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SEC Accuses Binance, Changpeng Zhao Of Deceptive Tactics, Conflicts Of Interest And Evasion Of Law
Monday, June 5, 2023 - 12:05pm | 991Crypto exchange Binance and its founder Changpeng Zhao are being sued by the U.S. Securities and Exchange Commission for allegedly engaging in an extensive web of deception, conflicts of interest, lack of disclosure and calculated evasion of the law. The SEC filed 13 charges against...
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US CFTC Asks For Public Input On Digital Asset Risk Management: 'The Commission Needs To Revisit Our Regulatory Oversight'
Friday, June 2, 2023 - 12:23pm | 352In an effort to revamp and modernize its risk management regulations, the U.S. Commodity Futures Trading Commission (CFTC) solicited public feedback on potential updates. The CFTC released a proposal on Thursday, inviting commentary on suggested alterations to its risk management program, including...
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SEC Investigates Due Diligence Conducted By Investors In Bankrupt Crypto Exchange FTX
Friday, January 6, 2023 - 12:07pm | 296The U.S. Securities and Exchange Commission (SEC) is seeking information about the due diligence conducted by investors in FTX, Reuters reported citing unnamed sources. The SEC has already brought charges against three top executives of the bankrupt crypto firm, which allegedly defrauded...
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House Bill Proposes Uniform Federal Framework, CFTC Oversight For US Cryptocurrency Exchanges
Friday, September 25, 2020 - 4:07am | 302In the latest effort to streamline cryptocurrency regulations in the U.S., House Agriculture Committee Ranking Member Michael Conaway (R-Texas) introduced new legislation on Thursday. The Digital Commodity Exchange Act of 2020 (DCEA) would consider cryptocurrencies as a unique asset class and...
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Wheat Price Manipulation Charges Filed Against Kraft Foods, Mondelez
Wednesday, April 1, 2015 - 5:28pm | 235Kraft Foods Group Inc (NASDAQ: KRFT) and Mondelez International Inc (NASDAQ: MDLZ) were charged Wednesday with obtaining $5.4 million in illegal profits by manipulating wheat prices. Shares of both companies were largely unchanged but volatile in after-hours trading. Pending charges were disclosed...
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How Are Hedge Funds Playing Oil?
Friday, December 12, 2014 - 1:53pm | 638Oil and water do not mix. What about oil and hedge funds? Benzinga reached out to Evan Rapoport, CEO of leading hedge fund database, HedgeCo.Net for comment. With regard to energy-focused funds that trade oil-related equities, Rapoport shared three important observations: 1. Portfolio...
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Bart Chilton's New Deal
Wednesday, May 1, 2013 - 8:54am | 407Bart Chilton, Commissioner of the U.S. Commodity Futures Trading Commission appeared on CNBC Squawk Box Wednesday morning, saying he wants to add transaction fees on derivatives and swaps to help fund his agency, and to hopefully tighten regulation. "On the transaction fee, this is a thing that's...