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Clear Channel Outdoor Holdings Bribed Chinese Government Officials to Obtain Outdoor Advertising Contracts

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the staff of the Ridgewood blog

Washington DC, the Securities and Exchange Commission today announced that Clear Channel Outdoor Holdings Inc. agreed to pay more than $26 million to resolve charges that it bribed Chinese government officials to obtain outdoor advertising contracts in violation of the Foreign Corrupt Practices Act (FCPA).

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SEC Charges 11 Wall Street Firms for use of Signal, WhatsApp to Evade Regulators’ Scrutiny

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the staff of the Ridgewood blog

Washington D.C. , the Securities and Exchange Commission today announced charges against 10 firms in their capacity as broker-dealers and one dually registered broker-dealer and investment adviser for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications. The firms admitted the facts set forth in their respective SEC orders. They acknowledged that their conduct violated recordkeeping provisions of the federal securities laws, agreed to pay combined penalties of $289 million as outlined below, and have begun implementing improvements to their compliance policies and procedures to address these violations.

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SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency

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Coinbase also charged for the unregistered offer and sale of securities in connection with its staking-as-a-service program

the staff of the Ridgewood blog

Washington D.C., June 6, 2023 —The Securities and Exchange Commission today charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Coinbase for failing to register the offer and sale of its crypto asset staking-as-a-service program.

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Sam Bankman-Fried’s Crypto Empire Collapses

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the staff of the Ridgewood blog

Ridgewood NJ, Sam Bankman-Fried’s crypto empire filed for Chapter 11 bankruptcy, capping the rapid  downfall of one of crypto’s wealthiest and most influential moguls and his collection of high-flying ventures, including crypto exchanges and a massive trading operation.

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The United Nations Wants to Regulate Crypto Currencies

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the staff of the Ridgewood blog

Ridgewood NJ, while neither a crypto maximalist or minimalist the one thing we like most about them is they are private crypto currencies that they take financial power and  control away from globalists, central banks, and politicians and their fiat currencies.

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SEC Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit

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the staff of the Ridgewood blog

Washington DC, .The Securities and Exchange Commission today announced the allocation of 20 additional positions to the unit responsible for protecting investors in crypto markets and from cyber-related threats. The newly renamed Crypto Assets and Cyber Unit (formerly known as the Cyber Unit) in the Division of Enforcement will grow to 50 dedicated positions.

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