Daily Archives: August 4, 2018, 11:42 am

Brokers’ Cryptocurrency Deals Are Focus of SEC Review – Bloomberg

Brokerages have been peppered in recent weeks with questions from Securities and Exchange Commission examiners about their business practices and how they deal with clients, according to one of the people, who requested anonymity to discuss the review. Among other things, the SEC is seeking specific information about fees generated from trading, financing and initial coin offerings. The agency is…

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Madoff Ponzi deniers seek records to shield their $100 million | Crain’s New York Business

Scores of Bernard Madoff’s former customers are pushing for access to a massive database of trading records and other documents seized from the con man’s now-defunct securities firm to advance a fringe theory about the epic fraud: It wasn’t a Ponzi scheme. Bizarre though it sounds, there’s a reason why they’re advancing the claim: If it wasn’t a Ponzi scheme,…

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