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4 Key Finance-Related Issues Scrutinized by the Sec in 2018

The SEC is currently in the process of scrutinizing cryptocurrencies and other financial markets moving forward. Throughout the year 2018 – to date – the agency has undertaken a lot of noteworthy actions. According to its latest report, the following enforcement actions will only become more apparent over time.

#4 Cyber-related Misconduct

The concept of cyber-related misconduct comes in many different shapes and sizes throughout 2018. The SEC is keeping tabs on many different aspects in this regard, although that appears more than warranted given the current market circumstances. The SEC has cracked down on companies misleading investors, fraudulent ICOs, and securities fraud.

Some notable examples include cracking down on a potentially fraudulent ICO valued at $32m, as well as cracking down on Titanium Blockchain Infrastructure Services. There are a lot of other projects currently still under investigation as well, but it seems the SEC is not taking kindly to any firm which is not behaving as one would expect.

#3 Ponzi Schemes

It is not abnormal to see the SEC crack down on Ponzi Schemes in this day and age. Various charges have been filed against companies and their associated staffers for defrauding investors. Some of the projects being shut down raised as much as $1bn or more, further confirming the agency is looking well beyond just fraudulent cryptocurrency ventures.

#2 Insider Trading

Although the SEC has not charged anyone with insider trading pertaining to cryptocurrencies, there are still plenty of concerns something malicious may be brewing behind the scenes. Throughout 2018, the agency has filed charges against 56 individuals misappropriating and unlawfully trading on material and nonpublic information.

#1 Disclosure Issues

Perhaps the most pressing problem in the financial sector today is how disclosure issues and auditor misconduct become a lot more apparent. A total of 54 entities and 94 individuals were charged by the agency. These charges span issues with financial reporting pertaining to revenue, expenses, faulty valuation, and so forth. A very major problem which cannot be allowed to spread any further.

One of the individuals getting a slap on the wrist is Elon Musk. The SEC isn’t too pleased with his Tweets pertaining to Tesla privatization. Various public accounts were also charged for their alleged participation to use confidential information. No cryptocurrency incidents were reported in this department, which is somewhat of a promising sign first and foremost.

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Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest. Bitcoin Cash Value Fluctuates Heavily Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish. That is quite a large gap between prices, yet one that is also very easy to explain. Bitcoin Cash, as people knew it before the fork, no longer exists. Most professional exchanges have also retired this price ticker, for the time being. As the hash war rages on, there are still a lot of unknown factors waiting to be addressed. Despite this ongoing kerfuffle, there is a net 5.76% decrease in the Bitcoin Cash price, and a 5.4% decline over Bitcoin. More specifically, that is what CoinMarketCap reports at this time, although this is not necessarily the case whatsoever. In fact, some exchanges are clearly jumping the gun by labeling BCHABC as BCH and thus dragging the Bitcoin Cash price down a bit more. Exchanges currently engaging in this activity include Bittrex and Coinex, neither of which plays a big role of importance when it comes to trading. However, based on the current value of BCH on Bitfinex and Gate.io, it seems a similar incident is taking place. One also has to keep in mind Bitcoin Cash was getting battered ahead of the network split as well. Most exchanges have halted trading of BCH indefinitely, primarily because the currency no longer exists. It is evident either BCHABC or BCHSV will take over that name in the future, but nothing has been decided at this point. As such, any trading referring to just “Bitcoin Cash” or “BCH” should be avoided, as most users can never be sure which currency is effectively being traded under this name. All of this skews the picture pertaining to Bitcoin Cash altogether. Coinmarketcap reports there is still $392m in trading volume for BCH, even though that is virtually impossible right now. With so many exchanges freezing deposits and withdrawals, it is evident actual BCH trading is no longer possible whatsoever. Virtually all platforms have deposits of BCHSV and BCHABC frozen as well, which only makes this market trend more confusing. It is safe to say the entire network split has been a bit of a mess first and foremost. In the case of Bitcoin Cash itself, that name will – under the current circumstances- not be used across exchanges for much longer. Instead, the two separate camps need to be treated as such first and foremost. Until things settle down – with might not necessarily happen anytime soon – the Bitcoin Cash price itself is pretty much irrelevant for most traders and speculators. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Gets Skewed due to Exchange Trickery appeared first on NullTX.

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