Gary

TRON

Billion

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Wall Street brokerages and many of the biggest players in the crypto industry. 
<h2 id="sec-filed-more-than-700-cases-in-2023">SEC Filed More than 700 Cases in 2023</h2> 
The SEC said enforcement actions will result in almost $5 billion in fines and refunds to investors through fiscal 2023. 
The total penalties earned between October 2022 and September 30 were the second highest on record, the SEC said in a statement. 
The regulator highlighted its actions regarding digital assets, cybersecurity and Wall Street brokerage employees using unapproved communication platforms to conduct business. 
<blockquote> 
 “The investing public benefits from the enforcement division operating like a police officer on patrol,” SEC Chairman Gary Gensler said in a statement. The agency said it opened 784 enforcement cases, representing a 3% increase compared to 2022. 
</blockquote> 
SEC, Binance Holdings Ltd. in fiscal year 2023. and Chief Executive Officer Changpeng Zhao, as well as Coinbase Global Inc. It has also filed lawsuits against other major crypto players, including . 
Related News: <a href="https://en.bitcoinsistemi.com/tron-founder-justin-sun-buys-a-new-altcoin-from-binance-onchain-data-shows/" target="_blank" rel="dofollow">TRON Founder Justin Sun Buys a New Altcoin from Binance, Onchain Data Shows</a> 
Binance, Zhao and Coinbase denied the allegations and asked for the regulator's lawsuits to be dismissed. 
The agency said enforcement actions resulted in a record $6.4 billion in fiscal 2022 and $3.9 billion in 2021. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/sec-filed-a-5-billion-lawsuit-in-2023-here-are-the-institutions-that-were-sued-and-the-reasons/">SEC Filed a $5 Billion Lawsuit in 2023! Here are the institutions that were sued and the reasons!</a>

SEC Filed a $5 Billion Lawsuit in 2023! Here are the institutions that were sued and the reasons!

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