Search Results for keywords:"fraud prevention"

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Search Results: keywords:"fraud prevention"

  • Type:Notice
    Citation:90 FR 9470
    Reading Time:about 98 minutes

    On January 24, 2025, NYSE Arca filed a proposed rule change with the Securities and Exchange Commission to list and trade shares of the Grayscale Solana Trust, which deals with Solana cryptocurrency, under specific trading rules. This proposal aims to institute a new way for people to securely invest in Solana via a regulated exchange. The Grayscale Solana Trust, governed by a sponsor and custodian, is structured to prevent fraud and ensure fair pricing. The SEC is currently reviewing the proposal and seeking public comments to evaluate its compliance with regulations designed to protect investors and maintain market integrity.

    Simple Explanation

    Imagine a treasure chest where people can safely keep their shiny Solana coins, a type of digital money, at a special place called NYSE Arca. They want to make this treasure chest really safe and fair, so they are asking some smart people, like the SEC, to make sure everything is okay before they open it for everyone to use.

  • Type:Notice
    Citation:90 FR 10647
    Reading Time:about 50 minutes

    The Securities and Exchange Commission has released a notice that the Cboe BZX Exchange, Inc. is proposing a rule change to allow the listing and trading of shares of the Canary XRP Trust under BZX Rule 14.11(e)(4). The proposal aims to list these shares, which are linked to the digital asset XRP, on a regulated exchange. The document also discusses the measures in place to prevent fraudulent activities, while ensuring investor protection by exposing U.S. investors to XRP through a regulated, exchange-traded product. The public is invited to comment on this proposal to ensure adherence to the rules governing fair and transparent markets.

    Simple Explanation

    The Securities and Exchange Commission is thinking about letting a company list a special kind of investment on the stock market that is connected to a digital currency called XRP, to help keep it safe and fair for everyone. They want to make sure people can trade it without getting tricked and are asking for ideas on how they can do it right.

  • Type:Notice
    Citation:90 FR 12395
    Reading Time:about 71 minutes

    The Nasdaq Stock Market LLC has filed a proposal to list and trade shares of the Grayscale Hedera Trust (HBAR) under Nasdaq Rule 5711(d), which governs commodity-based trust shares. The trust holds HBAR, the native token of the Hedera Network, and aims to provide investors with an easy way to gain exposure to this digital asset. The document details the trust's operation, including the issuance and redemption of shares, the pricing index associated with HBAR, and measures to prevent fraud and ensure secure trading. The proposal also discusses oversight agreements intended to prevent manipulation and ensure fair trading practices.

    Simple Explanation

    Nasdaq wants to offer a new way for people to buy and sell pieces of something called the "Grayscale Hedera Trust," which holds a special type of digital money called HBAR. They have rules to make sure everything is safe and fair, like making sure the prices are right and nobody cheats.

  • Type:Notice
    Citation:90 FR 2697
    Reading Time:about 4 minutes

    The Federal Communications Commission (FCC) is introducing a new computer matching program with the Colorado Governor's Office of Information Technology to verify eligibility for programs like Lifeline and the Affordable Connectivity Program (ACP). These programs offer discounts on broadband and voice services to low-income individuals. The program will check if applicants are enrolled in benefits like SNAP and Medicaid, using data shared between various agencies. This verification aims to ensure only eligible individuals receive these discounts while reducing fraud.

    Simple Explanation

    The FCC wants to make sure that only people who should get help paying for phone and internet are getting it. They will work with people in Colorado to check if those asking for help really need it, but the information shared will be kept safe.

  • Type:Notice
    Citation:90 FR 9985
    Reading Time:about 85 minutes

    The Securities and Exchange Commission (SEC) received a proposed rule change from NYSE Arca, Inc. to list and trade shares of the Grayscale Dogecoin Trust. This trust aims to offer a simpler way for people to invest in Dogecoin through trading shares, without directly dealing with the cryptocurrency. The process ensures transparency by using a dependable pricing index and includes several safety measures to prevent fraud and manipulation. The SEC has invited public feedback on this proposal to help decide if it should be approved.

    Simple Explanation

    The Securities and Exchange Commission is thinking about a new plan where people could buy shares to own a little piece of a Dogecoin Trust, which makes it easier and safer to invest in Dogecoin without touching it directly. They want to make sure it’s fair and safe, so they are asking people for their thoughts before deciding if this plan should go ahead.

  • Type:Notice
    Citation:90 FR 10545
    Reading Time:about 79 minutes

    On February 4, 2025, Nasdaq PHLX LLC filed a proposal with the Securities and Exchange Commission (SEC) to introduce Nasdaq Bitcoin Index Options, which will track the price of bitcoin using the CME CF Bitcoin Real Time Index. These options will be cash-settled and follow European-style exercise rules, allowing investors to receive U.S. dollars based on the difference between the current bitcoin spot market price and the option's exercise price. The proposal aims to offer investors a new, flexible way to manage their investments related to bitcoin, and it will be subject to existing Exchange trading rules, including surveillance measures to prevent fraudulent activities. The SEC is seeking public comments on this proposal before making a decision.

    Simple Explanation

    Nasdaq wants to create a new way for people to invest in bitcoin by letting them use special bets, called options, that pay money based on how bitcoin's price changes. They ask everyone to share their thoughts on this plan before it gets officially accepted.

  • Type:Notice
    Citation:90 FR 11559
    Reading Time:about 9 minutes

    The Securities and Exchange Commission (SEC) is considering a proposal by NYSE Arca to list and trade shares of the Bitwise 10 Crypto Index Fund. This fund aims to invest in a portfolio of digital assets like Bitcoin and Ethereum, tracking the Bitwise 10 Large Cap Crypto Index. The SEC is seeking public comments on whether the proposal is consistent with rules designed to prevent fraud and protect investors. Interested parties can submit their views electronically or by mail by March 28, 2025.

    Simple Explanation

    The government is thinking about letting a company buy and sell parts of a group of digital coins like Bitcoin and Ethereum on a big stock-playing place. They want to make sure this plan is safe and fair, and they're asking people to send their thoughts about it by March 28, 2025.

  • Type:Notice
    Citation:90 FR 10525
    Reading Time:about 50 minutes

    The Securities and Exchange Commission (SEC) has announced that the Cboe BZX Exchange, Inc. has proposed a rule change to list and trade shares of the Bitwise XRP ETF under its Commodity-Based Trust Shares rules. The ETF aims to track the performance of XRP, a digital asset used for fast and low-cost cross-border payments. The proposal is designed to prevent fraud and manipulation while protecting investors, mirroring previous approvals for similar ETFs based on Bitcoin and Ethereum. The SEC is currently seeking public comments on this proposal before deciding on its approval.

    Simple Explanation

    The SEC is looking at a new plan where a company wants to make a special trading fund that works like a basket to hold a digital money called XRP. This plan is meant to let people trade XRP in a safer and more controlled way, and they want to make sure no one cheats or lies.

  • Type:Notice
    Citation:86 FR 653
    Reading Time:about 25 minutes

    The Financial Industry Regulatory Authority, Inc. (FINRA) intends to rescind rules related to its OTC Bulletin Board Service due to its decline in usage and replace them with stricter standards for member-operated systems that update real-time quotations for over-the-counter equity securities. The Securities and Exchange Commission (SEC) is considering whether to approve or disapprove this proposed rule change and invites public comments to ensure it meets legal standards aimed at preventing fraud and ensuring fair trading. Proposed changes include establishing policies to ensure reliable and accurate quotation dissemination and fair access to quoting services, among other responsibilities for member inter-dealer quotation systems.

    Simple Explanation

    The people who help watch over stock trading are thinking about changing some old rules to make sure everyone plays fair when buying and selling certain types of stocks that don't get traded on big places like the New York Stock Exchange. They want to hear what others think about how these changes might make buying and selling stocks better or harder.

  • Type:Rule
    Citation:89 FR 102735
    Reading Time:about 34 minutes

    The Bureau of the Fiscal Service, part of the U.S. Department of the Treasury, is implementing new regulations under the SECURE 2.0 Act of 2022. These regulations require the Treasury to provide states with information about unredeemed U.S. savings bonds to help locate their owners. However, the information can only be used for locating bond owners, not for claiming ownership through state escheatment laws, which attempt to take control of unclaimed property. The regulations also include privacy protections and prevent states from publicly sharing the information without Treasury's consent to avoid fraud and misuse.

    Simple Explanation

    The government wants to help find people who own special bonds they haven't collected yet by sharing information with States, but this info can only be used for finding bond owners and not for keeping the bonds. They also want to keep this info private to stop bad guys from cheating.

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