WSJ: SEC и FINRA заинтересовались торговлей акциями компаний с крипторезервами

cryptonews.ruPublished on 2025-05-25Last updated on 2025-09-26

  • Регуляторы США изучают резкий рост объемов торгов акциями компаний перед объявлением о покупке криптовалют.
  • Некоторые письма FINRA могут быть признаком начала расследований в отношении инсайдерской торговли.

Комиссия по ценным бумагам и биржам США (SEC) и Управление по регулированию финансовой индустрии (FINRA) обратились к некоторым компаниям, которые объявили о намерении покупать криптовалюты. Причина — необычно высокая активность на фондовом рынке перед соответствующими объявлениями. Об этом сообщает The Wall Street Journal, ссылаясь на осведомленные источники.

Американские регуляторы обеспокоены тем, что информация о запланированных покупках могла стать известной до ее официального объявления. Речь идет о потенциальном нарушении требований Regulation Fair Disclosure (Reg FD), которая запрещает компаниям выборочно раскрывать материальные сведения, которые влияют на котировки акций.

FINRA присылала письма, которые обычно свидетельствуют о начале расследования инсайдерской торговли. Как пояснил Дэвид Чейз, бывший юрист SEC, это может стать первым этапом более глубокого анализа действий компаний или инвесторов. Однако пока неизвестно, касаются ли проверки конкретных фигурантов.

В WSJ отметили, что бум на новый корпоративный подход спровоцировала MicroStrategy, которая превратила покупку биткоина в часть финансовой стратегии. Аналогичную модель — привлечение средств через выпуск акций или облигаций и последующую покупку цифровых активов — переняли еще 212 компаний, говорится в сообщении. По оценкам Architect Partners, объем запланированных вложений превысил $100 млрд.

На практике многие такие фирмы проводят предварительные консультации с частными инвесторами. Они обычно сопровождаются соглашениями о неразглашении, но в отдельных случаях информация о сделках «утекала», и цена акций росла еще до официального анонса.

Юристы, знакомые с процессом заключения сделок, отмечают, что утечки информации могут не только вызывать подозрения регуляторов, но и создавать трудности с определением справедливой цены.

Напомним, ранее CEO Pantera Capital Дэн Морхед спрогнозировал создание биткоин-резервов геополитическими противниками США.

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