On June 3, the Securities and Exchange Commission filed an emergency enforcement action in the US District Court for the Southern District of New York against Scott Valente, an investment adviser, alleging that he used his...more
In this issue:
- Commissioner Kara M. Stein Calls for More Stringent Net Capital Requirements for Broker Dealers
- US Marshals Service Announces Auction of Silk Road Bitcoins
- Investment Adviser Accused...more
6/16/2014
/ Akamai Technologies ,
Bitcoin ,
Broker-Dealer ,
Digital Assets ,
Enforcement ,
Enforcement Actions ,
Fraud ,
Investment Adviser ,
Rule 10(b) ,
Rule 10b-5 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Virtual Currency
The Securities and Exchange Commission recently announced that it had charged Professional Investment Management, Inc. (PIM), an investment adviser, and its president, Douglas E. Cowgill, with violating rules governing the...more
The Securities and Exchange Commission recently charged a North Carolina-based investment adviser and its former owner with making false statements about the firm’s ability to engage in algorithmic currency trading....more