Grayscale Investments LLC said Intercontinental Exchange Inc's NYSE Arca exchange withdrew a request with the U.S. Securities and Exchange Commission (SEC) to list its Bitcoin Investment Trust.
SEC Administrative Law Judge Carol Fox Foelak ruled that while Tilton and Patriach did not make it easy for investors to find information, "they also did not conceal - omit to state - material information."
The SEC said it had charged SunTrust for "improperly recommending more expensive share classes of various mutual funds when cheaper shares of the same funds were available."
The 10 largest higher education endowment funds in the United States now have an average of 14.4 percent of their direct equity portfolios in ETFs, a 15 percent decline from two years ago.