A company offering crypto asset-related financial products and services settled charges with the SEC for failing to register securities offerings.

In an Investor Bulletin, the SEC and FINRA described the various ways in which a customer may hold securities and warned of the risks associated with crypto assets.

The SEC set an effective date of August 21, 2023, for amendments that will remove references to credit ratings from existing exceptions to rules on market manipulation. The effective date was published in the Federal Register.

The SEC finalized amendments to rules on securities market manipulation that will remove references to reliance on credit rating agencies.

The FINRA Investor Education Foundation reported that 56 percent of the Gen Z population in the U.S. (ages 18 to 25) invest, with 19 percent owning cryptocurrency and/or non-fungible tokens.