Citadel’s Ken Griffin attacks SEC cash grab for surveillance
Hedge fund mogul Ken Griffin is reportedly leading a campaign to block U.S. regulators' efforts to force traders to fund a new market-surveillance system. Griffin's Citadel Securities wants to block new rules that would require investors to put money aside for a so-called integrated audit trail system that has already cost an estimated $1 billion. […]
Franklin Resources Stock Sinks as SEC Investigates Co-CIO of $2B Unit – Yahoo Finance
SEC probe of B. Riley widens as struggling firm’s stock drops more than 50% on profit warning
The federal government has expanded its investigation into financial misconduct at B. Riley & Co., sources told The Washington Post, even as the struggling Wall Street company suspended its dividend and issued a profit warning on Monday and its stock price fell more than 50%. Short sellers continued to provide information about B. Riley to […]
Morgan Stanley’s Bitcoin ETF push is a 'death wish,' says former SEC official – Cointelegraph
Morgan Stanley, the largest asset manager in the United States, could face a tough compliance scrutiny for allowing its entire team of financial advisors to pitch a Bitcoin exchange-traded fund (ETF), former Securities and Exchange Commission (SEC) official and cryptocurrency skeptic John Reed Stark has warned. “Morgan Stanley has subjecting itself to the largest examination […]
Ripple’s Cross-Border Business Could Be Collateral Damage in SEC Suit – PYMNTS.com
One of the longest-running lawsuits impacting the future of cryptocurrency regulation may be nearing resolution. Lawsuit between cryptocurrency companies Ripple Labs And the United States Securities and Exchange Commission The SEC’s debate revolves around whether Ripple’s XRP token is a security, and has gone through several iterations since the start of 2020. On Wednesday (August […]
EXCLUSIVE: Ted Cruz Demands Investigation Into Education Sec Over ‘Overtly Political’ Student Loan Letter
Texas Republican Sen. Ted Cruz has asked the inspector general to investigate whether Education Secretary Miguel Cardona engaged in illegal political activity, according to a letter sent Wednesday. According to Sen. Cruz’s letter, obtained by the Daily Caller News Foundation, Cruz argued that the message Cardona sent on July 15 to students benefiting from President […]
Ripple CEO accuses SEC of ‘hypocrisy’ and confusing regulations – crypto.news
Ripple CEO Brad Garlinghouse harshly criticized the U.S. Securities and Exchange Commission in a recent social media post. Following the SEC’s decision to suspend allegations in its ongoing lawsuit against Binance that its native crypto assets, Solana (SOL), Cardano (ADA) and Polygon (MATIC), are unregistered securities, Garlinghouse appeared on X to share his thoughts and […]
SEC and DOJ charge famed short seller in $16M stock manipulation scheme
See what’s clicking on FoxBusiness.com Federal prosecutors on Friday charged prominent short seller Andrew Left with fraud, accusing him of using his vast following to manipulate the stock market. Stock Market And he made at least $16 million in illegal profits. of Securities and Exchange Commission It also filed charges against Left and his company, […]
SEC official makes ‘Horns Down’ penalty decision as college football season nears
SEC enforcement coordinator John McDade made the announcement officially this week. The “Horns Down” taunt does not result in unsportsmanlike conduct penalties for conference teams. The celebration is directed at players in all sports, particularly the Texas Longhorns football team. When the school was in the Big 12 Conference, the taunting was penalized, but Coach […]
Alabama’s Tyler Booker gives Nick Saban taste of own medicine after SEC snub
Nick Saban’s own quote is being thrown in his face. Saban, who retired earlier this year after his legendary tenure as the University of Alabama football coach and is now a commentator for ESPN, predicted that Georgia and Texas will face off in this year’s SEC Championship Game. Far from feeling ignored, the former players […]