Gizmodo: DOJ and SEC Investigating FTX Collapse as Entire Crypto Market Plunges

Gizmodo: DOJ and SEC Investigating FTX Collapse as Entire Crypto Market Plunges. “The Department of Justice and Securities and Exchange Commission are investigating FTX, a crypto platform that halted withdrawals on Tuesday, according to a new report from the Wall Street Journal. And while the SEC’s investigation has reportedly been going ‘for months,’ the agency’s scrutiny has only expanded this week following the liquidity crisis at FTX, which has caused the entire cryptocurrency market to tank.”

SEC: SEC Charges Kim Kardashian for Unlawfully Touting Crypto Security

SEC: SEC Charges Kim Kardashian for Unlawfully Touting Crypto Security. “The Securities and Exchange Commission today announced charges against Kim Kardashian for touting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the promotion. Kardashian agreed to settle the charges, pay $1.26 million in penalties, disgorgement, and interest, and cooperate with the Commission’s ongoing investigation.”

CNN: The SEC has asked Elon Musk more questions about his Twitter deal

CNN: The SEC has asked Elon Musk more questions about his Twitter deal. “The Securities and Exchange Commission has continued to examine Elon Musk’s investment in and $44 billion deal to buy Twitter. A letter sent by the SEC to Musk on June 2 includes questions about the billionaire’s use of Twitter (TWTR) to discuss the deal, including his tweets about the deal being paused, according to a Thursday regulatory filing.”

Engadget: Elon Musk is trying to get out of an SEC deal to have lawyers approve his tweets

Engadget: Elon Musk is trying to get out of an SEC deal to have lawyers approve his tweets. “Elon Musk has filed an appeal against a judge’s decision not to let him out of an agreement with the Securities and Exchange Commission, which requires him to have lawyers review some of his tweets. A district court judge ruled that the Tesla and SpaceX CEO’s consent decree with the SEC should stand. Now, Musk is hoping the Second Circuit Court of Appeals in Manhattan will overturn that decision, as Reuters reports.”

Mashable: Twitter shareholder Elon Musk is reportedly being investigated by the SEC. Again.

Mashable: Twitter shareholder Elon Musk is reportedly being investigated by the SEC. Again.. “Under the Securities Exchange Act of 1934, investors who acquire over 5 percent of a publicly traded company are required to file a report notifying the SEC within 10 days of the acquisition. Musk bought enough Twitter shares to pass this 5 percent threshold on March 14, putting the deadline for disclosure at March 24. However, rather than notifying the SEC of his shiny new Twitter stocks, Musk waited until the deadline passed before buying even more shares, putting his stake at 9.2 percent.”

TechCrunch: Twitter latest filing admits to risk of losing advertisers and staff due to Musk takeover

TechCrunch: Twitter latest filing admits to risk of losing advertisers and staff due to Musk takeover . “Just ahead of its presentation to media ad buyers later this week at the 2022 NewFronts, Twitter acknowledged in a new SEC filing that its core advertising business could now be at risk as a result of the Elon Musk takeover, in addition to employee hiring and retention efforts and other factors.”

CNET: Judge Denies Elon Musk’s Bid to End 2018 Settlement With SEC

CNET: Judge Denies Elon Musk’s Bid to End 2018 Settlement With SEC. “A federal judge on Wednesday denied Elon Musk’s request to undo part of his 2018 settlement with the Securities and Exchange Commission that required oversight of some of his social media posts about Tesla. Last month, Musk asked the court to terminate the consent decree that was part of the settlement, which requires Tesla counsel to vet his tweets about the electric car company.”

Bleeping Computer: Russian hackers made millions by stealing SEC earning reports

Bleeping Computer: Russian hackers made millions by stealing SEC earning reports. “A Russian national working for a cybersecurity company has been extradited to the U.S. where he is being charged for hacking into computer networks of two U.S.-based filing agents used by multiple companies to file quarterly and annual earnings through the Securities and Exchange Commissions (SEC) system.”

New York Times: Facebook Faces a Public Relations Crisis. What About a Legal One?

New York Times: Facebook Faces a Public Relations Crisis. What About a Legal One?. “Whistle-blowers have filed at least nine complaints to the agency, which has oversight of public companies like Facebook, using a selection of the internal documents to argue that Facebook misled investors with a rosier picture of the company than they knew to be true. The S.E.C. can impose big fines for misleading investors and impose restrictions on corporate leaders. A case from securities regulators is probably far from a slam dunk, several legal experts said. The accusations in the complaints don’t appear to be quite as clear-cut as many other accounting and fraud cases taken up by the agency, they said.”

Whistleblower’s SEC complaint: Facebook knew platform was used to “promote human trafficking and domestic servitude” (CBS News)

CBS News: Whistleblower’s SEC complaint: Facebook knew platform was used to “promote human trafficking and domestic servitude”. “For the first time, 60 Minutes is publishing whistleblower complaints filed with the Securities and Exchange Commission against Facebook by former employee Frances Haugen. The filings, submitted by Haugen’s lawyers, state, ‘Our anonymous client is disclosing original evidence showing that Facebook, Inc. (NASDAQ: FB) has, for years past and ongoing, violated U.S. securities laws by making material misrepresentations and omissions in statements to investors and prospective investors, including, inter alia, through filings with the SEC, testimony to Congress, online statements and media stories.’”

Reuters: U.S. regulator proposes scaling back personal information from trading database

Reuters: U.S. regulator proposes scaling back personal information from trading database. “The U.S. Securities and Exchange Commission (SEC) on Friday said it would remove some personal information from a controversial trading database, bowing to pressure from the brokerage industry which has long warned the project would be vulnerable to hacks. Friday’s proposal, which is subject to a public consultation, seeks to limit the scope of sensitive information required by a massive new industry trading database, the Consolidated Audit Trail (CAT), conceived to help the regulator better police the markets.”