The crypto industry is hoping that a former manager at Coinbase who has pleaded guilty in a criminal case can beat the SEC by challenging the regulator’s view that the tokens he traded were securities. Continue reading Advertisement TRENDING 1. Tuesday's budget to include grocery rebate for lower income Canadians: source 5. Advertisement Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are...

WASHINGTON—The Securities and Exchange Commission on Thursday sued Genesis Global Capital LLC and Gemini Trust Company LLC over a $900 million crypto-lending program that allegedly violated investor-protection laws. The SEC filed its civil lawsuit in Manhattan federal court alleging that Genesis should have registered the product, which would have required providing clients with detailed financial disclosures. The companies began marketing the program to individual investors in February 2021...

WASHINGTON—A banker at Goldman Sachs Group Inc. was arrested Thursday and charged with insider trading after authorities alleged he traded ahead of mergers and acquisitions that he learned about while working at the bank. Woojae “Steve” Jung, 37 years old, earned about $140,000 from illegal trades in both stocks and bullish call options, the Securities and Exchange Commission said in a separate civil lawsuit filed in federal court in Manhattan. Mr. Jung allegedly traded in shares of at least...

The chairman of the Securities and Exchange Commission on Monday fired a warning shot at companies that try to use gimmicks to capitalize on investors’ appetite for bitcoin and other cryptocurrency investments. Jay Clayton told a legal conference in California that the SEC “is looking closely” when companies suddenly profess to be significantly involved with bitcoin or blockchain, the technology that underpins many cryptocurrencies. Long Island Iced Tea Corp. LBCC -7.74% , a maker of bottled...

WASHINGTON—Private-equity firms may see less frequent oversight from regulators as the Securities and Exchange Commission pivots to focusing more on protecting retail investors, its head of examination said Thursday. Peter Driscoll, the acting chief of the SEC’s inspections and examinations office, said the agency likely won’t continue to blanket most private-equity firms for regulatory violations, an effort that has led to several high-profile enforcement actions. Private equity will remain...