Fraud schemes may involve stocks of companies that claim to engage in initial coin offerings
SEC’s Office of Investor Education and Advocacy tackles the shortening of the settlement cycle
Joe Yiu Cheung has agreed to pay almost US$800,000 and to be banned permanently from dealing with penny stocks
Government watchdog says regulator’s failure to implement recommendations puts financial systems at risk
The corporate insider, who tipped off U.S. securities regulators to the alleged fraud, is the second whistleblower the SEC has awarded this week
The regulator has advised that it considers offers of digital assets utilizing blockchain technology as securities
Tips, plus documents and testimony, led to the award
Illegal profits were traded through Canadian brokerages, the charges say
The provision provides companies with more flexibility to plan an IPO and may reduce exposure to market fluctuations that can affect the offering process adversely
The alleged fraud allowed the firm to artificially reduce its operating costs, improving its extraction efficiency metrics and profitability