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867 SEC Sues Silvergate Capital Over Compliance Claims

The Information
Yueqi Yang @ The Information · 07/01/2024 17:21 EDT

SEC Sues Silvergate Capital Over Compliance Claims

The Securities and Exchange Commission on Monday sued Silvergate Capital and its three former top executives, alleging the California lender misled investors on operational and legal risks from its crypto customers. The bank falsely stated it had an effective compliance program even though it “ ...

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