Burr Forman

OCTOBER 15, 2021

In remarks this week at SEC Speaks, SEC Investor Advocate Rick Fleming mused that the “gamification” of securities trading might pose an undue risk that exploits a potential loophole in Regulation Best Interest (“Reg. This past August, the SEC sought information and comment on “gamification.” Recall that Reg.

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Burr Forman

OCTOBER 28, 2021

Admissions In SEC Settled Actions. In remarks at the SEC Speaks conference, new SEC Enforcement Director Gurbir Grewal said he’s bringing back admissions in SEC settled actions to help spur accountability. Gamification Of Securities Trading: Big Risk Or Just Evolution? They’re Baaaack!

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Troutman Sanders

MARCH 11, 2024

He further clarified that if a digital asset is not a security, it is classified as a commodity. On March 5, the SEC charged Shapeshift AG with operating without proper registration, sparking debate on crypto regulation. On February 29, eight state AGs filed an amicus brief in the SEC’s enforcement action against Kraken.

Financial services 52

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Troutman Sanders

SEPTEMBER 25, 2023

On September 19, Chair of the Securities and Exchange Commission’s (SEC) Crypto Assets and Cyber Unit David Hirsch stated that the SEC is not finished bringing enforcement actions against cryptocurrency companies. million to strengthen data encryption and security protocols. For more information, click here.

Financial services 52

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Burr Forman

FEBRUARY 9, 2021

The SEC warned of “the significant risks of short-term investing based on social media, especially in volatile markets” – and particularly in small-cap stocks and/or with leveraged by margin or options. The SEC Investor Alert (SEC Jan. 29, 2021) is here. Following the Crowd: Investing and Social Media,” (FINRA Jan.

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Collection Industry News

JUNE 13, 2022

The rule argues that the prohibition on enforcement actions directed against these exempted categories contained in the Dodd-Frank Act only applies to the CFPB directly and not to AGs—meaning that the statutory exemptions are at best watered down significantly.

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