The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Ridgewood NJ, President-elect Donald Trump has named former Securities and Exchange Commissioner (SEC) Paul Atkins as his pick to succeed Gary Gensler as the agency’s chair. The announcement comes as Gensler prepares to step down on Inauguration Day, making way for a leadership change that could reshape the regulatory landscape for digital assets and capital markets.
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Lakewood NJ, the Securities and Exchange Commission today charged six individuals with a multi-million dollar Ponzi-like fraud scheme orchestrated by criminal recidivist Eliyahu Weinstein of Lakewood, New Jersey.
file photo SEC Chair Gary Gensler
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Ridgewood NJ, Coinbase has responded to the SEC’s Wells notice, asserting that they have not changed since being allowed to go public two years ago and still do not list securities. They seek SEC compliance to register for listing securities in the future. Coinbase makes clear that it will continue building its platform, seek legislation from Congress, and request SEC rulemaking for clearer crypto regulation.
Continue reading Coinbase Responds to the SEC’s Wells Notice asking for Clearer Crypto Regulation
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Hoboken NJ, the Securities and Exchange Commission today announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks.
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Paulsboro, NJ, an indictment unsealed today charges three men with orchestrating a large-scale market manipulation scheme related to two publicly traded companies, U.S. Attorney Philip R. Sellinger announced.
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East Rutherford NJ, more trouble for the American Dream Mall . The developers behind the American Dream mall and entertainment complex formally know as Xanadu missed a June 1 deadline to make a payment on an $800 million municipal bond, in the latest sign of financial stress for the Meadowlands project.
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Trenton NJ, a New York man today admitted perpetrating a scheme to defraud more than 70 investors through a long-running securities offering fraud that raised more than $4 million and caused investor losses of more than $3.5 million, Acting U.S. Attorney Rachael A. Honig announced.
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Washington D.C., the Securities and Exchange Commission today announced that Gurbir S. Grewal has been appointed Director of the Division of Enforcement, effective July 26, 2021. Grewal currently serves as Attorney General for the State of New Jersey, a role he has held since January 2018, when he was confirmed by the New Jersey State Senate after being nominated by Governor Phil Murphy.
February 11,2018
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Ridgewood NJ, Former Representative Scott Garrett, the New Jersey Republican whose bid to become chairman of the Export-Import Bank failed last year after the Senate Banking Committee rejected his nomination, to lead the agency that Garrett had criticized for corrupt practices and cronyism.
The former Representative has been tapped to work as a senior adviser to Securities and Exchange Commission Chairman Jay Clayton, according to unnamed sources at the SEC. While he was a lawmaker, Garrett was also a critic of the SEC after it dropped the ball in 2008 and served as chairman of the House Financial Services subcommittee on capital markets.
