as SEC Chair.
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SEC enforcement record highlights $8.2 billion in penalties as crypto sector criticizes aggressive approach
On November 22, 2024, the U.S. Securities and Exchange Commission (SEC) reported $8.2 billion in financial remedies for fiscal year 2024, the largest in its history. This total includes $4.5 billion in penalties, largely attributed to enforcement actions within the cryptocurrency sector.
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SEC chair candidate calls for crypto reform and innovation: 'Make the SEC Great Again'
On November 21, Teresa Goody Guillén, an attorney and blockchain expert, used X to propose reforms for the Securities and Exchange Commission (SEC), amid speculation that she may be a candidate for SEC Chair under the incoming Trump administration.
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Crypto influencer: 'Looks bullish for crypto' as SEC leadership poised to change
Crypto influencers are speaking about the potential impacts a change in U.S. Securities and Exchange Commission (SEC) leadership could have on the crypto industry.
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18 states file lawsuit against SEC alleging overreach in crypto regulation
On 14 November, attorneys general from 18 states filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its five commissioners, accusing the agency of unconstitutional overreach in its actions against the cryptocurrency industry. Led by Kentucky Attorney General Russell Coleman, the case was submitted to a Kentucky district court with backing from 17 other Republican attorneys general and the DeFi Education Fund, a crypto advocacy group.
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SEC Chair Gary Gensler to step down amid industry criticism
On November 21, Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), announced his resignation, effective January 20, 2025.
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Scimeca on SEC Chief Gary Gensler: ‘We're trying to invite him out the door and maybe get a singer and carolers or a chorus of people to join us’
Consumer Action for a Strong Economy (CASE), a business advocacy group, has launched a six-figure advertising campaign aimed at removing Securities and Exchange Commission (SEC) Chairman Gary Gensler.
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Ripple CEO: 'I think the SEC is acting outside the law'
Brad Garlinghouse, CEO of Ripple, said he believes the U.S. Securities and Exchange Commission (SEC) is "acting outside the law" in light of recent efforts to go against a court ruling on the classification of Ripple's cryptocurrency XRP.
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SEC fines against crypto industry rise 3018% in 2024 amid regulatory uncertainty
A report from Social Capital Markets revealed an increase in the fines levied by the U.S. Securities and Exchange Commission (SEC) against the crypto currency industry. According to the report, SEC fines increased from $150.26 million in 2023 to $4.68 billion in 2024, marking a 3018% rise in penalties.
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SEC delays decision on Ethereum ETF options trading amid regulatory uncertainty
On October 11th, the U.S. Securities and Exchange Commission (SEC) announced an extension of its decision-making process regarding the Cboe Exchange, Inc.'s proposal to list and trade options on exchange-traded products (ETPs) tied to Ethereum, citing the need for additional time to evaluate the proposal's implications.
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SEC announces Grewal's departure as enforcement director
The Securities and Exchange Commission (SEC) has announced that Gurbir S. Grewal, Director of the Division of Enforcement, will depart on October 11, 2024. Following his departure, Deputy Director Sanjay Wadhwa will assume the role of acting director, while Chief Counsel Sam Waldon will serve as acting deputy director.
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Digital Chamber files amicus brief in SEC Jurisdiction over Crypto Industry case
The Digital Chamber announced its filing of an amicus brief in the case of LEJILEX;CRYPTO FREEDOM ALLIANCE OF TEXAS V. SEC in support of the plaintiff's complaint of overreach by the United States Securities and Exchange Commission (SEC). The announcement came in a July 11th blog post.
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OPINION: The SEC Rule on Natural Asset Companies Will Cripple Land Use in America
Hijacking corporate finance to advance political agendas has taken a new and alarming turn. After the briefest of comment periods, the Securities and Exchange Commission (SEC) is considering a far-reaching rule change that will dramatically alter the ownership and use of public and private land in the United States.
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Antonia Apps, New York Regional SEC director: 'Without registration, investors of all types are deprived of the protections afforded them by the robust disclosures and other safeguards long provided by our securities laws'
The Securities and Exchange Commission has accused Los Angeles-based media and entertainment company Impact Theory of conducting an unregistered offering of crypto asset securities, specifically non-fungible tokens (NFTs). The company, headquartered in Los Angeles, managed to raise around $30 million through this endeavor.
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Grewal: Former N.J. corrections officer 'misappropriated and misused investor money'
The U.S. Securities and Exchange Commission recently filed charges against John DeSalvo, a former New Jersey corrections officer, for orchestrating a cryptocurrency fraud scheme that primarily targeted law enforcement personnel.
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Grippo: 'Lawyers often have access to sensitive and confidential information about their law firms’ public company clients'
The U.S. Securities and Exchange Commission recently brought insider trading charges against Romero Cabral da Costa Neto, who allegedly engaged in trading activities based on confidential information during his tenure as a visiting attorney at a global law firm.
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Two SEC commissioners dissent from first NFT enforcement action
The U.S. Securities and Exchange Commission (SEC) announced on Aug. 28 that it had settled its first enforcement action related to non-fungible tokens (NFTs). SEC Commissioners Hester Peirce and Mark Uyeda dissented, saying that they disagreed with the SEC's application of the Howey test.
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Nawaz: 'Investment advisers must ensure the accuracy of disclosures made to existing and prospective investors'
The U.S. Securities and Exchange Commission has taken action against Titan Global Capital Management USA LLC, an investment adviser based in New York, for employing misleading hypothetical performance metrics in their advertisements.
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U.S. Securities and Exchange Commission declines to comment on Natural Asset Companies approval or denial status
On July 28, the U.S. Securities and Exchange Commission declined to comment when asked on the approval status of Natural Asset Companies, giving no timeline on when a decision could be expected or where the filing is at in the process.
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Grupo Aval SA to pay $40M for FCPA violations
In resolving Foreign Corrupt Practices Act (FCPA) violations, the Colombian conglomerate Grupo Aval Acciones y Valores S.A., also known as Grupo Aval S.A., and its bank subsidiary, Corporación Financiera Colombiana S.A. (Corficolombiana), agreed to pay $40 million.