Daily Archives: November 7, 2019, 9:23 am

Facebook executive David Marcus says Bitcoin is an investment, not currency

David Marcus, the head of Facebook’s cryptocurrency projects, on Wednesday said that Bitcoin is digital gold, but it’s not a good currency for transactions. “I don’t think of Bitcoin as a currency. It’s actually not a great medium of exchange because of it’s volatility,” Marcus said speaking at the New York Times DealBook Conference in New York. “I see it…

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Third of SEC Enforcement Actions in FY ’19 Involved Advisors | ThinkAdvisor

The Securities and Exchange Commission brought a diverse mix of 862 enforcement actions in fiscal year 2019, of which 526 were “standalone” actions of which the plurality, 36%, involved advisory and investment company issues. The securities regulator’s enforcement division notes in its just-released annual report that it also obtained judgments and orders totaling more than $4.3 billion in disgorgement and…

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