Category: Securities and Exchange Commission

Crypto Lender Nexo Is Fined $45 Million

The New York Times – Business:
It’s the latest cryptocurrency company to draw scrutiny from regulators, who are seeking to rein in the industry after the collapse of FTX.
Elon Musk Faces Trial Over His 2018 Plan to Take Tesla Private

The New York Times – Business:
Investors are seeking billions of dollars in damages for their losses after Mr. Musk posted a proposal on Twitter that never materialized.
SEC Fines Steve Easterbrook, McDonald’s Ex-CEO

The New York Times – Business:
The Securities and Exchange Commission fined Steve Easterbrook for lack of disclosure about the circumstances behind his firing in 2019.
S.E.C. Inquiry Into Former Senator’s Stock Sales Is Closed Without Charges

The New York Times – Business:
The Securities and Exchange Commission ended its investigation into former Senator Richard Burr, three years after he sold more than $1.6 million in stocks following Covid-19 briefings.
Financial Planning for Retirement: It’s More Accessible, but Be Careful

The New York Times – Business:
Financial planning and advice is no longer just for the wealthy. It can be especially important when planning for your later years.
Coinbase Reaches $100 Million Settlement With New York Regulators

The New York Times – Business:
The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.
Even After FTX, S.E.C. Chair Sees No Need for New Crypto Laws

The New York Times – Business:
The Securities and Exchange Commission chair, Gary Gensler, said existing rules were adequate but warned crypto issuers and exchanges on compliance.
The Week in Business: The FTX Founder’s Rapid Fall

The New York Times – Business:
Elon Musk suspends several journalists’ Twitter accounts, then reinstates them. The Fed is continuing to raise interest rates. And inflation is affecting the mind-set of holiday shoppers.
A Group of ‘FinTwit’ Influencers Faces Stock Fraud Charges

The New York Times – Business:
The conspirators used podcasts and social media to talk up stock prices to their large followings, then sold their shares, according to court filings by the S.E.C. and the Justice Department.
Prosecutors Charge that FTX Was Engaged in Fraud from the Beginning

The New York Times – Business:
A criminal indictment unsealed on Tuesday and a complaint by the S.E.C. describe years of wrongdoing in Sam Bankman-Fried’s crypto empire.
S.E.C. Charges Sam Bankman-Fried With Defrauding FTX Investors

The New York Times – Business:
The founder of the collapsed crypto exchange was accused of “orchestrating a scheme to defraud equity investors” who put more than $1.8 billion into the company.
FTX Founder Sam Bankman-Fried Faces Market Manipulation Inquiry

The New York Times – Business:
Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May.