The Securities and Exchange Commission has obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of Longfin Corp. stock involving the company, its CEO, and three other affiliated individuals.
According to a complaint unsealed today in federal court in Manhattan, shortly after Longfin began trading on NASDAQ and announced the acquisition of a purported cryptocurrency business, its stock price rose dramatically…
The Securities and Exchange Commission today announced a whistleblower award of more than $2.2 million to a former company insider whose tips helped the agency open an investigation that led to an enforcement action. The whistleblower first reported the information to another federal agency and later provided the same information to the SEC.
This is the first award paid under the safe harbor of Exchange Act Rule 21F-4(b)(7), which provides that if a whistleblower submits information to another…
The recent incident where the major Indian newspapers have misrepresented the issue of the legality of bitcoin in India has sparked an urge to call for the Indian government to clearly state its position on the legitimacy of bitcoin. Status of Bitcoins legality in India Last week, an Indian News Media incorrectly reported that the […]
The post All you need to know about the Legal Status of bitcoin in India appeared first on MLM News.
Source: Networking Eye - MLM Reporting