The SEC charged five unregistered broker-dealers and four unregistered investment companies with deceptive pre-initial public offerings.
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A broadband connectivity company settled charges with the SEC for failing to maintain internal accounting controls intended to ensure that the company's stock buybacks were conducted in accordance with management authorizations.
The CFTC filed a federal complaint and obtained a restraining order against a corporation and several individuals for misappropriating over $6 million in customer funds in connection with an offering of a virtual currency.
The CFTC filed two separate civil enforcement actions in the U.S. District Court for the Eastern District of New York charging entities with fraud in connection with cryptocurrency-related activities.
A California-based company shut down its initial coin offering and issued refunds to investors after the SEC initiated an investigation into its operations.