more now from new york with samira hussain. in these latest charges, the sec said coinbase acted as a broker, exchange and clearing agency for investments that are subject to sec rules but they did so without properly registering, and that, the regulator said, allowed the firm to escape oversight, including guards against conflicts of interest. the charges against coinbase were not a surprise. as a publicly traded companyit disclosed in march of this year that the sec had notified it that these charges may be coming. in response, coinbase said the rules were not clear. testifying on capitol hill tuesday the chief legal officer for coinbase said it try to get new rules in place for crypto platforms like theirs, but got no response from the sec. since that time, we have had over 30 engagements with the sec to try to work towards a sensible framework for regulation that would allow, for example, the registration of platforms as either broker dealers or atss, or a national securi
more from new york now. in more from new york now. in these latest charges, the sec said coin base acted as a broker, exchange and clearing agency for investments that are subject to sec rules but they did so without properly registering, and that, the regulator said, allowed the firm to escape oversight, including guards against conflicts of interest. the charges against coinbase were not a surprise. as a publicly traded company are disclosed in march of this year that the sec had notified it that these charges may be coming. in response, coinbase said the rules were not clear. testifying on capitol hill tuesday the chief legal officer for coinbase said it try to get new rules in place for crypto platforms like theirs, but got no response from the sec. since that time. no response from the sec. since that time. we no response from the sec. since that time, we have no response from the sec. since that time, we have had - no response from the sec. since that time, we hav
office, the treasury, and also the finance department, as well, looking at how consulting firms get government business, and this certainly lies at the heart of the pwc case. a story of inside information if you like, how was a sensitive government information on tax reform leaked by a senior partner to help clients minimise their tax and earn the company millions of dollars in fees. now, australian lawmakers say this has been a betrayal of the australian people, the australian government, which is pwc s biggest customer, says it was an appalling breach of trust. so the company is trying to minimise the damage to its reputation, and it is worth pointing out that the australian media, sections of the media here, is describing vests as a reputational nightmare on pwc that is of its
australian government, which is pwc s biggest customer, it says it was an appalling breach of trust. the company is trying to minimise the damage to its reputation and it is worth pointing out that the australian media sections of the media here are describing this as a reputational nightmare on pwc that is of its own making. nightmare on m that is of its own making- own making. quite a lot of reputational own making. quite a lot of reputational damage - own making. quite a lot of reputational damage but i own making. quite a lot of. reputational damage but what could be the outcome, because the government decide not to continue using pwc because of this? ., , ., this? could be part of the consequence this? could be part of the consequence from - this? could be part of the consequence from pwc. l this? could be part of the i consequence from pwc. this this? could be part of the - consequence from pwc. this is one of the major consulting firm is notjust here in australia but around