Tag: sec
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SEC charges former Bank of America investment banker with insider trading
NEW YORK, Aug 21 : The U.S. Securities and Exchange Commission on Friday charged a former senior Bank of America investment banker with insider trading, alleging he tipped a longtime friend and former colleague about a pending merger, allowing the friend to make $18.5 million of illegal profit.Jason Satsky, w
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Analysis:Trump agencies to set crypto policy as bill stalls, limiting industry’s gains
Aug 18 : As sweeping U.S. crypto legislation stalls, President Donald Trump’s regulators are set to fill the void, but efforts to write favorable rules for the digital asset industry will be contentious and could be overturned by future administrations.Deep-pocketed crypto companies have spent hundreds of mil
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US securities regulator cancels meeting to vote on crypto rules
Aug 13 : The U.S. Securities and Exchange Commission on Thursday abruptly canceled a meeting scheduled for Friday on whether the agency should propose new crypto-related rules. In a statement, an SEC spokesperson said the meeting would be moved “due to an unforeseen scheduling issue.”The agency was set
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SEC settles charges over SpaceX, Klarna, pre-IPO share fraud
Aug 10 : The U.S. Securities and Exchange Commission on Monday brought settled charges of fraud against Adit Ventures Management, its founder and three partners in connection with pre-IPO investments in companies including Klarna and SpaceX, the agency said in a release. The SEC alleged that the investment a
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US SEC poised to allow stock token trading in potential market shakeup
NEW YORK, June 17 : U.S. equity markets face a potential shakeup as the Securities and Exchange Commission readies a new policy that would allow crypto companies to offer blockchain-based stocks, analysts and lawyers said.The crypto industry says tokenized stocks — blockchain-based instruments that track tr
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