SEC Financial News

A United States lawmaker wants to strip the Securities and Exchange Commission chair Gary Gensler of his salary by paying him just $1 per year.

Two groups sometimes at odds with Finra over how best to protect investors are backing the regulator against a lawsuit that questions its constitutionality.

The Office of the Inspector General (OIG) of the United States Securities and Exchange Commission (SEC) has released its annual examination of the most serious management and performance challenges facing the agency. Crypto was on its list, as no surprise to anyone in the crypto community.

The US Securities and Exchange Commission (SEC) has tried regulating the crypto space through enforcement actions in the last three years.

Ether (ETH) price surged by 6.2% from Nov. 3 to Nov. 5, but the altcoin faces difficulty in breaking the $1,900 resistance. Despite the current bullish trend, Ether's 17% return over the last 30 days falls short of Bitcoin's (BTC) impressive 27% gain during the same period.

Breakwall is a newly formed independent asset management firm expected to be regulated by the SEC as a registered investment advisor, owned and operated by the existing Riverstone Credit Partners team.

American Tower Corp (ATC) has informed the US Securities and Exchange Commission (SEC) that it has taken a $322 million (Rs 2,677 crore approx) goodwill impairment charge for its India unit in the quarter ended September 2023, amid continuing business challenges in the country. This is since the fair value of ATC’s India unit has dropped below its carrying amount in the September quarter, the Boston-based telecom tower company said in a recent global SEC filing. “The company (read: ATC) performed an interim quantitative goodwill impairment test as of September 30, 2023, using information obtained from third parties to compare the fair value of the India reporting unit to its carrying amount, including goodwill. The result indicated that the carrying amount of the company's India reporting unit exceeded its estimated fair value… as a result, the company recorded a goodwill impairment charge of $322 million for the three and nine months ended September 30, 2023,” ATC said in its US SEC filing, dated October 26. The US tower firm added that it continues to evaluate the carrying value of its Indian assets, which may result in realisation of additional impairment expenses or other similar charges. The fair value, typically, is the estimated price at which an asset is bought or sold when buyer and seller agree on a price.

Senator Cynthia Lummis (R-Wyo.) has voiced opposition to the Securities and Exchange Commission’s ongoing crackdown on the cryptocurrency industry.

Prominent cryptocurrency attorney John E. Deaton has offered insights into the Ripple Labs XRP lawsuit against the Securities and Exchange Commission (SEC). He contends that a settlement valued at $20 million or less would constitute a significant legal triumph for the company.

The conviction of former cryptocurrency mogul Sam Bankman-Fried for stealing at least $10 billion from customers and investors is the latest black mark for the crypto industry

The conviction of former cryptocurrency mogul Sam Bankman-Fried for stealing at least US$10 billion from customers and investors is the latest black mark for the cryptocurrency industry, but in Washington, there seems to be little to no interest in pushing through regulation.

Decentralized finance (DeFi) protocol SafeMoon has addressed the recent litigation by the United States Securities and Exchange Commission (SEC), expressing its intent to seek a resolution.

The US Securities and Exchange Commission (SEC) is under scrutiny after Democratic lawmaker Rep. Wiley Nickel from North Carolina criticized the agency’s management of a controversial bulletin concerning the accounting of companies’ crypto holdings.

A leading Senate Republican on financial policy wants to open private-market investing to more people who currently don’t meet the net worth or income thresholds to qualify.

Bitcoin rose suddenly on Monday, before giving up nearly all its gains after asset manager BlackRock denied a crypto media report that US regulators had approved its high-profile application for a crypto investment product.

The United States Securities and Exchange Commission (SEC) has refuted the jury’s conclusion regarding Terraform Labs’ alleged violations and has demanded a summary judgment on all the claims. 

Coinbase reported a narrower net loss of $2 million in the third quarter and a total transaction volume of $76 billion, despite a year-on-year increase in revenue, even in the face of lower trading volumes.

In its quarterly earnings report, PayPal says: "On November 1, 2023, we received a subpoena from the U.S. SEC Division of Enforcement relating to PayPal USD stablecoin. "The subpoena requests the production of documents.

With the Securities and Exchange Commission teeing up an inquiry into another giant firm’s cash sweep business, this time that of Wells Fargo & Co., securities attorneys said there is plenty for registered investment advisors connected to broker-dealers and banks to worry about if they’re falling short on telling clients how they manage their cash.

This week Bitcoin (BTC) price came within a hair of the $36,000 mark, before abruptly reversing course and correcting to $34,250. After a near 30% run over the past month, it is natural for the price to cool off as some traders take profit and market participants evaluate whether or not the catalysts for the rally remain valid. 

A growing stockpile of legal defeats suffered by the US Securities and Exchange Commission (SEC) has garnered widespread attention. One notable observer is Ripple’s Chief Legal Officer Stuart Alderoty, who has expressed concern over this trend.