Lead story · Rules
SEC Charges 38 Entities Over Alleged False Advisory Filings
The SEC charged 38 entities for allegedly making material misrepresentations in Forms ADV between 2025 and 2026 to falsely portray themselves as registered advisory firms.
The allegations remain unadjudicated claims in an ongoing SEC administrative enforcement proceeding.
- The SEC charged 38 entities alleging false ADV filings used to portray themselves as legitimate advisory firms.
Read the 90-second brief
What happened
The SEC charged 38 entities for allegedly making material misrepresentations in Forms ADV between 2025 and 2026 to falsely portray themselves as registered advisory firms.
Why it matters
The SEC charged 38 entities alleging false ADV filings used to portray themselves as legitimate advisory firms.
What to watch
The allegations remain unadjudicated claims in an ongoing SEC administrative enforcement proceeding.
24h breadthMixed · 52/100
Lower50 = flatHigher
Tracked assets were close to neutral overall.
Breadth starts at 50, adds three points for each 1% of average 24-hour movement across the tracked assets, and is capped between 0 and 100.BTC$78,072.00+0.56%
BTC was 0.56% higher than the provider quote 24 hours earlier. Snapshot: 04:57 UTC.ETH$2,453.62+0.56%
ETH was 0.56% higher than the provider quote 24 hours earlier. Snapshot: 04:57 UTC.SOL$104.96+1.05%
SOL was 1.05% higher than the provider quote 24 hours earlier. Snapshot: 04:57 UTC.CoinGecko snapshot at 04:57 UTC. Prices and 24-hour moves refresh automatically without rerunning the newsroom.
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"This is a better version of a stock, period." @wagmiAlexander told me why, pointing to Interactive Brokers's 77% profit margin as the bar DeFi composability is already clearing. 🔥 Watch on @Unchained_pod. https://t.co/QAJbqZXjfj
Apple didn’t predict Uber, TikTok, or Coinbase. But the iPhone enabled an entirely new wave of companies. Tokenized assets on blockchains will be similar. We already know the immediate benefits (global access, better utility, 24/7 trading), but a new set of finance companies we can't imagine will be built on top.
Banger of a presentation from top economists at Jackson Hole that looks at the emerging shape of the international monetary system and influence of tokenized forms of money.
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Mixed · breadth 52/100. A score of 50 means the tracked assets were flat on average.
24-hour price changeLatest · 04:57 UTC
BTC$78,072.00
+0.56%BTC was 0.56% higher than the provider quote 24 hours earlier. Snapshot: 04:57 UTC.ETH$2,453.62
+0.56%ETH was 0.56% higher than the provider quote 24 hours earlier. Snapshot: 04:57 UTC.SOL$104.96
+1.05%SOL was 1.05% higher than the provider quote 24 hours earlier. Snapshot: 04:57 UTC.Exact percentages are printed beside every row; color is supplemental.
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