Daily Archives: November 12, 2018, 8:40 am

Commissioner Peirce: the meaningless of enforcement numbers and penalty amounts | Compliance Week

The Securities and Exchange Commission’s Enforcement Division on Nov. 2 issued its annual report, highlighting the Division’s activities in fiscal year 2018 from both a qualitative and quantitative perspective. But focusing on enforcement numbers and penalty amounts alone is meaningless, SEC Commissioner Hester Peirce said in recent remarks. “The current Commission is not humming happily about heaping up penalties or…

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SEC Cyber Chief Puts A New Type Of Cryptocurrency Exchange On Notice

Cryptocurrency exchanges, be warned. There’s no out-innovating the regulatory reach of the U.S. Securities and Exchange Commission. Clarifying an announcement yesterday that the SEC is in the middle of its first ever case against a cryptocurrency exchange running on the ethereum blockchain, the chief of the SEC’s newly created cyber unit, Robert Cohen, exclusively told Forbes that using any blockchain…

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