SEC Financial News

08.08 / 21:11

Ripple XRP SEC CEO security Trade Courts What's Next in the Ripple-SEC Lawsuit?

In a setback to the U.S. Securities and Exchange Commission (SEC), a federal judge on Wednesday ordered Ripple Labs to pay a little over $125 million civil penalty in its ongoing legal battle with the regulator.The SEC initially sought a nearly $2 billion penalty, while Ripple pushed for the fine to be capped at $10 million.

08.08 / 13:12

markets Ethereum ETF SEC Trade Bitcoin Spot ETFs NYSE Applies with SEC to List Options for Ether ETFs by Grayscale and Bitwise

The New York Stock Exchange (NYSE) American has proposed a rule change to list and trade options for three Ether exchange-traded funds (ETFs) managed by Grayscale and Bitwise.

08.08 / 07:37

Ripple XRP SEC CEO security 2020 Courts Ripple ordered to pay $125 million in penalty for improperly selling XRP tokens

Ripple Labs has been ordered by a Manhattan court judge to pay the U.S. Securities and Exchange Commission about $125 million in penalties over charges of improperly selling the cryptocurrency XRP, according to a court filing. WHY IT'S IMPORTANT The SEC had been seeking fines and penalties totaling $2 billion in its case against Ripple Labs, its chief legal officer Stuart Alderoty said in March. This penalty would qualify only for a fraction of that amount.

08.08 / 04:34

markets UPS Ripple XRP SEC top crypto gainers today Top Crypto Gainers Today – NOKI, BeDeFi, WL

It was a fairly muted day for major cryptos, aside from a big pump in the XRP (XRP) price thanks to a favorable ruling in the Ripple vs SEC lawsuit, with traders turning to the riskier on-chain micro-cap markets in their pursuit of top crypto gainers today.

08.08 / 00:34

Ripple XRP SEC XRP Price Pumps 20% on Ripple/SEC Ruling – Huge Bullish Breakout Incoming?

The XRP (XRP) price has pumped more than 20% on Wednesday to the $0.61 area in wake of the judge presiding over the Ripple Labs/SEC lawsuit issuing a final ruling.

07.08 / 21:48

markets COST SEC security wellness Updates Osaic hybrid adds Fidelity’s National Financial as custodian

Osaic Institutions Inc., which works with financial advisors at banks and credit unions, disclosed last month that it had added Fidelity’s National Financial Services Inc. as a custodian of the advisory side of its business. The firm already works with Pershing as a custodian.

07.08 / 14:03

markets SEC show performer information reports How are investment firms complying with SEC Marketing Rule?

In the fall, it will be two years since the compliance deadline for the SEC Marketing Rule for investment management firms, but how are firms ensuring that they stay within the rules?

07.08 / 06:30

Ethereum ETF NASDAQ SEC BlackRock Trade Bitcoin Nasdaq, BlackRock Seek Approval for Spot Ethereum ETF Options

BlackRock and Nasdaq on Tuesday filed with the SEC to introduce options for the iShares Ethereum Trust (ETHA), BlackRock’s spot Ethereum ETF.

06.08 / 23:07

Provident Maxim SEC security wellness information Investigations SEC looks at Morgan Stanley’s cash in advisory accounts

The months long concern over interest rates that broker-dealers pay on cash clients hold in investment advisory accounts took another turn this past week, with Morgan Stanley on Monday revealing that the Securities and Exchange Commission is seeking “information” about certain accounts and Wells Fargo & Co. last week disclosing it is attempting to resolve the SEC’s investigation into such cash accounts.

06.08 / 06:54

SEC coinbase security information Courts Securities Exchange Commission US SEC Pushes Back at Coinbase Request to Access Gensler’s Personal Emails

The ongoing legal battle between Coinbase and the U.S. Securities and Exchange Commission (SEC) is heating up as the regulator pushes back at giving the crypto exchange access to the personal emails of SEC Chair Gary Gensler.

06.08 / 00:56

Coca-Cola SEC Fighting security reports Courts International Coca-Cola to pay $6 billion in IRS back taxes case while appealing judge's decision

Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years

02.08 / 18:57

COST SEC Platform Action social travelers Did the creator of IRL use millions in investor funds for lavish weddings and luxury vacations?

IRL, a social networking platform that assists Gen Z users in locating real-world events, has raised $170 million from investors, including SoftBank. IRL was promoted as a cutting-edge substitute for Facebook Groups, with substantial user participation. But last year, the app was taken down due to the discovery that the majority of its user base was fraudulent, which prompted SoftBank to file a different case.

02.08 / 12:08

COST Provident SEC security wellness Investigations Wells Fargo sued twice over cash sweep rates, LPL sued again

In the span of two days, three more lawsuits have been brought against brokerages over their cash sweep rates, including two cases against Wells Fargo and another against LPL.

01.08 / 16:54

markets SEC CEO Platform security social Social media platform founder charged by SEC in alleged $170M fraud

The founder and former CEO of a startup social media platform has been accused of misleading investors and defrauding them to the tune of $170 million.

01.08 / 13:24

Waters SEC Death Experts stage Courts Investigations Coaching centre deaths: Court grants bail to SUV driver after cops drop culpable homicide charge

bail plea of an SUV driver, arrested for his alleged role in drowning of three civil services aspirants in the basement of a coaching centre. During the proceedings, the Delhi Police told the court that they have decided to drop harsher charge of culpable homicide not amounting to murder against Manuj Kathuria, the SUV driver. Additional Sessions Judge Rakesh Kumar was hearing an appeal against the denial of bail to Kathuria by a magisterial court on Wednesday. «The bail is allowed,» the judge said.

31.07 / 21:49

SEC Terraform SEC Shares Compensation Claim Info For Terraform Fraud Victims

The United States Securities and Exchange Commission (SEC) is now sharing information to help crypto victims affected by Do Kwon’s Terraform Labs collapse file compensation claims.

31.07 / 19:25

Ethereum Digital ETF SEC security Trade Bitcoin Cryptocurrency Price Movements Today: Ether ETFs Switch to Inflows

Bitcoin (BTCUSD) and ether (ETHUSD) traded flat Wednesday, with bitcoin steady around $66,000 and ether trading a a bit under $3,300.

31.07 / 11:25

Binance SEC solana security information Courts Investigations No Evidence SEC Has Reclassified SOL as Non-Security, Says Variant Fund’s CLO

The United States Securities and Exchange Commission (SEC) has not definitively classified Solana (SOL) as a non-security, despite retracting its request for a court ruling on the matter as part of its ongoing lawsuit against Binance.

31.07 / 04:05

Binance Ripple XRP SEC CEO coinbase security Ripple Execs Criticize SEC’s Amended Binance Complaint, Call It “Hypocrisy”

The U.S. Securities and Exchange Commission (SEC) has drawn sharp criticism from Ripple executives following its decision to amend its complaint against Binance.

30.07 / 22:48

markets SEC wellness President ROBO Courts Investigations Ameriprise sued over sweep account rates

Ameriprise on Monday became the latest brokerage to be sued over its cash sweep account program, facing allegations that the company failed as a fiduciary by keeping big spreads for itself rather than giving clients higher rates.

30.07 / 20:13

IPO Target SEC security wellness Bill Updates Bill Ackman’s US fund set to debut at $2B following IPO delay

Bill Ackman’s planned initial public offering for a US closed-end fund is expected to bring in $2 billion, less than 1/10th the target the billionaire hedge-fund manager suggested the sale could raise earlier this month.

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