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.
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.
2025-10-08T18:28:00Z By Adrianne Appel
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
2025-10-07T16:08:00Z By Adrianne Appel
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
2025-10-06T17:12:00Z By Adrianne Appel
Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.
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