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Tag Archives: SEC

SEC Suspends Trading in Cryptocurrency-Fueled Trio of Companies

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The US securities watchdog has put the kibosh on trading in three listed companies with ties to cryptocurrencies and blockchain. On Feb. 16, the US Securities and Exchange Commission (SEC) announced it had suspended trading in these entities — all three of which have the same CEO ...

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SEC Director of Investor Education: ‘Don’t Flip A Coin… | News

The US Securities and Exchange Commission (SEC) investor’s website published a light-hearted notice this week to all investors considering buying the “latest new cryptocurrency or token.” Lori Schock, the Director of the SEC’s Office of Investor Education and Advocacy, wrote an informal post aimed at the everyday retail crypto investor, beginning with an anecdote from a visit to a retirement ...

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BitFunder Founder Charged by SEC for Stealing $61 Million Worth of Bitcoin

Today, the U.S. Securities and Exchange Commission (SEC) brought charges against Jon E. Montroll and his exchange BitFunder for operating an unregistered securities exchange and defrauding users. On top of that, the agency also charged the operator — Montroll — with making false and misleading statements in connection with an unregistered offering of securities. BitFunder was a platform that permitted users ...

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SEC Suspends Trading In 3 Companies Due To ‘Questions’… | News

The Securities and Exchange Commission (SEC) published a report Thursday, Feb. 15 explaining the temporary suspension of trading in three companies that had made statements about acquiring cryptocurrency and “Blockchain technology-related assets”. All three companies, Cherubim Interests (CHIT), PDX Partners (PDXP), and Victura Construction Group (VICT) have been suspended starting Feb. 16 for two weeks for investor protection purposes. The ...

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Durov Brothers File Telegram And TON With SEC, Report… | News

Telegram creators Pavel and Nikolai Durov have filed a “Notice of Exempt Offering of Securities” with the US Securities and Exchange Commission (SEC) Feb. 13, reporting $850 mln raised under the SEC exemption Rule 506(c) from 81 investors for “the development of the TON Blockchain, the development and maintenance of Telegram Messenger.” The type of securities offered in the SEC ...

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SEC Halts Trading of Three Companies with Assets Tied to Cryptocurrencies

The U.S. Securities and Exchange Commission (SEC) has halted trading in three companies claiming acquisitions of assets tied to cryptocurrency and blockchain technologies. The agency said it had questions about their business operations and the value of the companies assets. Cherubim Interests Inc., PDX Partners Inc., and Victura Construction Group Inc. issued similar press releases stating they acquired the assets from a subsidiary of a private-equity investor. ...

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SEC Suspends Trading of 3 Penny Stocks With Tenuous Ties to Cryptocurrency, Blockchain

Today, February 16, 2018, the Securities and Exchange Commission (SEC) issued a press release announcing trading suspension of three companies that acquired AAA-rated assets from “a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.” The three companies in question, PDX Partners, Inc., Victura Construction Group, and Cherubim Interests, Inc., had trading of their stocks ...

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SEC Refuses Request For Information On Disputed Tezos… | News

The U.S. Securities and Exchange Commission (SEC) declined to provide information on Blockchain project Tezos requested by attorney David Silver via the Freedom of Information Act (FOIA), Reuters reported Feb. 10. Silver represents plaintiffs in a lawsuit filed against Tezos back in November, 2017, the second of several lawsuits against the company since it gathered $232 mln in a record-breaking ...

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SEC Hints at Tighter Regulation for ICOs, Smart Polici… | News

During the US Securities and Exchange Commission (SEC) and Commodities and Futures Trading Commission (CFTC) senate hearing on February 6 2018, SEC chairman Jay Clayton emphasized that initial coin offerings (ICOs) will be met with tighter regulations, while true cryptocurrencies will be embraced with smart policies. Hard for ICOs At the senate hearing (as previously reported by Cointelegraph) Jay Clayton ...

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SEC, CFTC Breathe Life Into Floundering Crypto Market | News

Bitcoin and its crypto brethren received an unlikely lifeline from American trading regulators on Tuesday this week, which ended in a complete turnaround after a nasty market crash. The Commodities and Future Trading Commission and the US Securities Exchange Commission held a highly anticipated hearing on Tuesday, focused on their stance towards cryptocurrencies, initial coin offerings and Blockchain technology. The ...

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