Securities and Exchange Commission (SEC) - News, Articles & Research

SEC sues crypto exchange Kraken

The US Securities and Exchange Commission has sued Kraken, accusing the crypto trading platform of operating as an unregistered securities exchange, broker, dealer, and clearing agency.

21 November 2023

News/crypto

Bitwise distances itself from fraud charges levelled at firm of same name

Bitwise Asset Management distanced itself from charges issued by the SEC and US Department of Justice (DOJ) yesterday, which take aim at the former CEOs of defunct startup Bitwise Industries Inc.

10 November 2023

News/regulation

PayPal receives SEC subpoena over stablecoin

PayPal has received a subpoena from the Securities and Exchange Commission (SEC) requesting documentation about its recently launched stablecoin.

03 November 2023

News/people

SEC head warns AI could cause financial crisis

It is "nearly unavoidable" that AI will trigger a financial crisis within the decade unless regulators step in, says Securities and Exchange Commission head Gary Gensler.

16 October 2023

Company announcement/regulation

Sifma hits out at SEC's proposed new rules on predicitive data analytics

SIFMA and SIFMA AMG today submitted a letter to the Securities and Exchange Commission (SEC) on the proposed rules that would require the elimination or neutralization of the use of predictive data analytics (PDA) and PDA-like technologies by Broker-Dealers and RIAs.

11 October 2023

News/people

Ex-Goldman associate charged with insider trading

US prosecutors have charged a former Goldman Sachs employee with securities fraud for allegedly tipping off friends about deals over Xbox chat.

02 October 2023

Company announcement/regulation

SEC doles out more messaging violation fines

The Securities and Exchange Commission today announced charges against five broker-dealers, three dually registered broker-dealers and investment advisers, and two affiliated investment advisers for widespread and longstanding failures to maintain and preserve electronic communications.

29 September 2023

Company announcement/regulation

Deutsche Bank subsidiary DWS to pay $25 million penalty for AML and ESG violations

The Securities and Exchange Commission today charged registered investment adviser DWS Investment Management Americas Inc. (DIMA or DWS), a subsidiary of Deutsche Bank AG, in two separate enforcement actions, one addressing its failure to develop a mutual fund Anti-Money Laundering (AML) program, and the other concerning misstatements regarding its Environmental, Social, and Governance (ESG) investment process.

25 September 2023

Company announcement/regulation

Goldman to pay $6 million in penalties for deficient 'Blue Sheet' data

The Securities and Exchange Commission today announced settled charges against Goldman Sachs & Co. LLC for failing to provide complete and accurate securities trading information, known as blue sheet data, to the SEC.

25 September 2023

News/regulation

SEC predicts further crypto charges as enforcement battle continues

The US Securities and Exchange Commission (SEC) has warned that more charges are coming to exchanges and DeFi.

20 September 2023

Company announcement/regulation

SEC charges Virtu over alleged failure to safeguard insititutional customers' trade

The Securities and Exchange Commission today filed charges against broker-dealer Virtu Americas LLC and its parent company, Virtu Financial Inc. (collectively, Virtu), for making materially false and misleading statements and omissions regarding information barriers to prevent the misuse of sensitive customer information.

13 September 2023

News/crypto

Grayscale secures SEC legal win over bitcoin ETF

A US federal appeals court has sided with an asset manager in a lawsuit against the Securities and Exchange Commission (SEC) after the regulator denied an application to convert the Grayscale Bitcoin Trust into an exchange-traded fund (ETF).

30 August 2023