Abra also allegedly operated as an unregistered investment company August 27, 2024/US SEC The Securities and Exchange Commission today filed settled charges against Plutus Lending LLC, which does business as Abra, for failing to register the offers and sales of its retail crypto asset lending product, Abra Earn. The SEC […]
Frauds & Scandals
SEC Charges Sound Point Capital Management for Compliance Failures in Handling of Nonpublic Information
Fund adviser’s policies failed to consider potential impact of material nonpublic information gained from role as company lenders August 27, 2024/US SEC The Securities and Exchange Commission today announced settled charges against New York-based registered investment adviser Sound Point Capital Management LP for failing to establish, maintain, and enforce written […]
SEC Issues $24 Million Awards to Two Whistleblowers
August 26, 2024/US SEC The Securities and Exchange Commission today announced awards of more than $24 million to two whistleblowers whose information and assistance led to an SEC enforcement action and an action brought by another agency. The first whistleblower will receive an award of $4 million, while the second […]
