The SEC proposed new transfer agent rules on Tuesday that could allow a blockchain to become the official record of share ownership, potentially enabling blockchain technology for securities offerings and share transfers while modernizing regulations unchanged since the early 1980s. The same day, the CFTC fined John Patrick Gorman III, a US dollar swaps trader and managing director at a global investment bank, $90,000 for deleting WhatsApp messages despite a preservation order and lying about it during testimony. The case illustrates regulators’ reliance on documents traders choose to keep, a weakness a shared ledger would remove.
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