A trust company settled SEC charges for (i) conducting securities transactions without registering as a broker-dealer and taking steps to conceal its unregistered activities, and (ii) making misleading statements regarding a service that allowed investors to create an irrevocable trust online.
News & Insights
In its annual report, the SEC Office of the Advocate for Small Business Capital Formation offered recommendations to improve capital raising for entrepreneurs and investors.
SEC Chair Gary Gensler called for greater transparency and resiliency in U.S. treasury markets to promote competition. He highlighted projects the SEC has undertaken with Treasury and the NY Fed to improve the market.
SEC Commissioner Jaime Lizárraga asserted that the digital asset market is not currently a viable alternative to traditional finance, and that contrary to popular belief, the industry is highly centralized.
The U.S. District Court for the District of New Hampshire ruled that digital asset company LBRY violated U.S. securities laws as a result of selling tokens that were securities without registering the tokens with the SEC.