SEC holds primary responsibility for enforcing the federal securities laws and regulating the securities industry in the United States.
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government. The SEC holds primary responsibility for enforcing the federal securities laws, proposing securities rules, and regulating the securities industry, the nation’s stock and options exchanges, and other activities and organizations, including the electronic securities markets in the United States.
In addition to the Securities Exchange Act of 1934, which created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, and other statutes. The SEC was created by Section 4 of the Securities Exchange Act of 1933 (now codified as 15 U.S.C. § 78d and commonly referred to as the Exchange Act or the 1934 Act).
Tesla stock closed yesterday at $1,009.35. 10 years ago, the price at the debut was $17. If we take this price, the growth is 5,900%, if we take the price at the end of the first trading day – $23.89, the growth is 4,200%.
The SEC has filed civil charges against Abramoff and Andrade in addition to the criminal charges. Andrade hired Abramoff in 2017 to “work on a public relations and marketing campaign” for the cryptocurrency, called AML Bitcoin.
The SEC has submitted a new filing to the court which asks Telegram to pay back $1.2 billion disgorgements to investors. Besides, it also states that Telegram will have to inform the SEC if it plans to pursue any such project in the future.