A company that borrowed crypto securities and promised to return them with interest settled SEC charges for failing to file a registration statement or qualify for an exemption under the Securities Act.
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A China-based issuer settled SEC charges for violating the antifraud provisions of the Securities Exchange Act and certain reporting, recordkeeping and internal control requirements.
The SEC adopted two new rules under the Securities Exchange Act to further define the term "as a part of a regular business." The new rules expand the scope of firms that are required to register as broker-dealers and as government securities broker-dealers.
The U.S. District Court for the Southern District of New York granted the SEC summary judgment against the CFO and Controller of a software company on fraud charges related to the recognition of revenue under GAAP standards.
A special purpose acquisition company settled SEC charges for failing to disclose discussions with a target company and its controlling shareholder about a potential business combination prior to and during the IPO process.