June 30, 2020/US SEC The Securities and Exchange Commission today issued an order to update the filing threshold for broker-dealers’ Form 17-H filings made pursuant to Exchange Act Rules 17h-1T and Rule 17h-2T. The threshold, which had not been updated in nearly 30 years, will exempt certain smaller broker-dealers from […]
Frauds & Scandals
SEC Nigeria Disclaims iBSmartify Nigeria
June 28, 2020/SEC Nigeria The Securities and Exchange Commission, SEC, has disclaimed the activities of iBSmartify Nigeria as neither the entity nor the illegal products they offer are registered or regulated by the Commission.According to the SEC, “The attention of the Commission has been drawn to the activities of iBSmartify […]
Telegram to Return $1.2 Billion to Investors and Pay $18.5 Million Penalty to Settle SEC Charges
June 26, 2020/US SEC The Securities and Exchange Commission announced today that it obtained court approval of settlements with Telegram Group Inc. and its wholly owned subsidiary TON Issuer Inc. to resolve charges that Telegram’s unregistered offering of digital tokens called “Grams” violated the federal securities laws. The defendants agreed to return […]
