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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-09-08T19:33:00
A Tennessee-based cryptocurrency asset business avoided a civil penalty in reaching settlement with the Securities and Exchange Commission (SEC) over its alleged failure to register the offer and sale of its crypto lending product.
Linus Financial agreed to cease and desist from further violations as part of the settlement, the SEC announced in a press release Thursday. The agency acknowledged Linus’s prompt remedial actions and cooperation in not levying a monetary penalty.
In or around March 2020, Linus began the offer and sale of its lending product, “Linus Interest Accounts,” in the United States, according to the SEC’s order.
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News and analysis for the well-informed compliance or audit exec.
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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.
2023-06-05T19:35:00Z By Jeff Dale
The Securities and Exchange Commission charged Binance Holdings, its U.S.-based affiliate BAM Trading Services, and their founder Changpeng Zhao with a series of securities law violations, including operating unregistered exchanges.
2023-01-20T19:54:00Z By Adrianne Appel
Nexo Capital agreed to pay a total of $45 million in penalties to settle state and federal charges it failed to register its crypto asset lending product as a security.
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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