SEC Charges Violation On Security-Based Swaps Funded By Bitcoin

Crime, Investing, News, Regulation | September 27, 2018 By:

The Securities and Exchange Commission has filed charges against an international securities dealer and its Austria-based CEO for allegedly violating the federal securities laws in connection with security-based swaps funded with bitcoins.

According to the SEC’s complaint, 1pool Ltd. a/k/a 1Broker, registered in the Republic of the Marshall Islands,

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SEC’s Christopher Hetner To Exit Post As Sr. Advisor For Cybersecurity

News, Regulation | September 19, 2018 By:

The Securities and Exchange Commission has announced that Christopher R. Hetner, senior advisor to chairman Jay Clayton for cybersecurity policy, plans to leave the agency. Hetner will remain in the chairman’s office during the identification of and transition to his successor.

Hetner previously served as senior advisor for cybersecurity policy for former Chair Mary Jo White and former acting chairman Michael Piwowar.

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SEC Cracks Down On “ICO Superstore” For Selling Unregistered Securities

Investing, News, Regulation | September 11, 2018 By:

The Securities and Exchange Commission has announced that TokenLot LLC, a self-described “ICO Superstore,” and its owners will settle charges that they acted as unregistered broker-dealers.

This is the SEC’s first case charging unregistered broker-dealers for selling digital tokens after the SEC issued The DAO Report in 2017 cautioning that those who offer and sell digital securities must comply with the federal securities laws.

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SEC Initiates First Action Against Hedge Fund Manager For Unregulated Digital Assets

Investing, News, Regulation | September 11, 2018 By:

 

The Securities and Exchange Commission has initiated its first enforcement action finding an investment company registration violation by a hedge fund manager based on its investments in digital assets.

The SEC entered an order finding that Crypto Asset Management LP (CAM) offered a fund that operated as an unregistered investment company,

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