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Securities and Exchange Commission
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Securities and Exchange Commission

News RoundupFintechUSA
·Mar. 5, 2020

SEC Proposes Rule Changes to Crowdfunding and Reg A+

The Securities and Exchange Commission proposed significant changes to crowdfunding and Reg A+ in a big to boost the use...
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USANews RoundupFintech
·Jun. 7, 2019

SEC Votes to Make Brokers & Investment Advisers Act in Best Interests of Clients

The Securities and Exchange Commission voted to finalize rules that require brokers and investment advisers to act in the best...
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USANews RoundupFintech
·Apr. 22, 2019

Prosper Fined by the SEC for Inflating Investor Returns

The Securities and Exchange Commission fined online lender Prosper late last week for inflating returns to more than 30,000 investors;...
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USANews RoundupFintech
·May. 17, 2018

SEC Launches Fake ICO to Educate Investors

The U.S. Securities and Exchange Commission launched a mock ICO to help educate investors; the HoweyCoin, named after the Howey...
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News RoundupFintechUSA
·Nov. 13, 2017

SEC Lays Out New Guidelines on Cybersecurity Breaches

Publicly traded companies will soon face new regulatory requirements when it comes to reporting cybersecurity breached to investors; the SEC did not establish a timeline for when these new regulations will be in place or to what level a breach would need to be for disclosure purposes; this is in response to recent breaches of Equifax and the SEC which were disclosed well after the incident. Source.

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News RoundupFintechUSA
·Jun. 20, 2019

Crypto Startups Face Regulatory Logjam

There are more than 35 cryptocurrency startups who have applied to become regulated but are stuck in limbo due to...
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News RoundupFintechUSA
·Jun. 6, 2019

U.S. SEC Sues Messaging App Kik for $100mn Initial Coin Offering

The U.S. Securities and Exchange Commission has filed a lawsuit against Canadian messaging app Kik over their $100mn initial coin...
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USANews RoundupFintech
·Jan. 25, 2019

Will a Bitcoin ETF be Approved Any Time Soon?

There are currently no active bitcoin ETF proposals in front of the SEC with VanEck, SolidX and Cboe BZX Exchange withdrawing...
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News RoundupFintechUSA
·Dec. 18, 2017

Bitcoin ETFs Hope the Launch of the Futures Market will Help Their Chances of Approval

In March the Securities and Exchange Commission denied approval for a Bitcoin ETF by the Winklevoss twins because they said too many bitcoin markets were unregulated; with recent futures markets at the CBOE and CME starting there is new hope for ETF approvals; previous filings for ETFs are now being refilled and newer ETFs are being filed as recently as late last week; there has been similar products in Canada and Switzerland with both trading at premiums. Source.

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News RoundupFintechUSA
·Oct. 2, 2017

SEC Goes After Fraudulent ICOs

The Securities and Exchange Commission has charged two companies who they claim were operating fraudulent ICOs; REcoin Group Foundation and DRC World were claimed to defraud investors and sold unregistered securities; both companies claimed they had significant operations and networks when in reality they were shell companies; this continues a worldwide trend by financial regulators who are beginning to come down on the exploding ICO market. Source.

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