Crypto-Focused Private Fund Adviser Settles with U.S. SEC for Custody Rule and Other Violations

Retrieved on: 2024-09-20 15:11:12

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Corporate crime

Sam Bankman-Fried

Investment management

Registered Investment Adviser

U.S. Securities and Exchange Commission

Bankruptcy of FTX

Ftx

Cryptocurrency

Assets under management

Investment Advisers Act

Financial adviser

Custodian bank

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Crypto-Focused Private Fund Adviser Settles with U.S. SEC for Custody Rule and Other Violations. View article details on hiswai:

Summary

The article discusses the SEC's enforcement action against Galois Capital for violating the Custody Rule by improperly maintaining crypto assets on FTX, leading to significant fund losses. Tags and concepts connect through focusing on investment mismanagement, corporate crime, and the FTX collapse.

Article found on: www.sidley.com

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