SEC Proposes Rules to Enhance and Standardize Climate-Related Disclosures for Investors

The Securities and Exchange Commission today proposed rule changes that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that…

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SEC Issues Awards Totaling Approximately $3 Million to Three Whistleblowers

The Securities and Exchange Commission today announced three awards totaling approximately $3 million to whistleblowers who provided information and assistance in three separate covered actions. In the first order, the SEC issued an award of…

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SEC Charges Call Center Operators in $58 Million Penny Stock Scheme

The Securities and Exchange Commission today announced fraud charges against five individuals for allegedly operating a call center in Medellin, Colombia, which used high pressure sales tactics and made false and misleading statements to retail investors…

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Dave A. Sanchez to Lead Office of Municipal Securities

The Securities and Exchange Commission today announced that Dave A. Sanchez will return to the SEC to serve as Director of the Office of Municipal Securities (OMS) effective April 11. Mr. Sanchez most recently advised municipal issuers, broker-dealers…

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SEC Charges Texas School District and its Former CFO with Fraud in $20 Million Bond Sale

The Securities and Exchange Commission today charged Crosby Independent School District (Crosby ISD) and its former Chief Financial Officer, Carla Merka, with misleading investors in the sale of $20 million of municipal bonds in order to pay its…

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Register for the SEC’s 41st Annual Small Business Forum to Impact Capital Raising Policy

The Office of the Advocate for Small Business Capital Formation will host the Securities and Exchange Commission’s 41st Annual Government-Business Forum on Small Business Capital Formation over four virtual sessions April 4-7 from 1:00-2-30pm ET. Each…

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SEC Charges Previously-Barred Investment Adviser with Fraud

The Securities and Exchange Commission today charged a previously-barred North Carolina-based investment adviser with lying to retail investors about the use and value of their investments. The SEC’s complaint alleges that, starting in approximately…

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Bitcoin: Definition, origin and risks

Bitcoin is a virtual ‘cryptocurrency’ traded much like real money.

Bitcoin is a virtual currency known as a ‘cryptocurrency that can be traded between buyers and sellers much like “real” money is.

One of the very first and most high-profile cryptocurrencies launched, Bitcoin is also the most well-known of this virtual money. Bitcoin first emerged in 2009 and its creator is allegedly called Satoshi Nakamoto, though several theories exist as to Nakamoto’s real identity, according to Business Insider.

A bitcoin is essentially a digital computer file that is stored in something called a digital wallet, which can be accessed by software and apps.

Visit https://www.livescience.com/bitcoin-definition for more on Bitcoin, including

Why is Bitcoin Used?

How are Bitcoins Produced?

Is Bitcoin Safe?

Problems with Bitcoin.

SEC Awards Approximately $14 Million to Whistleblower

The Securities and Exchange Commission today announced an award of about $14 million to a whistleblower who published an online report exposing an ongoing fraud. The whistleblower, who days later shared the same information with the SEC and was…

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Biden Signs Executive Order on Cryptocurrency

On March 9, President Biden signed an Executive Order (the Order) to establish the first comprehensive federal digital asset strategy for the U.S., which would promote digital asset innovation while balancing benefits and associated risks. The order directs the Justice Department, U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau (CFPB), and many other federal agencies to study the legal and economic implications of creating a U.S. Central Bank Digital Currency (CBDC).

President Biden’s order sets deadlines for a series of reports on “the future of money,” the role that cryptocurrencies will play in a global economy, and information on a possible CBDC.

More on the President’s order at

https://www.consumerfinancialserviceslawmonitor.com/2022/03/biden-signs-executive-order-on-cryptocurrency/