A cryptocurrency investor in Arizona has alleged that digital asset ranking site CoinMarketCap.com unfairly suppressed the ranking of a token that competes directly with the digital currency issued by CoinMarketCap's corporate owner, Binance Capital Management....
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What Constitutes a Material Omission in Securities Law?
Any party who issues, sells or promotes securities is forbidden from making false or misleading statements and from omitting material information regarding the security. What is a material omission? According to the U.S. Securities and Exchange Commission (SEC), a...
SEC Scrutinizes Rules on Stock Trading by Executives
Corporate executives and their trading practices are being further scrutinized by the U.S. Securities and Exchange Commission (SEC), which is reviewing possible rule changes, as well as possible abuses of existing rules pertaining to stock trading options. The SEC’s...
Corporations Must Navigate Risks as Interest in Crypto Intensifies
Rather than investing in traditional low-risk, low-yield assets like commercial paper, money markets and government debt, corporations are increasingly converting cash reserves into digital currencies. For many, cryptocurrencies are a hedge against inflation concerns...
Broker-Dealer Ordered to Pay $1.5 Million for Failing to Report Account Hacks
Data breaches are a growing concern for broker-dealers in the financial services industry. In recent months, the Securities and Exchange Commission (SEC) has reported a spike in "attempts by outside bad actors" to gain access to accounts. For broker-dealers, failing...
SEC’s Contradictions on Display in Case Against Ripple
Of the many matters overseen by the U.S. Securities and Exchange Commission (SEC), regulatory efforts aimed at cryptocurrency have given rise to some of the agency's perhaps most boggling determinations. That was made clear in a recent discovery hearing in the U.S....
New York Considers Consumer Data Protection Law Similar to Those in California and Virginia
As the collection of personal information is increasingly part of doing business in the United States and abroad, a growing number of states are passing privacy laws in an effort to protect individuals' personal data. For example, the California Consumer Privacy Act...
Some Believe Tesla Could Be Investigated by SEC
Elon Musk, the South African CEO of Tesla – and of other companies – is an ongoing beacon of investment news, and his use of Twitter has had a noticeable influence on the value of particular stocks over the years. Signal Advance, Dogecoin and GameStop are examples of...
GameStop Tumult Puts Hedge Fund Industry in the Spotlight
The buying frenzy in GameStop Corp. stock, which began late last month and saw the price rise as much as 1,700% as amateur traders using an online trading platform egged one another on, is apparently over (for now). Even with a slight bump up last Friday, the stock...
Robinhood Brokerage Accused of Securities Violations
According to legend, the heroic outlaw Robin Hood robbed from the rich to give to the poor. But, according to a pair of lawsuits filed by the Securities and Exchange Commission (SEC) and the state of Massachusetts, Robinhood Financial LLC is accused of taking...