Search Results for: Securities and Exchange Commission
$85 million ponzi scheme shuts down
May 3rd, 2018
The Securities and Exchange Commission announced the unsealing of fraud charges against a Mississippi company and its principal who allegedly bilked at least 150 investors in an $85 million Ponzi scheme. The defendants agreed to permanent injunctions, an asset ...
Yahoo agrees to pay $35 million for misleading investors after data breach
April 27th, 2018
The Securities and Exchange Commission (SEC) announced that Altaba formerly known as Yahoo! Inc. has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the world’s largest data ...
$27 million in stock sales of purported cryptocurrency company freezes
April 16th, 2018
The Securities and Exchange Commission has obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of Longfin Corp. stock involving the company, its CEO, and three other ...
Bitcoin makes a comeback
April 13th, 2018
Tax selling was the culprit behind this year’s massive bitcoin sell-offs, Spencer Bogart, a partner at Blockchain Capital, told CNBC. “People realized way more tax gains in 2017 than they expected to,” Bogart said Thursday on “Fast Money.” “And ...
Bitcoin rallies above $9,000 after positive G-20 cryptocurrency meeting
March 21st, 2018
Bitcoin prices recovered above $9,000 after regulators had “productive” discussions on cryptocurrency at a G-20 meeting of finance ministers and central bank governors in Buenos Aires, Argentina, on Tuesday. Bitcoin prices topped $9,000 after finance ministers took a more ...
Bitcoin falls to 5-week low as Ethereum drops below $600
March 15th, 2018
Bitcoin slipped to a five-week low on Thursday that also marked a drop of nearly a quarter in the cryptocurrency’s value during the first two weeks of March. The cryptocurrency dipped as much as 5.4 per cent to $7,753 ...
CySEC announced that an Administrative Services Provider waived its authorisation
March 12th, 2018
The Cyprus Securities and Exchange Commission (‘CySEC’) announces that, on 31st December 2017, the Company Providing Administrative Services Veinard Gelingen Ltd (the ‘Company’), waived its authorisation pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and ...
ETF vs. Mutual Fund: What’s the Difference?
March 6th, 2018
Exchange-traded funds (ETFs) and mutual funds are two of the most common ways for Americans to invest. And while the investment vehicles have some important similarities, they have some key differences. ETFs saw a record year of new investment ...
CySEC decided to withdraw the suspension of the authorisation of a Cyprus Investment Firm
February 23rd, 2018
The Cyprus Securities and Exchange Commission (CySEC), further to its Decision published on 17 March 2017, informs the public that, at its meeting dated 12 February 2018, decided to withdraw the suspension of the authorisation of the Cyprus Investment ...
Online retail Forex provider to pay a €138,000 penalty
February 21st, 2018
The Cyprus Securities and Exchange Commission (“CySEC”) has issued an announcement to inform that has imposed a financial penalty on ICFD Ltd (the “Company”), an investment firm that provides online retail trading products in forex. A fine of €138,000 ...
