U.S. Securities and Exchange Commission
Hemp Startup Founders Accused of Stock Fraud
The SEC says the two founders of CanaFarma Hemp Products raised $15 million by making false statements about the "farm to table" company.
Ex-Goldman Compliance Analyst Accused of Insider Trading
The SEC says a Spanish national abused his position in Goldman's compliance unit to make more than $471,000 in profits from insider trades.
SEC Gives Bond Dealers 3-Month Reprieve
The commission has delayed enforcement of amendments to a disclosure rule amid concerns over its potential impact on the bond markets.
Ad Giant WPP Fined $19M for FCPA Violations
The SEC says the company failed to properly supervise subsidiaries in foreign countries, resulting in bribery and other illicit schemes.
Subprime Auto Securitization Was a ‘House of Cards’
The former principals of Honor Finance misrepresented the quality of loans that they packaged into a $100 million securities offering, the SEC says.
Coinbase Shelves ‘Lend’ Amid SEC Pushback
Having to scrap the lending program "is a major blow for Coinbase as the firm tries to diversify revenue beyond its trading fees.”
SEC Brings First Crowdfunding Fraud Case
A Michigan businessman and two associates allegedly misrepresented that their crowdfunding offerings would raise money for cannabis real estate investments.
App Annie Fined $10 Million for Misusing Data
The SEC says the mobile data and analytics firm used confidential information from app developers to induce trading firms to become subscribers.
Coinbase Clashing With SEC Over Lending Platform
“If we end up in court we may finally get the regulatory clarity the SEC refuses to provide,” Coinbase CEO Brian Armstrong says.
Kraft Heinz Fined $62M for Accounting Fraud
The SEC says the company's procurement division improperly recorded nearly 300 transactions to deliver unrealistic cost savings and inflate profits.
SPAC Activity Falls in Q2
The second quarter marked the lowest quarter of SPAC offerings since last year's second quarter.