For loans primarily secured by a cash flow stream, subscription facility lenders heavily depend on collateral accounts as a key element of the security package. In this Legal Update, we delve into why ...

The world's largest cryptocurrency exchange Binance allegedly violated U.S. financial rules by commingling customer funds with company revenue, in accounts held at U.S. lender Silvergate Bank (NYSE:SI ...

The world's largest cryptocurrency exchange, Binance, commingled customer funds with company revenue in 2020 and 2021, in breach of U.S. financial rules that require customer money to be kept separate ...

Patrick Hillmann, the chief communication officer of Binance, addressed a recent Reuters report that alleged Binance had commingled customer funds, pointing out several flaws in the reporting and ...

San Francisco mayoral candidate Mark Farrell has continued a practice that his opponents say amounts to skirting campaign-finance limits: He has pooled $160,895 in expenses between his mayoral race ...

Kraken’s parent company, Payward Inc., accused Etana Custody of misappropriating $25 million in client funds. The company ...

Since the beginning of the Russian invasion of Ukraine, the Tufts community has drawn attention to the fact that Russian securities make up a small but notable portion of the university’s endowment.

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

The commingling of customer and corporate funds can be a precursor to heavy losses for clients of financial firms. In December, the SEC and CFTC alleged that the founder of the collapsed FTX crypto ...

May 23 (Reuters) - The world's largest cryptocurrency exchange, Binance, commingled customer funds with company revenue in 2020 and 2021, in breach of U.S. financial rules that require customer money ...