SEC Awards Approximately $1.5 Million to Whistleblower

SEC

The Securities and Exchange Commission today announced an award of approximately $1.5 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. read more »

US Lawmakers Introduce Bill to Clarify Crypto Regulations

YAHOO FINANCE

Reps. Patrick McHenry (R-N.C.) and Stephen Lynch (D-Mass.) introduced legislation Tuesday to create a working group composed of industry experts and representatives from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to evaluate the current legal and regulatory framework around digital assets in the U.S. read more »

New Research Examines How Ponzi Schemes Exploit Investor Trust

FORBES

Ponzi scheme operators who provide investors with falsified accounting reports increase individual investor contributions by 33% and use falsified audit reports to lower the likelihood of regulatory detection by 42%, according to a study forthcoming in Accounting Horizons. read more »

Investors seek $1.2 billion in damages from Vivendi in fraud lawsuit

REUTERS

A group of investors will urge a French court on Tuesday to back its claim for 1 billion euros ($1.2 billion) in damages from Vivendi, alleging the media giant made false financial statements during a merger deal two decades ago. read more »