By Emir Abyazov Nasdaq representatives have approached the U.S. Securities and Exchange Commission (SEC) with a notable request concerning cryptocurrencies. They want the regulator to apply the same standards to digital assets as it does to traditional securities, if those assets are effectively “stocks under a different name.” In other words, the exchange is calling […]
Tag: SEC
By Chayanika Deka The US Securities and Exchange Commission (SEC) charged Ramil Palafox, the founder of the crypto company PGI Global, with orchestrating a massive $198 million Ponzi scheme that misled investors worldwide. Palafox is accused of defrauding investors by promoting PGI Global as a legitimate crypto asset and foreign exchange trading business from January […]
By Christian Encila Federal prosecutors and regulators have charged a man they claim operated a massive cryptocurrency fraud scheme that swindled $200 million from 90,000 investors. Ramil Palafox, a dual US and Philippines citizen, allegedly stole more than $57 million from January 2020 through October 2021 through his firm PGI Global, according to charges filed […]