ASIC Sues Binance Australia Derivatives for Misclassifying Retail Clients and Consumer Protection Failures

by Theresa Joy Lacatan | Dec 18, 2024 | Blog News, Crypto News

On 18 December 2024, the Australian Securities and Investments Commission (ASIC) commenced civil proceedings in the Australian Federal Court against Oztures Trading Pty Ltd, trading as Binance Australia Derivatives, alleging significant breaches of consumer protection...

Kraken Operator Ordered to Pay AUD 8 Million for Regulatory Breaches Following ASIC Action

by Theresa Joy Lacatan | Dec 18, 2024 | Blog News, Crypto News

On 12 December 2024, the Australian Federal Court, in its judgment titled Australian Securities and Investments Commission v Bit Trade Pty Ltd 2024 FCA 1422, ordered Bit Trade Pty Ltd, the Australian operator of the Kraken cryptocurrency exchange, to pay AUD 8 million...

US SEC Orders Cantor Fitzgerald to Pay $6.75 Million for Misleading SPAC Disclosures

by Theresa Joy Lacatan | Dec 17, 2024 | Blog News, Crypto News

On 12 December 2024, the United States Securities and Exchange Commission imposed a cease and desist order against Cantor Fitzgerald, L.P., a global financial services firm, for causing materially misleading disclosures by two special purpose acquisition companies...

US SEC Announces Leadership Change as Erik Gerding Steps Down, Cicely LaMothe to Serve as Acting Director

by Theresa Joy Lacatan | Dec 17, 2024 | Blog News, Crypto News

On 13 December 2024, the United States Securities and Exchange Commission announced that Erik Gerding, Director of the Division of Corporation Finance, will step down from his role effective 31 December 2024. Washington. Cicely LaMothe, currently serving as Deputy...

US CFTC Orders Five Individuals to Pay Over $5 Million for Digital Asset Fraud Scheme

by Theresa Joy Lacatan | Dec 12, 2024 | Blog News, Crypto News

On 11 December 2024, the United States Commodity Futures Trading Commission (US CFTC) announced that the United States District Court for the Central District of California issued two orders against five individuals involved in a fraudulent digital asset scheme...

US SEC Files Insider Trading Complaint Against Former Comtech CEO Amid Allegations of Misconduct and Law Violations

by Theresa Joy Lacatan | Dec 12, 2024 | Blog News, Crypto News

On 11 December 2024, the United States Securities and Exchange Commission filed a complaint against Ken Peterman, the former Chief Executive Officer, chair of the Board, and president of Comtech Telecommunications Corp., in the United States District Court for the...