SEC Financial News

The U.S. Securities and Exchange Commission (SEC) has charged London-based audit firm, Crowe U.K. LLP, its CEO, Nigel Bostock, and senior auditor, Matthew Stallabrass, concerning their deficient audit of the music streaming company, Akazoo Limited. The parties involved have agreed to settle the SEC's charges.

The stance of the United States Securities and Exchange Commission (SEC) on Bitcoin spot ETFs has been the subject of extensive debate and speculation. John Reed Stark, who serves as the President of John Reed Stark Consulting LLC and was previously the Chief of the SEC Office of Internet Enforcement, has carried out an analysis on Twitter. His findings suggest that the 2024 U.S. Presidential Election could represent a pivotal moment in shaping the SEC's policy towards Bitcoin spot ETFs.

A bankruptcy judge has refused to determine whether CEL, the native token of Celsius, should be classified as a security, citing the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC). 

Punjab, Delhi, Uttar Pradesh, Rajasthan and Chandigarh, Kapur said the administration has denied permission for the Shobha Yatra due to a meeting of the G20 Sherpa Group, scheduled to be held in Nuh during 3-7 September -The Nuh authorities had recently denied permission to hold the religious procession on August 28 after an earlier one in July was disrupted following communal violence -On Saturday VHP leader Dr Surendra Jain said that ‘no permission is required for religious rally’ on the party's call for ‘Shobha Yatra’ in communally afflicted Nuh district in Haryana. “Permission for religious rally is not required...The administration comes forward and extends support for the religious rally." Jain said.

Pro-XRP attorney John Deaton says that the United States Securities and Exchange Commission (SEC) erred in filing aiding and abetting allegations against Ripple’s CEO Brad Garlinghouse.

Crypto asset management company Hashdex has joined the competition for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States. The firm has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin futures ETF that will hold spot Bitcoin. 

The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on the spot Bitcoin ETF proposed by ARK Investment Management and 21Shares. In a filing released on Friday and a notice dated August 11, 2023, the SEC announced that it would «institute proceedings» to determine whether to approve or deny the Bitcoin ETF, opening a 21-day public comment period.

3M has agreed to pay more than $6.5 million to resolve charges that it violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act, the Securities and Exchange Commission said Friday

The highest court in Massachusetts upheld the state’s investment advice standard that imposes fiduciary duty on brokers, dealing a setback to online brokerage Robinhood’s effort to kill the regulation.

The Securities and Exchange Commission Friday penalized Wells Fargo Advisors $35 million for overcharging advisory fees to certain clients who opened accounts prior to 2014 through the end of December 2022.

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college football season kicks off on Saturday, August 26 in Week 0. On this day Notre Dame will take on Navy in Ireland while Heisman Trophy winner Caleb Williams will meet San Jose State at the field of Southern California. It is called 0 week because not too many games are held this week. The season will kick off in full swing in the following weekend.

NEW YORK (Reuters) — Wells Fargo (NYSE:WFC) has agreed to pay a $35 million civil penalty to settle U.S. charges that the company overcharged advisory fees, the Securities and Exchange Commission said on Friday.

The XRP price has declined by nearly 3% in the past 24 hours, with its drop to $0.510528 also marking 27% decline in the last 30 days.

The Ethereum price has dipped by 1% today, with its fall to $1,653 coming amid a similar loss for the cryptocurrency market as a whole.

A Washington, D.C., federal court this week prevented Finra from expelling a brokerage it found to have harmed customers, but the regulator is confident it can defend its enforcement authority in that case and a separate one that was filed earlier this month.

On the BSE, S R G Sec. Fin.(down 20.00 per cent), Shoppers Stop(down 12.64 per cent), Adeshwar Meditex(down 12.56 per cent), Retro Green Revoluti(down 11.52 per cent) and Novateor Research(down 10.79 per cent) stood among the top losers in today's trade. In the Nifty pack, 9 stocks closed in the green, while 41 stocks ended in the red. The index closed 120.9 points down at 19265.8. On the BSE, S R G Sec.

mortgage lender, which went public via a blank-check company merger just as mortgage rates have hit two-decade highs. Backed by SoftBank, Better completed its combination with special purpose acquisition company (SPAC) Aurora Acquisition Corp, capping a rocky deal that was first announced in 2021 but delayed amid regulatory scrutiny and layoffs at Better. The company hit the headlines in December 2021 after it laid off 900 employees via Zoom, and has since seen its profits dented as high mortgage rates have dampened demand for home loans. Aurora went public in March 2021. Shares in Better Home & Finance Holding Co, the newly merged entity, finished the session down 93.4% at $1.15. SPACs are shell companies that raise funds through a public listing with the goal of acquiring a private company and taking it public.

Investment firms ARK Invest and 21Shares have teamed up to apply for two Ethereum futures exchange-traded funds after reports emerged last week that the United States securities regulator could soon begin approving applications.

The upcoming $1.9 billion Bitcoin (BTC) monthly options expiry on Aug. 25 is key to defining whether the $26,000 support level will hold. One could pin the recent cryptocurrency market sell-off to the U.S. Securities Exchange Commission decision to delay the spot Bitcoin exchange-traded funds (ETF), but there’s also the macroeconomic perspective.

Love or hate them, influencers are as inseparable from crypto as blockchain itself. While it’s hard to imagine a crypto space without social media influencers, they sometimes act unethically by promoting dubious tokens and profiteering at the expense of ordinary investors. Such practices are a matter of concern — not only to the crypto community members who trust them but also to regulators.