SEC Financial News

Two lawyers from the Securities and Exchange Commission (SEC), Michael Welsh and Joseph Watkins, resigned on April 22 following a federal judge’s sanction and severe criticism of the regulatory agency’s handling of a crypto-related case.

The XRP (XRP) price is trying to make a comeback as more than $1 billion in 24-hour trading volumes flood in. Near-term price predictions could become much more bullish if the crypto can push to the north of its 21DMA and a key long-term uptrend.

In the ever-evolving cryptocurrency market, investors are always on the lookout for promising coins to diversify their funds into. Amid this search, DeeStream emerges as a revolutionary coin that uses blockchain technology to enhance the streaming sector. While DeeStream continues to attract investors’ attention, the value of the DeeStream token surges.

Rebates tied to home energy efficiency and created by the Inflation Reduction Act may start flowing to many consumers within months.  

Thailand will restrict access to unauthorized crypto platforms due to concerns of law enforcement effectiveness and money laundering risks.

Ripple has filed an opposition to the Securities and Exchange Commission (SEC)’s demand for $2 billion in penalties.

Advisors and firms wrestling with the SEC’s marketing rule now have a little more clarity. The agency has released a summary of findings from examinations related to its marketing rule, revealing both progress and significant missteps by financial advisers in adhering to the guidelines.

A member of the Securities and Exchange Commission (SEC) who is emphatically critical of Bitcoin and crypto may lose her spot at the agency’s high table on June 5, government records would suggest.

NSE International Exchange (NSE IX) has received US Securities Exchange Commission (SEC) class relief, allowing US clients to participate in trading Equity Index Option Contracts on the bourse, according to a statement. The class relief allows NSE IX members to get acquainted with equity indices at NSE IX through activities with approved broker-dealers and financial institutions in the US. Also, this class relief permits eligible broker-dealers and large financial institutions based in the US to trade on these index derivatives options contracts through NSE IX members, subject to compliance with the applicable laws, the bourse said in the statement on Friday.

The United States Securities and Exchange Commission (SEC) has edited its Tron lawsuit against Justin Sun and his crypto companies, Tron Foundation, the BitTorrent Foundation, and Rainberry, following his attempted dismissal of the litigation late last month, amended court docs filed on Thursday reveal.

Sabyasachi Majumdar, Senior Director, CARE Ratings, the power sector is expected to have ample availability of electricity from thermal, gas, wind, and solar sources. The assurance lies in the willingness of distribution companies to pay for the power they receive. The current season is particularly favorable for wind and solar power generation. Unlike the supply constraints seen in CY21 and CY22, the upcoming year is anticipated to have a sufficient supply of electricity without absolute constraints. This positive outlook is a welcome change for the energy sector. Give us a sense as to what the overall outlook for the sector and the country as a whole given that we understand that peak power demand is expected to hit 260 megawatts this summer. Are we prepared for it? Sabyasachi Majumdar: We have a peak demand of 260 gigawatts. On the supply side, we have close to 250 gigawatts of thermal capacity which includes both coal as well as gas. In addition, we have about 17 gigawatts of capacity, about seven to eight gigawatts of nuclear and about 10 gigawatts of biomass and cogen and these are all capable of running as baseload stations.

Arete Wealth Management, a broker-dealer with a focus on alternative investments, over the first three months of the year has paid settlements of more than $1.1 million related to investor claims against the firm, according to a filing at the beginning of the month with the Securities and Exchange Commission.

The Securities and Exchange Commission is deploying a massive government database—the Consolidated Audit Trail, or CAT—that monitors in real time the identity, transactions and investment portfolio of everyone who invests in the stock market. As SEC Commissioner Hester Peirce describes it, by allowing the commission to “watch investors’ every move in real time," CAT will make it easier to investigate insider trading or market manipulation. But as a lawsuit being filed Tuesday in Texas federal court makes clear, CAT crosses a constitutional red line.

Uniswap Labs, the creator of the Uniswap protocol, has increased the fees charged to users for trading on its interface. 

The SEC has reached settlements with five investment advisory firms, which will pay a collective $200,000 in penalties, after a targeted sweep discovered practices that breached its marketing rule.

Morgan Stanley’s wealth unit is under the regulatory microscope, with multiple federal agencies scrutinizing its procedures for evaluating the risk of money laundering among clients within its extensive wealth management arm.

An internal Boeing review found that Chief Executive David Calhoun and other top executives took personal trips worth more than $500,000 on the company’s private jets and other planes that were improperly recorded as business travel. The review and correction, which Boeing disclosed in a securities filing, was prompted by a Wall Street Journal investigation last year into the executives’ use of the company’s fleet of private jets, people familiar with the matter said. Boeing’s review found that some flights by the executives in 2021 and 2022 “were not previously classified as perquisites by the company but should have been classified as such in accordance with SEC rules and guidance," the company said in its proxy filing April 5.

Thailand’s state authorities held a meeting on Tuesday, calling to regulate peer-to-peer (P2P) cryptocurrency purchases and comprehensively prevent online fraud.

Delhi High Court has said there is no bar under the Constitution on political parties, which are granted recognition by the State Election Commission (SEC), from contesting municipal polls. The court has also said the allocation of poll symbols to political parties by the SEC for municipal elections is reasonable and not arbitrary. The court passed an order to this effect while dismissing a petition that had sought a direction to the SEC here to stop putting the reserved symbols for political parties on the list of contesting candidates. The plea had also sought a direction to the SEC to conduct the election to the Municipal Corporation of Delhi (MCD) without the reserved symbols, which allegedly violated the petitioner's fundamental rights as enshrined under Article 14 (equality before law) of the Constitution.

Ethereum (ETH) is classified as a security, a spot Ethereum exchange-traded fund (ETF) might still be possible. The recent launch of several Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) was a positive step for the crypto industry, offering investors a clearer path to participate in the virtual digital asset class. This regulatory progress has fueled optimism within the crypto space, with many anticipating a similar green light for Ethereum ETFs in the near future. The success of Bitcoin ETFs, alongside the ongoing price rally, has undeniably instilled a sense of excitement about the potential of Ethereum and the broader blockchain landscape.

Uniswap Labs, the creator of the Uniswap decentralized exchange (DEX) protocol and the issuer of the UNI token, was hit on Wednesday with a Wells notice by the US Securities and Exchange Commission (SEC) and vowed to fight back.