Florida-based company agrees to settle charge concerning interest feature on crypto asset accounts February 7, 2024/US SEC The Securities and Exchange Commission today announced charges against TradeStation Crypto, Inc., based in Plantation, Florida, for failing to register the offer and sale of a crypto lending product that allowed U.S. investors […]
Frauds & Scandals
SEC Obtains Final Judgment Against Defendant for Role in Bribery Scheme
February 6, 2024/US SEC On February 5, 2024, the Securities and Exchange Commission obtained a final judgment against defendant Jeffrey Auerbach, whom the SEC previously charged for his role in a fraudulent scheme to bribe a stockbroker to buy a company’s stock in his customers’ accounts without the customers’ knowledge. […]
SEC Obtains Judgments Against Former Co-CEOs of Tech Startup Bitwise Industries
February 5, 2024/US SEC On January 31, 2024, the U.S. District Court for the Eastern District of California entered judgments against Jake Soberal and Irma Olguin, Jr., the former co-CEOs of Fresno, California-based private technology services startup Bitwise Industries Inc., in an action alleging that they misled investors about the […]