The Securities and Exchange Commission on Friday announced an award of nearly $279 million to a whistleblower whose information helped the agency with...
The Securities and Exchange Commission on Friday announced an award of nearly $279 million to a whistleblower whose information helped the agency with enforcement. It’s the highest amount in the whistleblower program’s history, the agency said, more than doubling a $114 million payment made in October 2020.
Gurbir Grewal, the SEC’s enforcement director, said whistleblower tips have aided enforcement actions resulting in bad actors disgorging more than $4 billion in ill-gotten gains and interest. The SEC did not name a company in its press release. The agency does not disclose information about whistleblowers’ identities....
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC Ordered to Respond to Coinbase Allegations Within 10 DaysThe U.S. Securities and Exchange Commission (SEC) has been ordered by a U.S. court to respond to cryptocurrency exchange Coinbase's (COIN) complaint over how it applies securities laws to digital assets. The Third Circuit Court of Appeals said in a Wednesday filing that the SEC must file its response within 10 days. Coinbase may then file a response seven days thereafter. 'The Hash' panel discusses the latest in crypto regulation.
Read more »
Securities token platform launches MPC wallet for institutionsThe MPC wallet was created in partnership with wallet infrastructure provider BitGo.
Read more »
Supposed AI-Based Crypto Token Using Musk's Image Targeted by Texas Securities BoardFive U.S. states are ordering TruthGPT Coin promoters to cease and desist using images of Elon Musk, CZ and Vitalik Buterin to promote what they describe as an investment scam.
Read more »
Texas Securities Board Targets Alleged AI-Powered Crypto Scam | CoinMarketCapCryptoNews: Securities Commissioner Travis J. Iles issued an Emergency Cease and Desist Order to halt an investment scheme allegedly powered by artificial intelligence and endorsed by Elon Musk. 👀
Read more »
SEC removes definition of 'digital assets' from final hedge fund rulesThe U.S. Securities and Exchange Commission (SEC) has deleted its proposed definition of 'digital assets' from the final Form PF rules.
Read more »
Lawmakers ask SEC to assess Shein supply chain before IPOA group of lawmakers are asking the Securities and Exchange Commission to stop an initial public offering by the fast fashion retailer Shein until it verifies it does not user forced labor from China's predominantly Muslim Uyghur population. Shein hasn’t said whether it plans to go public this year. But some news outlets have reported in the past few months that it's raising money in anticipation of a U.S. listing in the second half of this year. The letter also comes a few weeks after the launch of an anonymous coalition called “Shut Down Shein.' A Shein spokesperson said in a statement the company has “zero tolerance” for forced labor.
Read more »