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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-08-11T15:19:00
The Securities and Exchange Commission (SEC) ordered cryptocurrency trading platform Bittrex and its foreign affiliate to pay $24 million for running an unregistered national securities exchange, broker, and clearing agency.
Bittrex and Bittrex Global agreed to pay disgorgement of $14.4 million, a civil penalty of $5.6 million, and prejudgment interest of $4 million, the SEC announced in a press release Thursday. The settlement is subject to court approval.
The settlement resolves charges announced in April against Bittrex and its co-founder and former Chief Executive William Shihara. In March, Bittrex disclosed plans to exit the U.S. market after deeming operations in the country “no longer feasible” amid heightened regulatory scrutiny. In May, the company filed for bankruptcy in the United States.
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2023-09-08T18:31:00Z By Aaron Nicodemus
Commissioner Caroline Pham of the Commodity Futures Trading Commission proposed the agency develop a regulatory pilot program for digital asset markets where new initiatives could be introduced and refined.
2023-08-10T15:08:00Z By Jeff Dale
Online brokerage Robinhood Markets disclosed in a quarterly filing it is under investigation regarding the quality of its brokerage execution.
2023-07-18T21:06:00Z By Aaron Nicodemus
A judge’s ruling the token XRP does not intrinsically possess the characteristics of a security that must be registered with the Securities and Exchange Commission has not cleared the uncertainty that remains around the regulation of digital assets, according to experts.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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