SEC requests that business operators implement the BCP that must cover key work systems, including the trading system, the risk control system in compliance with the Net Capital Rules and the investment management system. This includes providing a communication channel that facilitates notifying and clarifying information to clients in case of major changes to service provision.“After continuous monitoring and coordinating with the business operators, we have found that they have implemen...
is not sufficient to provide assurance that such non-audit services may or may not impair the independence arising from the self-review threat or advocacy threat. • The audit firm may lack necessary
. EQCRs may lack the necessary technical skills and experiences. Some audit firms may lack the audit manual and audit procedures as required by the auditing standards. Although in the year 2016, the audit
important role in the promotion of the capital market that they provide the means in which retail investors who may lack the necessary knowledge can enter into the market and are able to diversify their risks
) There might not be enough necessary information disclosed for investors.(3) The product above may lack of liquidity for trading with cash or other products Currently, there is no approved digital
compliance with the governing law; (2) These ICOs have not been screened by the SEC-approved ICO portals; (3) Necessary and sufficient information on these ICOs may not be disclosed to support investors
qualifications and smart contracts by SEC-approved ICO portals; (3) There might not be enough necessary information disclosed for investors.(4) These is no business operators under SEC supervision allowed
, screening of qualifications, review of smart contracts by the SEC-approved ICO Portal, and disclosure of necessary information for investment decisions. Besides, the related business operators may not be
governing law; (2) These ICOs have not been screened by the SEC-approved ICO portals; (3) Necessary and sufficient information on these ICOs may not be disclosed to support investors’ decision making; (4