In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important SEC enforcement developments from the past month,.
On February 9, 2023, the U.S. Securities and Exchange Commission (SEC) announced charges against Payward Ventures, Inc. and Payward Trading Ltd. (collectively, Kraken) for failing.
To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry.
The SEC charged Kraken with offering and selling Kraken’s Staking Program as an unregistered security. Kraken, more formally known as Payward Venture and Payward Trading. Kraken has agreed to pay to cease selling securities through this service and pay $30 million.