- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
On December 8, 2014, the SEC announced that it had filed an administrative proceeding against a computer programmer for "operating two online venues that traded securities using virtual currencies Bitcoin or Litecoin without registering the venues as broker-dealers or stock exchanges." The programmer, Ethan Burnside, agreed to settle the case ...
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Image: Bitcoin is dead; long live blockchain. To be fair, bitcoin, the much-hyped virtual currency, is hardly ready to fade into oblivion. The technology underlying those online exchanges, however, is poised to become the hottest technology to hit the financial world in years, albeit not without significant business and regulatory ...
Twelve more firms have been dinged with fines by the Securities and Exchange Commission for failing to properly supervise employees who used off-channel communications to conduct company business. In this latest round of enforcement actions, nine investment advisers and three broker-dealers will pay a total of $63 million.
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