Tag Archives: securities

Telegram to pay $18.5 million and return $1.2 billion following SEC crypto charges

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Telegram’s initial bid to launch its “Gram” cryptocurrency has failed. The US Securities and Exchange Commission (SEC) announced today that in order to resolve charges of violating federal securities laws, it has ordered Telegram to return more than...

SEC sues Kik for running an unregistered Initial Coin Offering

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The US Securities and Exchange Commission (SEC) is suing messaging service Kik Interactive, stating that its 2017 digital token sale, which raised $100 million, was essentially an illegal, unregistered securities offering. According to Bloomberg, thi...

Massachusetts halts five ICOs for defying financial rules

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It's not just the feds concerned about sketchy cryptocurrency fundraising. Massachusetts Secretary of the Commonwealth William Galvin has ordered a halt to the sale of five initial coin offerings (18 Moons, Across Platforms, Mattervest, Pink Ribbon...

SEC Cyber Unit’s first charges target cryptocurrency fraud

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The Securities and Exchange Commission's new Cyber Unit has filed its first charges since being formed in September. The unit's case is being brought against a company called PlexCorps, its founder Dominic Lacroix and his partner Sabrina Paradis-Roye...

Facebook’s Sheryl Sandberg Donates nearly $100 Million to Charity

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Facebook Chief Operating Officer (COO) Sheryl Sandberg has transferred nearly $100 million in Facebook stock into a charitable fund, a US Securities and Exchange Commission document has revealed....

Sprint Nextel takes control of Clearwire after increasing stake to 50.8 percent

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A securities filing has just revealed that Sprint Nextel has acquired 50.8 percent of Clearwire Corp giving it control of the firm. The deal comes after buying out Eagle River Holdings' stake in the telco. This comes just days after Sprint was subject to a sale of its own, to Japanese operator Softbank. The news is the latest twist in the up and down relationship between the two firms, and hints at a more assertive LTE strategy -- given that it now has more say over Clearwire's spectrum. Although it remains unclear how this will affect deals with other operators. If you really want to get in to the nitty-gritty, head on down to the Securities and Exchange Commission doc in the source link below.

[Thanks, James K]

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Sprint Nextel takes control of Clearwire after increasing stake to 50.8 percent originally appeared on Engadget on Thu, 18 Oct 2012 08:04:00 EDT. Please see our terms for use of feeds.

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