The Securities and Exchange Commission is moving to penalize Ripple Labs for violations of federal securities regulations, Reuters reports. Ripple Chief Legal Officer Stuart Alderoty posted on X that the SEC is seeking fines and penalties against the company totaling...
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Securities and Compliance
SEC tightens regulations for internet-based investment advisers
The Securities and Exchange Commission announced that it has updated its regulations regarding investment advisers who operate exclusively through the internet. The amendments adopted by the SEC involve the rule permitting certain internet investment advisers to...
SEC reports on progress in diversity, equity, inclusion, and accessibility
The Securities and Exchange Commission issued its annual progress report on its mission to promote diversity, equity, inclusion and accessibility within the agency’s workforce. The efforts were summarized by the SEC’s Office of Minority and Women Inclusion (OMWI) in...
Judge sanctions SEC in dispute with blockchain technology firm
A federal judge has imposed sanctions on the Securities and Exchange Commission in a case involving a Utah-based cryptocurrency company, according to Reuters. Last July, the SEC petitioned for a temporary restraining order and an asset freeze against blockchain...
SEC investigating investment advisory firms over off-channel communications
The Securities and Exchange Commission is expanding its scrutiny of violations involving off-channel communications, according to a ThinkAdvisor report. To date, the commission has levied over $3 billion in fines as part of its enforcement actions over recordkeeping...