Commentary by Steven Lofchie
The SEC charged Binance Holdings Limited –- the largest international crypto asset trading platform -- along with its beneficial owner and affiliated entities, with numerous violations of the securities laws.
The SEC extended the comment periods for recently proposed rulemakings relating to climate disclosure, private fund advisers and exchange registration.
A broker-dealer agreed to settle SEC allegations concerning (i) fraudulent overcharges of various securities trading fees and mark-ups and (ii) misleading disclosures regarding trade functionality on a government securities trading platform.
The SEC Office of the Investor Advocate released an Annual Report on Objectives for fiscal year 2018.
Three exchanges agreed to pay a fine to settle SEC charges of multiple violations, including the first charged violation of Regulation SCI (Systems Compliance and Integrity).