Daily Archives: May 20, 2019, 9:59 am

The Looming SEC IEO Fintech Smackdown | LinkedIn

Another SEC crypto-crackdown is in the works with a brand new target: the so-called initial exchange offering, or “IEO.” But what the heck is an IEO? Not to be confused with initial coin offerings (or “ICOs”), an IEO is a crypto-financing model offered and administrated via a cryptocurrency trading platform on behalf of a company (typically some form of start-up) that…

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Some Securities Fraudsters Escape Paying SEC Fines – WSJ

Wall Street watchdogs often tout the fines they levy on alleged wrongdoers. Yet much of that money is never collected. The Securities and Exchange Commission over the five years ending in 2018 took in 55% of the $20 billion in enforcement fines set through settlements or court judgments, according to agency statistics. During the prior five years, from 2009 through…

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SEC Enforcement Actions against Public Companies Remain at Near-Record Levels Despite Government Shutdown | Cornerstone Research

U.S. Securities and Exchange Commission enforcement actions against public companies and their subsidiaries remained at near-record levels through the first half of the 2019 fiscal year, which ended March 31. According to a report released today by the NYU Pollack Center for Law & Business and Cornerstone Research, enforcement actions reached these levels despite the federal government shutdown that led…

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