News Stocks 

Johnson & Johnson was subpoenaed by the DOJ and the SEC over baby powder safety

“Shares plunged in mid-December after Reuters reported the company knew for decades that its baby powder contained asbestos” writes Rebecca Ungarino for businessinsider.com. The pharmaceutical company disclosed the inquiries in a filing with the SEC on Wednesday.Shares of Johnson & Johnson fell 2.1% early Thursday after the company disclosed it had received preliminary inquiries and subpoenas from the Securities and Exchange Commission and Department of Justice to produce documents relating to the safety of the company’s baby powder and other talc-containing products.The inquiries were related to December press reports about…

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News 

Danske Bank receives inquiry from U.S. SEC over money laundering

“FILE PHOTO: Danske Bank sign is seen on the Estonian branch building in Tallinn Thomson Reuters COPENHAGEN (Reuters) – The money laundering scandal at Danske Bank deepened on Thursday as the Danish lender said it had received an inquiry from the U.S. Securities and Exchange Commission (SEC)” reports businessinsider.com. It said SEC was carrying out an investigation, adding to an ongoing criminal investigation by the U.S. Department of Justice. In addition to the United States, Danske is under investigation in Denmark, Estonia, France and Britain over some 200 billion euros…

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News 

SEC Charges ICO With Selling Unregistered Securities After Startup Self-Reports

“The United States Securities and Exchange Commission (SEC) has charged crypto firm Gladius Network with selling unregistered securities after the company self-reported to the commission, an SEC press release reveals on Feb. 20” writes Adrian Zmudzinski for cointelegraph.com. In the same month, news broke that 2018 witnessed a significant uptick in the number of ICOs authorized by the SEC to sell unregistered securities to large-scale investors, in what it refers to as an exemption.The report also specifies: The company will reportedly return funds to investors who request it and register…

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Crypto News 

SEC Set to Begin Fresh Consultation Period on CBOE-VanEck Bitcoin ETF

“The exchange had filed a rule change proposal to list and trade shares of the Bitwise Bitcoin ETF Trust” writes William Suberg for cointelegraph.com. United States regulator the Securities and Exchange Commission (SEC) says it will shortly commence the countdown period to approval or disapproval of the VanEck/SolidX Bitcoin exchange-traded fund (ETF).The move is the latest in a series of back-and-forth exchanges between the SEC and ETF sponsors.The Chicago Board Options Exchange (CBOE) — the exchange applying with the SEC to list the Bitcoin ETF — had withdrawn its application…

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Crypto Futures Markets News 

SEC and CFTC to Consider a Joint Approach Towards Crypto

“As reported by Finance Magnates earlier this month, the Bitcoin futures market also took a hit since September last year as the trading volume is declining drastically” writes Arnab Shome for financemagnates.com. Though Bitcoin and Ethereum fall under the CFTC’s purview, the SEC is still controlling the larger initial coin offering (ICO) market.In a Bipartisan Policy Center event called “The Year Ahead for Capital Markets” last week, the two US market regulators – the SEC and the Commodity Futures Trading Commission (CFTC) – shared their views on the Bitcoin futures…

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Crypto News 

SEC Starts Review of NYSE Arca’s Bitcoin ETF Rule Change Proposal

“According to the notice, the NYSE Arca exchange filed a rule change proposal to list and trade shares of the Bitwise Bitcoin ETF Trust under its NYSE Arca Rule 8.201-E on Jan. 28” writes Helen Partz for cointelegraph.com. The United States Securities and Exchange Commission (SEC) started reviewing a rule change proposal for NYSE Arca’s Bitcoin (BTC) exchange-traded fund (ETF) on Feb. 11, according to an official document published today, Feb. 15. Source: cointelegraph.com

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Crypto Markets News 

CME Group CEO Terry Duffy: Government Involvement Key to Crypto’s Success

“Terry Duffy, CEO of leading derivative market CME Group, has said that until governments start to accept cryptocurrencies, it is very difficult for major commercial banks to get involved in the market” writes Adrian Zmudzinski for cointelegraph.com. Duffy outlined a change in JPMorgan Chase’s attitude towards crypto when answering inquiries about institutional demand for Bitcoin.He concluded: “The key to the success of any currency, whether it’s fiat or crypto, is going to be associated with the government.A report released today by digital asset management fund Grayscale Investments reveals that capital…

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Crypto News 

Apple Notes Blockchain Guidelines in Recent SEC Filing

“Per the recent filing, Apple participates in the development of blockchain guidelines for the RMI, which are designed to determine a set of principles, concepts and terms for the deployment of blockchain in mineral supply chain due diligence” writes Ana Alexandre for cointelegraph.com. The solution targets the inefficiencies of the global market, including excessive paperwork, manual data processing and lack of transparency between supply chain parties.Last month, IBM partnered with MineHub Technologies to develop blockchain solution to improve supply chain management in the mining and metals industry. Source: cointelegraph.com

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Brokers News Stocks 

Big U.S. exchanges to sue SEC over ‘overreaching’ fee experiment

“The exchanges argue rebates are needed to compensate brokers for providing liquidity and that the SEC has not shown that they harm the market” reports businessinsider.com. NEW YORK (Reuters) – The three largest U.S. stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to test banning lucrative payments exchanges make to brokers for resting stock orders. Source: businessinsider.com

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Markets News 

Nasdaq and NYSE are suing their regulator over a pilot they say could put some ETFs out of business

“The Transaction Fee Pilot, which was approved in December, was designed by the SEC to examine how exchanges’ transaction fees and rebates impact where brokers choose to route clients’ orders” writes Dan Defrancesco for businessinsider.com. The SEC’s pilot, which could last up to two years, will create two test groups of securities in which either transaction fees will be limited or rebates will be prohibited. Source: businessinsider.com

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