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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-04-17T17:10:00
Bittrex announced last month it would exit the United States after deeming operations in the country “no longer feasible” amid inconsistent regulatory requirements. The Securities and Exchange Commission (SEC) isn’t keen on letting the digital asset trading platform leave scot-free.
The SEC on Monday announced charges against Seattle-based Bittrex and its co-founder and former Chief Executive William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Liechtenstein-based subsidiary Bittrex Global for failing to register as a national securities exchange.
The case is the latest brought by the SEC against a crypto firm for the unregistered sale of securities. It comes three days after the agency announced the reopening of a comment period on amendments to its Exchange Act that would reiterate “the applicability of existing rules to platforms that trade crypto asset securities.”
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News and analysis for the well-informed compliance or audit exec.
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2023-08-11T15:19:00Z By Jeff Dale
The Securities and Exchange Commission ordered cryptocurrency trading platform Bittrex and its foreign affiliate Bittrex Global to pay $24 million for running an unregistered national securities exchange, broker, and clearing agency.
2023-05-08T20:05:00Z By Adrianne Appel
New York would be the first state in the nation to comprehensively regulate cryptocurrency under a sweeping bill introduced by Attorney General Letitia James.
2023-03-23T18:08:00Z By Aaron Nicodemus
Coinbase said it was served a Wells Notice by the Securities and Exchange Commission for potential violations of securities law regarding multiple of its cryptocurrency products.
2024-07-02T20:35:00Z By Adrianne Appel
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
2024-07-02T14:42:00Z By Adrianne Appel
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
2024-07-02T13:50:00Z By Aaron Nicodemus
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
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