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SEC's Gensler May Face an Unbeatable Foe in Crypto

The Motley Fool

Securities and Exchange Commission, gave a stinging indictment of crypto in congressional testimony this week, proclaiming, "I've been around in finance for 44 years now, I guess, and I've never seen a field that's so rife with misconduct – it's just daunting." Gary Gensler, chairman of the U.S.

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Breaking Down Ethereum's Big Move and Why History Says It Will Do This Next

The Motley Fool

On May 23, the Securities and Exchange Commission (SEC) paved the way for approval of a spot Ethereum exchange-traded fund (ETF). Many analysts estimated there was only a 25% chance, but on Thursday, May 22, things took a turn for the better as rumors began to swirl that the SEC had had a change of heart.

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Why Electric Vehicle Stock Polestar Automotive Hit a Roadblock Today

The Motley Fool

Financial filing delayed once more Late Tuesday, Polestar divulged in a regulatory filing that it is currently unable to file its annual and fourth-quarter reports to the Securities and Exchange Commission (SEC) by the filing deadline. This has actually passed, as it was April 30. It did not get more specific.

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Wells Fargo Pays $40 Million to Customers for Excessive Fees

The Motley Fool

In addition, Wells Fargo paid a $35 million civil penalty to the Securities and Exchange Commission (SEC). Excessive fees According to the SEC, each of the affected accounts was opened prior to 2014, and account holders continued to pay excessive fees through December 2022. In total, investors paid more than $26.8

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Can This Red-Hot Crypto Outperform Bitcoin Again in 2024?

The Motley Fool

That's despite all the hoopla surrounding the possible new spot Bitcoin exchange-traded fund and the Bitcoin halving next year, which will slow the crypto's supply growth. In the early part of the year, investors embraced the narrative that Solana had finally distanced itself from the meltdown of the cryptocurrency exchange FTX (CRYPTO: FTT).

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Not All Hollywood Bets Have Fairytale Endings

The Motley Fool

Securities and Exchange Commission announced that it charged BlackRock – the largest money manager in the world, with nearly $10 trillion in assets – for failing to properly disclose to its customers $75 million of investments it made in the entertainment industry. The story itself is fit for a Hollywood blockbuster.

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1 Year Later, What Have We Learned From Ethereum and The Merge?

The Motley Fool

As soon as Ethereum became a proof-of-stake blockchain, it meant that there was going to be much more of a focus on crypto staking , which is the process of "locking up" your crypto in exchange for a financial reward. And that included, unfortunately, the Securities and Exchange Commission (SEC).