The SEC’s Stablecoin Crackdown Could Reshape The Entire Crypto Market


The SEC’s Stablecoin Crackdown Could Reshape The Entire Crypto Market
The SEC’s Stablecoin Crackdown Could Reshape The Entire Crypto Market The SEC has ordered Paxos to stop trading its stablecoin, BUSD, and may issue charges against the blockchain platform US regulators have made a series of high-profile fines in the industry after the FTX crashed the market Other…
#securitieslawyer

SEC Charges Options Clearing Corporation with Rule Failures


SEC Charges Options Clearing Corporation with Rule Failures
The Securities and Exchange Commission today announced that The Options Clearing Corporation (OCC) will undertake remedial efforts and pay $17 million in penalties to settle charges that it failed to comply with its SEC-approved Stress Testing and…

Read the Full Press Release
Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
#securitiesattorney

SEC Charges Terraform and CEO Do Kwon with Defrauding Investors in Crypto Schemes


SEC Charges Terraform and CEO Do Kwon with Defrauding Investors in Crypto Schemes
The Securities and Exchange Commission today charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities…

Read the Full Press Release
Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
#securitieslawyer

SEC Charges Final Participant in Multi-Million Dollar Scheme to Spread and Trade on False Rumors about Public Companies


SEC Charges Final Participant in Multi-Million Dollar Scheme to Spread and Trade on False Rumors about Public Companies
The Securities and Exchange Commission today charged Milan Vinod Patel, of Cumming, Georgia, for spreading more than 100 false rumors about public companies to generate more than $1 million in illicit trading profits. The SEC previously charged Barton…

Read the Full Press Release
Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
#securitieslawyer

SEC Charges NBA Hall of Famer Paul Pierce for Unlawfully Touting and Making Misleading Statements about Crypto Security


SEC Charges NBA Hall of Famer Paul Pierce for Unlawfully Touting and Making Misleading Statements about Crypto Security
The Securities and Exchange Commission today announced charges against former NBA player Paul Pierce for touting EMAX tokens, crypto asset securities offered and sold by EthereumMax, on social media without disclosing the payment he received for the…

Read the Full Press Release
Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
#securitieslawyer

SEC Finalizes Rules to Reduce Risks in Clearance and Settlement


SEC Finalizes Rules to Reduce Risks in Clearance and Settlement
The Securities and Exchange Commission today adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one (T+1). The final rule is designed to…

Read the Full Press Release
Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
#securitiesattorney

Housing Market Downturn Pushes Record Number Of Investors Away—Here’s Why That’s Good News For Home Buyers


Housing Market Downturn Pushes Record Number Of Investors Away—Here’s Why That’s Good News For Home Buyers
Last quarter’s drop in investor purchases surpassed the largest decline during the subprime mortgage crisis in 2008, when investor purchases slumped 45% as the housing market abruptly imploded.
#securitiesattorney #seclaw