๐งฑ Market Reform Dave Lauer's comment letter on SEC proposal S7-06-22. Source: https://twitter.com/dlauer/status/1673337420522176517Reddit Post
Whistleblower Alert! The SEC awards whistleblower more than $37 million, meaning the fine levied ranged between $123,333,333 and $370,000,000 dollars. The Securities and Exchange Commission (SEC) announced today a substantial award of more than $37 million to a whistleblower whose information and assistance were pivotal in a successful enforcement action. The whistleblower's internal reporting prompted their employer to conduct an investigation and self-report the findings to the SEC,
SEC Complaint against Andrew Left: "did not provide for the purpose of concealing that he was receiving over $1 million from a hedge fund in exchange for Citron Research publishing certain reports and tweets." The Securities and Exchange Commission (SEC) announced charges today against activist short seller Andrew Left and his firm, Citron Capital LLC, accusing them of a multi-year scheme to defraud followers by publishing false and misleading stock trading recommendations, netting $20 million in profits. According to the SEC's complaint,
Korea's Act on the Protection of Virtual Asset Users to Take Effect from 7/19: "those who are found to have engaged in unfair trading activities may be subject to criminal punishment or penalty surcharge." Korea's new Act on the Protection of Virtual Asset Users comes into force on July 19, 2024, marking a significant step in safeguarding users and regulating virtual asset service providers (VASPs). This follows a revision in March 2021, which required VASPs to register with financial authorities and introduced