Proposals aim to improve the readability of disclosure documents
Social media giant agrees to pay US$100 million
Firm agrees to repay fund manager clients US$25M and pay US$1.5M in penalties
Proposal seeks to reduce minimum requirement to 15% of current market value
The SEC and FINRA issued a joint statement addressing digital securities on Monday
Settlement includes US$48.8 million in disgorgement and a US$40 million civil penalty
Regulators take aim at manipulative behaviour
The reforms also feature new relationship disclosure requirements for both registered investment advisors and broker-dealers
Regulator says Kik Interactive's coins should have been registered as securities
Investors' funds were diverted for operator's own use and to repay other investors, regulator says