Regulation
Complex Products, Including Crypto, Highlighted in SEC Exam Priorities
Variable annuities, certain REITs and private holdings were other examples listed in the notice.
Tag: Cryptocurrency
Regulation
SEC Charges Hex Crypto Token Owner with Fraud and Offering Unregistered Securities
Richard Heart allegedly offered more than $1 billion in unregistered digital securities and stole $12 million in investor funds, according to the SEC
Regulation
SEC Chair Gensler Says Crypto Is ‘Rife With Fraud’
The comments come as the SEC reviews applications for six Bitcoin ETFs.
Regulation
‘Transformative’ Artificial Intelligence May Still Present Conflicts of Interest
At a talk hosted by the National Press Club, SEC Chair Gary Gensler explained that while AI presents many economic opportunities, there is also major potential for conflicts of interest.
News
Coinbase Keeps Expanding Despite Financial, Regulatory Woes
Battered crypto exchange sets up international operation, even as SEC scrutinizes its business practices.
Asset Allocation
Coinbase Acquires One River Digital
The digital asset manager will become Coinbase Asset Management, with CEO Eric Peters remaining on board.
Research
U.S. Asset Managers Fear Federal Reserve Rate Hikes Will Cause Recession
Asset managers are concerned that higher rates will spark a liquidity crisis and 27% fear that continued rate hikes will cause significant equity market losses, CoreData Research finds.
Newsmakers
Sequoia Capital, Thoma Bravo, Paradigm Sued for Touting FTX
Investment firms allegedly made ‘deceptive and misleading statements’ to promote the failed crypto exchange.
Research
ESG Themes to Be Aware of in 2023
Top concerns for ESG investing in 2023 include net-zero emissions targets, employee well-being and data scarcity, according to one annual global outlook.
Risk
Crypto Bloodbath Won’t Stop Spreading, as Some Lose the Right to Their Money
A bankruptcy judge’s ruling against customers in the Celsius case is the latest blow.
Newsmakers
Ontario Teachers Pension Could Lose $95 Million on FTX Investment
The $183 billion Canadian pension fund said its exposure to failed crypto exchange was minimal.
Regulation
Kim Kardashian Agrees to Pay SEC $1.26 Million for Touting Crypto
Reality TV star also agreed not to promote digital tokens for three years for failing to disclose promotional payment.
Risk
Criminality Proves Resilient During Crypto Crash
Losses from cryptocurrency hacks rise 60% during first seven months of 2022.
Asset Allocation
CDPQ Loses 7.9% in First Half, Writes Off Crypto Loss
Canada’s second largest pension is looking at legal options over failed $150 million crypto investment.
Newsmakers
Latest Sign of Crypto Decline: Scaramucci Bars Fund Redemptions
Despite a small bitcoin rally recently, several notable financial firms are retreating from digital currencies or running into trouble.