SEC

Man Pleads Guilty To Hacking SEC Social Media Account The U.S. Department of Justice on Monday announced that Eric Council pleaded guilty to conspiracy to commit aggravated identity theft in a federal court in Washington, D.C.. Council is accused of hacking the SEC's X account and posting a fake...

Following the recent comments from billionaire investor Ray Dalio on “expensive,” companies with high valuations, his fund Bridgewater Associates trimmed its positions in six of the ‘Magnificent 7’ stocks during the fourth quarter, while taking a fresh position in Elon Musk-...

The Securities and Exchange Commission has acknowledged Grayscale's applications for spot Dogecoin (CRYPTO: DOGE) and XRP (CRYPTO: XRP) ETFs. This step signals that the agency is willing to consider the proposals, a shift from its previous tendency to dismiss similar applications for alternative...

XRP (CRYPTO: XRP) emerged as one of the biggest large-cap gainers Thursday following the SEC's acknowledgment of its exchange-traded fund application by Grayscale Investments.  What happened: The third-largest cryptocurrency by market capitalization was up over 4% in the last 24 hours, while...

Hester Peirce, head of the U.S. Securities and Exchange Commission’s (SEC) cryptocurrency task force, said Wednesday that most meme coins flooding the cryptocurrency market may be out of the agency's jurisdiction.  What happened: During an interview with Bloomberg, Pierce was asked whether...

An Alabama resident on Monday confessed to hacking the SEC’s X account and posting a fake Bitcoin (CRYPTO: BTC) exchange-traded fund approval message, causing millions of dollars in market losses. What Happened: Eric Council pleaded guilty to conspiracy to commit aggravated identity...

Stephen George, former vice president and controller of Celsius Holdings, Inc. (NASDAQ:CELH), on Tuesday pleaded guilty for his role in an insider trading scheme that netted him over $1.6 million in profits. According to court documents, George was a member of the Finance Department at Celsius...

Roblox Corp. (NYSE:RBLX) is part of an active and ongoing investigation by the Securities and Exchange Commission, the agency said Friday.  The Details: The SEC confirmed the investigation Friday in a letter responding to a Freedom of Information Act request from Bloomberg News.  "We have...

Hedge fund manager Bill Ackman sent shares of UnitedHealth Group (NYSE:UNH) lower with a tweet alleging overstated profits, which comes as the health insurance company faces more scrutiny after the death of an executive. What Happened: The health insurance sector faces pressure after the killing of...

The Securities and Exchange Commission is undergoing what appears to be a significant strategic overhaul regarding its oversight of the cryptocurrency sector. This transformation is marked by key personnel changes that hint at a move away from an enforcement-heavy approach towards a more...

Litecoin (CRYPTO: LTC) soared to double-digit gains on Wednesday after the SEC formally acknowledged its exchange-traded fund application. What happened: The regulator solicited comments on the ETF applied by digital asset trading firm Canary Capital and asked for those to be submitted 21 days...

Ripple CEO Brad Garlinghouse has called for a digital asset reserve that is representative of the entire cryptocurrency industry, not just a single token, while also noting that maximalism was the enemy of progress in the crypto space. What Happened: This call comes as the Securities and Exchange...

Activist short seller, Andrew Left, who is the founder and editor of Citron Research has filed a petition with the U.S. Securities and Exchange Commission arguing for a stronger protection for free speech in online stock market discussions. What Happened: The petition comes amid Citron’s...

The Securities and Exchange Commission on Thursday repealed a cryptocurrency accounting directive that prevented banking institutions from providing custodial services for digital assets. What happened: SEC commissioner Hester Peirce, who leads the recently formed cryptocurrency task force,...

The Securities and Exchange Commission on Tuesday announced the formation of a dedicated crypto task force, signaling a potential shift in its approach to regulating digital assets. Acting Chairman Mark Uyeda launched the initiative, appointing Commissioner Hester Peirce to lead the agency-wide...