SEC Charges Founders of Cryptocurrency ICO Promoted by Floyd Mayweather Jr. and DJ Khaled with Fraud

Sohrab “Sam” Sharma and Robert Farkas were the operators of an initial coin offering that—according to a Securities and Exchange Commission complaint filed today in the District Court of Southern New York—fleeced investors out of more than $32 million though a business called Centra Tech. Inc. What led to Farkas’s…

SEC Chairman Urges Cryptocurrency Investors to Exercise Caution, Says Most ICOs Are Securities

After months of tension over what, if anything, the Securities and Exchange Commission was planning to do about cryptocurrencies and the billions of dollars people have sunk into initial coin offerings—a form of barely regulated investment vehicle in which investors trade real cash for tokens in crypto-backed…

SEC Gets Hacked, Refuses to Release Details About Just How Fucked Everything Might Be

The Securities and Exchange Commission (SEC) has disclosed that hackers accessed sensitive information from its systems about publicly traded companies. And while the SEC has so far been tight-lipped about what kind of fallout the hack will have, the agency acknowledges that the hackers have probably conducted trades…