SEC Issues 2025 Fee Adjustment Order: Impact Looms for Traditional and Crypto Securities Alike

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 20 August, 2024, the U.S. Securities and Exchange Commission (SEC) issued a crucial order adjusting the registration fee rates for fiscal year 2025, set to take effect on 1 October, 2024. This adjustment, detailed in the “Order Making Fiscal Year 2025 Annual...

CFTC Orders Houston-Based Firm and Managing Member to Pay Over $520,000 for Forex Fraud Violations

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 20 August, 2024, in a decisive move against financial fraud, the Commodity Futures Trading Commission (CFTC) announced that it has issued an order against Get Money Tradez LLC (GMT) and its managing member, Jeffrey Carmon, Jr., based in Houston, Texas, requiring...

MAS Reaffirms Commitment to Safeguarding Customer Data Amid Growing Concerns

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 19 August 2024, in response to public concerns regarding the protection of national data by financial institutions (FIs), the Monetary Authority of Singapore (MAS) issued a strong statement reaffirming its commitment to the stringent safeguarding of customer data....

MAS Issues Nine-Year Prohibition Order Against Former OCBC Bank Representative, Mr. Hoi Wei Kit

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 19 August 2024, in a decisive move to uphold the integrity of Singapore’s financial advisory sector, the Monetary Authority of Singapore (MAS) issued a nine-year prohibition order (PO) against Mr. Hoi Wei Kit, a former representative of OCBC Bank. This action...

MAS Issues 1-Year Prohibition Order Against Former HSBC Representative Mr. Aw Jun Ray Reko Corinthians

by Theresa Joy Lacatan | Aug 22, 2024 | Blog News, Crypto News

On 19 August 2024, the Monetary Authority of Singapore (MAS) today announced the issuance of a one-year prohibition order (PO) against Mr. Aw Jun Ray, Reko Corinthians, a former representative of HSBC Bank. The PO, which takes effect immediately, prohibits Mr. Aw from...

Google Faces $5 Million Lawsuit Over Malicious Crypto Wallet App on Play Store

by Theresa Joy Lacatan | Aug 21, 2024 | Blog News, Crypto News

On 15 August, 2024, Google has come under legal fire as it faces a $5 million lawsuit filed by Maria Vaca, who alleges that a fraudulent crypto wallet app she downloaded from the Google Play Store led to the complete loss of her savings. The lawsuit, filed in a...