SEC Fines BlackRock $2.5M for Incorrect Investment Disclosure
The U.S. Securities and Exchange Commission has fined BlackRock Advisors $2.5 million for failing to accurately describe investments in the entertainment industry that constituted a significant portion of a publicly traded fund it managed. According to a filing with the SEC, between 2015 and 2019, BlackRock Multi-Sector Income Trust (BIT) made substantial investments in a […]
Binance.US Responds to SEC’s Filing Calling it ‘Unreasonable’
Binance exchange.US has responded to the United States Securities and Exchange Commission‘s (SEC) motion to compel and reply, labeling the majority of the SEC’s requests “unreasonable” and “unduly burdensome.” Attorneys for BAM Trading Services, which administers the Binance.US cryptocurrency exchange, submitted sealed opposition documents to the U.S. SEC on September 12, requesting additional information from […]
Empowered Funds Applies to SEC For Bitcoin Futures ETFs
According to the Financial Times, Empowered Funds is seeking SEC approval for 3 new Bitcoin futures ETFs in collaboration with Ark Invest and 21Shares Empowered Funds, a subsidiary of Alpha Architect operating as EA Advisers, has applied to introduce three new Bitcoin futures exchange-traded funds (ETFs) under the Ark Invest and 21Shares labels. While these […]
Binance.US is reportedly under investigation from the SEC
The Securities and Exchange Commission (SEC) in the United States is apparently investigating Binance’s U.S. subsidiary for two market makers trading firms linked to Binance CEO Changpeng Zhao. The SEC is investigating Binance.US’s relationship with trading firms Sigma Chain AG and Merit Peak, according to a Wall Street Journal report published Tuesday. According to reports, […]