Robinhood Crypto Compliance Meltdown


New York financial regulators have issued a scorcher of an enforcement action against Robinhood, hitting the online trading app with a $30 million for allowing a weak compliance program that, in turn, allowed a wide range of other compliance failures. The New York Department of Financial Services (DFS) announced the sanction on Tuesday. The precise…

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SEC Launches Crypto Push


The Securities and Exchange Commission made three notable enforcement moves in the cryptocurrency world last week, clearly sending a signal to this Wild West part of the capital markets that the SEC wants to bring some law and order to town. First, the agency announced that it is adding 20 enforcement agents to its cyber…

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Binance Compliance Hiring Spree


The chief executive of cryptocurrency exchange Binance just published an interesting statement, promising to double the size of the firm’s compliance team by the end of this year and to invest in various other compliance program efforts — all while regulators around the world are putting Binance and its operations under a microscope. Changpeng Zhao,…

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