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Government Agencies SEC

  • Can investors expect bitcoin ETFs to hit the market?

    CNBC's Bob Pisani reports on the backlash from the SEC on bitcoin ETFs. The “Fast Money” traders weigh in.

  • This week the Securities and Exchange Commission sent a letter listing more than 30 of them to trade groups representing the investment industry. The SEC also expressed concern that digital currency markets have higher opportunities for fraud and manipulation than traditional securities markets. Until the industry is able to answer these questions, "we do...

  • The SEC's division of investment management demanded answers to at least 31 detailed questions about how mutual funds or exchange-traded funds based on bitcoin would store, safeguard, and price that asset. "There are a number of significant investor protection issues that need to be examined before sponsors begin offering these funds to investors," said the...

  • The Securities and Exchange Commission in Washington.

    The SEC indicated it would not be open to approving cryptocurrency exchange-traded funds unless sponsors could address concerns.

  • The issues need to be addressed before sponsors begin offering these funds to retail investors, the SEC said in a letter on Thursday to two trade groups. "We have asked sponsors that have registration statements filed for such products to withdraw them," the SEC said. The SEC said it has questions concerning how funds holding substantial amounts of...

  • The SEC had accused Rio Tinto, Albanese and Elliott of concealing the deteriorating value of assets at Rio Tinto Coal Mozambique, which the company bought for $3.7 billion in April 2011 and sold three-and-a-half years later for $50 million. According to the SEC, Rio Tinto hid the deterioration while it was raising $5.5 billion from U.S. investors, including $3...

  • NYSE National will be the 13th U.S. stock exchange and will differ from the NYSE, NYSE Arca, and NYSE American in that it will only be a trading venue and not a listing market, NYSE said in the Jan. 12 filing with the U.S. Securities and Exchange Commission. NYSE also competes against IEX Group and the Chicago Stock Exchange. NYSE closed its deal to buy the National Stock...

  • Grayscale's Michael Sonnenshein: Bitcoin doesn't come without its risks

    Michael Sonnenshein, Grayscale, discusses the Bitcoin Investment trust stock split and what that could mean for bitcoin and other cryptocurrencies. CNBC's Seema Mody weighs in.

  • The justices took up an appeal by Raymond Lucia, who was found liable for fraud by an SEC administrative law judge and hit with a lifetime ban from investment-related work. Lucia and the administration argue that the SEC violates the U.S. SEC critics have said the use of these in-house judges gives the agency an unfair home-court advantage in enforcement...

  • Jan 12- The U.S. Supreme Court on Friday agreed to hear a challenge to a key Securities and Exchange Commission practice- its use of in-house judges to enforce investor protection laws- by a former California- based radio host and investment adviser who is backed by the Trump administration. The justices took up an appeal by Raymond Lucia, who was found liable for...

  • WASHINGTON, Jan 11- The U.S. Securities and Exchange Commission said on Thursday that Robert Jackson and Hester Peirce had been sworn in as SEC commissioners. The addition of Peirce, a Republican, and Jackson, a Democrat, gives the SEC a full complement of commissioners, clearing the way for the body to recommence rulemaking. SEC quorum rules stipulate that the SEC...

  • The U.S. Senate will hold a hearing with regulators to discuss the risks posed by cryptocurrencies such as bitcoin.

  • WILMINGTON, Del., Jan 10- The U.S. Securities and Exchange Commission urged a federal judge on Wednesday to appoint a trustee to manage the Woodbridge Group of Companies, a bankrupt property developer the regulator accused of being a $1.2 billion Ponzi scheme. Woodbridge filed for bankruptcy in December and weeks later the SEC sued to freeze its assets, accusing...

  • Jack Reed, a Rhode Island Democrat, and Sen. John Kennedy, a Louisiana Republican, made the demand in a letter sent Tuesday to the Securities and Exchange Commission and the Justice Department. The SEC declined to comment on the letter and the Justice Department didn't immediately respond to a request for comment.

  • An improvised message tells passersby to "buy bitcoin" on the University of Oregon campus in December 2017 — the same month the cryptocurrency's price rocketed from $10,000 to nearly $20,000.

    Two U.S. companies shelved proposals to launch bitcoin exchange-traded funds, citing ongoing concerns by the SEC.

  • NEW YORK, Jan 8- Two U.S. companies shelved proposals to launch bitcoin exchange-traded funds, citing ongoing concerns by the Securities and Exchange Commission, filings showed on Monday. Trusts controlled by Rafferty Asset Management LLC and Exchange Traded Concepts LLC each canceled plans to launch three bitcoin funds that could be traded by retail...

  • NEW YORK, Jan 8- Two U.S. companies withdrew proposals to launch bitcoin-based exchange-traded funds pending before the Securities and Exchange Commission on Monday, citing ongoing concerns by the regulatory agency, filings showed. Staff at the SEC "expressed concerns regarding the liquidity and valuation" of futures based on the digital assets, according to...

  • FUND MANAGERS WITHDRAW BITCOIN ETF PROPOSALS, CITING GUIDANCE FROM SECURITIES AND EXCHANGE COMMISSION- FILINGS.

  • Former SEC official: Timing of stock sale by Intel's Krzanich a clear red flag

    Teresa Goody, Goody Group founder and former SEC official, discusses Intel CEO Brian Krzanich's sale of stock ahead of the revelation of a security flaw in the company's high-performance chips.

  • People walk by the New York Stock Exchange (NYSE) on December 19, 2017 in New York City.

    The New York Stock Exchange asked SEC regulators to list five exchange-traded funds that track bitcoin futures on one of its markets.