SEC

The Securities and Exchange Commission announced charges against HSBC Securities (USA) Inc. and Scotia Capital (USA) Inc. for “widespread and longstanding” failures by both firms and their employees to maintain and preserve electronic communications. Read on for more details. Read on »

Crypto exchange Bittrex announced it filed for Chapter 11 bankruptcy in federal court in Delaware following a Securities and Exchange Commission investigation and suit and the decision to cease operations in the U.S. in April. Read on for more details. Read on »

Cryptocurrency exchange platform Coinbase filed an action in federal court seeking to compel the Securities and Exchange Commission (SEC) to provide a response to a petition filed by the company in July 2022. The petition requested the SEC propose and adopt clearer regulatory guidelines for the cryptocurrency industry. Read on for more details. Read on »

In a recent unanimous decision from the Supreme Court, the court held that entities and individuals facing administrative proceedings from the Federal Trade Commission and the Securities and Exchange Commission have the right to enjoin those proceedings through a suit before a federal district court before the administrative proceeding has concluded. Read on for more details. Read on »

The Securities and Exchange Commission charged crypto trading platform Bittrex, Inc. and its former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. Read on for more details. Read on »

The Securities and Exchange Commission appointed a new inspector general, who will take over the role effective May 7. Read on for more details. Read on »

Chair of the House Financial Services Committee Rep. Patrick McHenry (R-N.C.), and Chair of the Subcommittee on Oversight and Investigations Rep. Bill Huizenga (R-Mich.) sent a letter to Securities and Exchange Commission Chair Gary Gensler demanding further information relating to the charges filed by the agency against FTX founder Sam Bankman-Fried. Read on for more details. Read on »

The U.S. Securities and Exchange Commission is petitioning the Supreme Court for writ of certiorari to review a case questioning the constitutionality of internally adjudicated administrative enforcement proceedings and the for-cause removal restrictions of administrative law judges in agencies whose heads also have for-cause removal protections. Read on for more details. Read on »

Rep. Maxine Waters (D-Calif.) proposed legislation to increase the federal government’s clawback authority following the collapse of Silicon Valley and Signature. Read on for more details. Read on »

The U.S. Securities and Exchange Commission announced charges against Singapore-based Terraform Labs PTE Ltd and its CEO for the orchestration of a “multi-billion-dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.” Since a South Korean court issued an arrest warrant for Kwon in September 2022, his location has remained unknown. Read on for more details. Read on »