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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInElsewhere in tweeting through it – Bloomberg
Do Kwon’s Twitter account remains really good? Kwon is the founder of Terra, the crypto blockchain that blew up in a stablecoin meltdown in May. He is now wanted by South Korean prosecutors, and depending on who you believe he is either “not on the run” (his view) or “obviously on the run” (prosecutors’ view). […]
Founder Of Cyberfraud Prevention Company Sentenced To Five Years In Prison For Defrauding Investors Out Of Over $100 Million | DOJ
Damian Williams, the United States Attorney for the Southern District of New York, announced that ADAM ROGAS, the co-founder and former CEO, CFO, and member of the board of directors of a Las Vegas-based cyberfraud prevention company NS8, Inc. (“NS8”), was sentenced today in Manhattan federal court to five years in prison for engaging in […]
El Salvador’s Bitcoin ‘Revolution’ Is Failing Badly – Bloomberg
A year in, it’s clear the move is failing. Almost no one in the country is using Bitcoin, and the few who bought after Bukele made it legal tender would’ve lost big: Bitcoin has dropped 61% since September 2021. In a country where many live on less than $10 a day, he spent hundreds of […]
U.S. SEC levied $6.4 bln from enforcement in fiscal 2022 -chair | Reuters
The U.S. Securities and Exchange Commission (SEC) levied $6.4 billion in enforcement actions, including $4 billion in penalties, in fiscal 2022, the agency’s chair Gary Gensler said on Wednesday. The large number of fines, fees and penalties from about 700 enforcement actions marks a record and underscores the Wall Street regulator’s more aggressive stance against […]
Fidelity Opens Waiting List for Retail Crypto Product
Financial services giant Fidelity Investments has opened the waiting list for Fidelity Crypto, its crypto product aimed at retail customers. The upcoming product launch is another sign of the investment giant’s interest in crypto. Fidelity Digital Assets, a unit of the firm, already offers crypto investing to institutional clients. According to Fidelity’s website, the new […]
Goldman Sachs unveils crypto classification system, aimed at institutional investors
The new service is called Datonomy — a play on the word taxonomy, which is the branch of science concerned with naming and classifying the natural world — and can be accessed as a subscription-based data feed or through Marquee, which is Goldman’s digital storefront for institutional investors. New product from Goldman Sachs, MSCI and […]