Loading...
Market
Which crypto-focused investment firm will face SEC action next by end of 2024?
2
Resolution / Starting Odds
Galois Capital • 25%
Another firm • 25%
Multiple firms • 25%
No further actions • 25%
SEC public reports and announcements
Story
SEC Charges Galois Capital for Custody Rule Violations, $225,000 Settlement
Sep 3, 2024, 04:13 PM
The U.S. Securities and Exchange Commission (SEC) has charged and settled with Galois Capital Management LLC, a former registered investment adviser based in Florida, for violations of the Investment Advisers Act's Custody Rule. The SEC alleges that the crypto-focused Galois Capital failed to properly safeguard client assets, including cryptocurrency assets, by holding them in non-qualified custodians and misleading investors about redemption notice periods. The firm has agreed to a settlement that includes a $225,000 civil penalty. The charges are linked to FTX-related custody issues.
View original story
Similar markets
Coinbase • 25%
Binance • 25%
Gemini • 25%
Other • 25%
OpenSea • 25%
Coinbase • 25%
Robinhood • 25%
Uniswap • 25%
Coinbase • 25%
Binance • 25%
Ripple • 25%
Other • 25%
Ripple • 25%
Coinbase • 25%
Binance • 25%
Other • 25%
Binance • 25%
Coinbase • 25%
Kraken • 25%
Other • 25%
FTX only • 25%
Kraken only • 25%
Both FTX and Kraken • 25%
Other exchanges • 25%
Ripple (XRP) • 25%
Cardano (ADA) • 25%
Chainlink (LINK) • 25%
Other • 25%
Ethereum (ETH) • 25%
Tether (USDT) • 25%
Binance Coin (BNB) • 25%
Other • 25%
Yes • 50%
No • 50%
Ethereum • 25%
Cardano • 25%
Polkadot • 25%
Other • 25%
Coinbase • 25%
Ripple • 25%
Binance • 25%
Other • 25%
Aave • 25%
Uniswap • 25%
Compound • 25%
Other • 25%