Daily Archives: June 20, 2018, 4:17 pm

SEC Unveils Enforcement Goals in Strategic Plan Draft | Institutional Investor

The SEC also said it would center its enforcement activities on addressing misconduct that impacts retail investors, including areas like securities custody and penny stock trading. Such a move would mark a shift from the previous enforcement regime: Under former SEC chair Mary Jo White, the regulator had paid close attention to issues impacting institutional investors, such as private equity…

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South Korea crypto exchange Bithumb says it was hacked, coins stolen

South Korea-based cryptocurrency exchange Bithumb said Wednesday it was temporarily suspending deposit and withdrawal services after about $30 million worth of cryptocurrency was stolen. The Seoul-based operator said on Twitter that the stolen coins would be covered from Bithumb’s own reserves and that all users’ assets are being transferred to safer “cold wallet.” via South Korea crypto exchange Bithumb says…

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Improving the SEC’s Enforcement Program: A Ten-Point Blueprint for Reform — Center for Financial Stability

  With the transition to a new Commission, the SEC should take the opportunity to review, evaluate and improve its enforcement program. In light of the SEC’s mission to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation, the SEC should take steps to ensure it is allocating resources properly, striking an appropriate balance between regulation and…

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