In recent years, the emergence of non-fungible tokens (NFTs) has revolutionized the art industry, allowing artists to tokenize and sell their digital creations. This new form of art ownership has led to countless debates about the value, legitimacy, and regulation of NFTs. Now, a group of NFT artists has filed a lawsuit seeking clarity and… Continue reading ‘Should Art Be Regulated by the SEC?’: NFT Artists’ New Lawsuit Seeks Answers
Category: sec
Grayscale was unreasonably denied its Bitcoin ETF, court rules
On February 18th, the Court of Appeals of the District of Columbia ruled in favor of the investment firm Grayscale, which had sued the U.S. Securities and Exchange Commission (SEC) for its unreasonable decision to reject the company’s proposed Bitcoin Exchange-Traded Fund (ETF) in late 2018. The ruling marks a potential milestone for the cryptocurrency… Continue reading Grayscale was unreasonably denied its Bitcoin ETF, court rules
Tesla investors might get payout from SEC settlement
Tesla Inc. announced to its investors that its settlement with the U.S. Securities and Exchange Commission (SEC) could mean a financial windfall. The electric car maker is at the center of a high-profile dispute with the SEC over the management of the company and how it reports financial results. The dispute has, at times, been… Continue reading Tesla investors might get payout from SEC settlement
SEC ends investigation into Better.com, which continues to bleed cash ahead of planned SPAC vote
The Securities and Exchange Commission (SEC) has recently ended an investigation into online mortgage lender Better.com, allowing the company to continue operating without legal trouble. Better.com has been struggling financially and has been bleeding cash as it prepares to go public via a Special Purpose Acquisition Company (SPAC) vote. The SEC had opened the investigation… Continue reading SEC ends investigation into Better.com, which continues to bleed cash ahead of planned SPAC vote
New SEC rules put a time limit on reporting hacks and data breaches
Companies of all sizes and industries now face a greater challenge in the wake of new Security and Exchange Commission (SEC) rules established this month. In the wake of the 2017 Equifax data breach and other massive hacks, the SEC is now putting a time limit on reporting hacks and data breaches. The new rules… Continue reading New SEC rules put a time limit on reporting hacks and data breaches
company Canoo
Canoo, a California-based electric vehicle company, has agreed to a $1.5 million settlement with the U.S. Securities and Exchange Commission (SEC). Canoo allegedly raised $40 million from an initial public offering in 2019 without disclosing vital information related to their finances. This is why the SEC required Canoo to pay the $1.5 million settlement: the… Continue reading company Canoo
company Canoo
Leading electric vehicle (EV) company Canoo has recently agreed to a $1.5 million settlement with the Securities and Exchange Commission (SEC). The dispute was centered around Canoo’s disclosure of information in the early stages of its 2019 initial public offering (IPO). The SEC allege that Canoo had failed to appropriately disclose potential conflicts of interest… Continue reading company Canoo
Musk’s latest Twitter plan could be the last straw
Tesla and SpaceX CEO Elon Musk continues to get himself into hot water by making controversial statements on social media. His latest stunt, which has caused widespread consternation among investors, critics, and regulators, is a plan to take his companies Tesla and SpaceX private on Twitter. Musk’s plan to take Tesla and SpaceX public has… Continue reading Musk’s latest Twitter plan could be the last straw
SEC puts Coinbase on notice and other TC news
Since officially launching in 2012, Coinbase has become one of the world’s most respected and trusted cryptocurrency exchanges. But, the venerable exchange may be in for some trouble after the U.S. Securities and Exchange Commission (SEC) put them on notice regarding potential action. In the first quarter of 2021, Coinbase’s stock price skyrocketed after the… Continue reading SEC puts Coinbase on notice and other TC news
Daily Crunch: In SEC filing, Accenture reveals plans to dismiss 19,000 workers over the next 18 months
Accenture, a global professional services company, filed with the U.S. Securities and Exchange Commission (SEC) to disclose plans to downsize its workforce by nearly 20,000 people over the next 18 months. This was revealed in a recent SEC filing, which was released on February 14th and comes at a time when the company is simultaneously… Continue reading Daily Crunch: In SEC filing, Accenture reveals plans to dismiss 19,000 workers over the next 18 months