SEC

Justice Department and SEC drop investigation of Snap

While Facebook’s Mark Zuckerberg faces a mounting stack of federal and state investigations into its competition and privacy practices and a grilling in Congress on Wednesday, smaller rival Snap can celebrate. According to a regulatory filing published by the social media company Wednesday morning, U.S. authorities have officially dropped investigations into whether Snap misled investors …

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Blockstack raises $23M in historic initial coin offering endorsed by the SEC

Blockstack PBC, a startup that has built a blockchain-based network for decentralized apps, Tuesday said it has raised $23 million in an initial coin offering historic as the first token sale to be endorsed by the U.S. Securities and Exchange Commission. Approval for Blackstack’s ICO was granted under Regulation A+, established under the Jumpstart Our Business Startups Act, that …

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SEC Removing Musk as Chairman of Tesla was a “Gift Essentially”

The settlement by Tesla with the SEC removing Elon Musk as Chairman of the company was a “gift essentially,” says Gene Munster of Loup Ventures. The markets seem to agree with Tesla stock way up on the news. Gene Munster Managing Partner of Loup Ventures, a research-driven venture capital firm focused on frontier tech, discussed the …

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SEC Was Hacked – And Criminals May Have Profited From Stolen Non-Public Information

The United States Securities and Exchange Commission revealed today that hackers breached its EDGAR system used to receive, store, and distribute public-company filings, and that criminals may have profited by illegally trading based on nonpublic information stolen from the regulatory agency. In a lengthy statement, SEC Chairman, Jay Clayton, said that the SEC discovered the …

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