In a statement the U.S. Securities and Exchange Commission said it had charged actor Zachary Horwitz with operating a $690 million Ponzi scheme.
Securities and Exchange Commission
Family offices should be brought back within regulatory oversight: Democratic Commissioner Dan Berkovitz
According to a Democratic commissioner, the Commodity Futures Trading Commission (CFTC), should reverse its loosening of oversight of family offices. His comments come in the wake of the blowup of Archegos Capital. The downfall of the family office run by… Read More ›
SEC suspends KPMG auditors Jennifer Stewart and Christopher Stanley for improper professional conduct
In a statement, the U.S. Securities and Exchange Commission said, it has suspended two former KPMG auditors from practicing before the regulator after it found that they had failing to properly conduct an audit of the now-defunct, not-for-profit college that… Read More ›
Nasdaq, NYSE, Cboe Global Markets sue SEC over planned overhaul of public data feed
According to court filings, Nasdaq Inc and the New York Stock Exchange have sued the Securities and Exchange Commission in an attempt to block a plan by the regulator to overhaul public data feeds that broadcast stock prices to investors…. Read More ›
Patria Investments Ltd expects IPO valuation between $1 billion to 1.6 billion
In a statement Brazilian asset manager Patria Investments Ltd said it is slated to reach a valuation of between $1 billion to $1.6 billion in its planned initial public offering (IPO) on Nasdaq. On December 30, Patria, which has $13… Read More ›
Trump Administration bans U.S. investments in Chinese companies owned/controlled by Chinese military
In a significant development, the Trump Administration has passed an executive order which prohibits U.S. investments in Chinese companies, which are owned or controlled by the Chinese military. The executive order is likely to impact some of China biggest companies,… Read More ›
Citadel Securities sues SEC over IEX’s “D-Limit” order
In a significant development, Citadel Securities has sued the Securities and Exchange Commission (SEC) over its decision to approve a new mechanism for trading stocks at IEX Group Inc. “The SEC failed to properly consider the costs and burdens imposed… Read More ›
Daniel Kamensky, Marble Ridge Capital LP’s founder, charged with fraud over Neiman Marcus’ bankruptcy
In a statement, the U.S. Department of Justice said, it has charged Daniel Kamensky, New York-based hedge fund Marble Ridge Capital LP’s founder, with pressuring a rival not to bid for assets related to Neiman Marcus’ bankruptcy so that he… Read More ›
Robinhood Markets Inc faces a potential fine of more than $10 million from the SEC
According to a report from the Wall Street Journal, Robinhood Markets Inc is being investigated by the U.S. Securities and Exchange Commission (SEC) over its early failure to fully disclose its practice of selling clients’ orders to high-speed traders. The… Read More ›
U.S. hedge fund Third Point LLC sells 100% of ADRs in Sony: SEC filings
According to regulatory filings, U.S. hedge fund Third Point LLC has sold all American Depositary Receipts (ADRs) that it holds in the Japanese company. In recent months it had been pushing Sony Corp to increase return of stakeholders, including spinning-off… Read More ›
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