Challenges to the U.S. Securities and Exchange Commission’s authority to combat fraud are increasingly a subject of debate. On Wednesday, the Supreme Court will hear an appeal by President Joe Biden’s administration regarding a lower court’s decision limiting the SEC’s ability to enforce securities laws through its internal tribunal system. This case involves George Jarkesy, …
The world perhaps didn’t anticipate yet another demonstration of the unpredictability of cryptocurrency, but it was presented with one on Monday. In a matter of minutes, the price of bitcoin surged by around 10% to nearly $30,000, all due to a fake news report, as reported by Insider. However, the gains were quickly lost when …
A Tesla Model Y on a Tesla car lot in Austin, Texas, May 31, 2023. In the fourth quarter of 2021, an employee of Tesla and a researcher in the tech industry filed a whistleblower complaint to the U.S. Securities and Exchange Commission (SEC) alleging potential violations of the law by Elon Musk’s car company. …
Freedom Holding, a Kazakh financial firm traded on Nasdaq, is currently being investigated by federal prosecutors and the Securities and Exchange Commission (SEC) over compliance issues, insider stock trading, and ties to sanctioned individuals, according to CNBC sources and documents. The SEC’s Boston office has been investigating Freedom for several months, while the US Attorney’s …
Citadel founder and CEO Kenneth Griffin. Andrew Harrer | Bloomberg | Getty Images WASHINGTON — The Securities and Exchange Commission has issued a $7 million fine against Citadel Securities LLC following a settlement where the big broker-dealer firm was found to have mismarked sales orders over a period of five years, according to the agency’s …
Ethereum co-founder Vitalik Buterin is a nomadic coder who is constantly on the move, seeking refuge with like-minded programmers who share his passion for cryptography-powered technology. In an interview in Prague, Buterin expressed apprehension about visiting certain countries, including his homeland of Russia, due to political reasons and concerns over privacy and open-source code. Despite …
A group of trade associations has launched a legal challenge against new regulations implemented by the Securities and Exchange Commission (SEC). The associations filed a lawsuit in the U.S. Court of Appeals for the Fifth Circuit, claiming that the SEC has exceeded its authority and introduced rules that will hinder investment. President and CEO of …
Week 1 in college football is a time filled with hope and anticipation. It’s a moment before disappointing upsets, devastating injuries, and the realization that your team might not meet expectations this year. However, fans are always captivated by exceptional individual performances in Week 1, as it offers a glimmer of possibility that their team …
The U.S. real estate investment market is currently managed by real estate investment trusts (REITs) that oversee a staggering $4.5 trillion worth of global real estate assets. These tax-friendly funds are widely offered to retail investors on Wall Street. KKR, a prominent private equity firm, is a major player in the REIT industry. Their real …
An investigation by federal authorities is underway regarding Tesla’s alleged use of company funds for a covert project aimed at constructing a home for CEO Elon Musk in Austin, Texas, as reported by the Wall Street Journal. The U.S. Attorney’s Office for the Southern District of New York is currently gathering information to determine the …