#Jack Ma’s Alibaba at risk of being delisted by SEC

#Jack Ma’s Alibaba at risk of being delisted by SEC

“Jack Ma’s Alibaba at risk of being delisted by SEC” Jack Ma’s Alibaba Group Holding is among a list of Chinese companies that could face delisting, the Securities and Exchange Commission said Friday, pushing the e-commerce giant’s shares down about 10%. Alibaba is among more than 270 Chinese companies listed in New York identified as being at…

Read More
#Elon Musk hit with new subpoena over 2018 tweet

#Elon Musk hit with new subpoena over 2018 tweet

“Elon Musk hit with new subpoena over 2018 tweet” Tesla has increased its capital spending plan by $1 billion, the electric automaker said in a regulatory filing on Monday that also disclosed a second subpoena related to Chief Executive Elon Musk’s go-private tweets in 2018. The company now expects to spend between $6 billion and $8…

Read More
#Elon’s Musk-see fight for Twitter

#Elon’s Musk-see fight for Twitter

“Elon’s Musk-see fight for Twitter” As opposed to most corporate lawsuits, Twitter’s rundown of Elon Musk reneging on his deal to buy the social media giant is interesting reading. It’s more dime-store novel than mind-numbing legalese, which helped convince many journalists that Twitter has an airtight case on a somewhat complicated legal doctrine called “specific…

Read More
#Elon Musk’s ‘best’ Twitter offer looks bogus

#Elon Musk’s ‘best’ Twitter offer looks bogus

“Elon Musk’s ‘best’ Twitter offer looks bogus” The Elon Musk-Twitter drama keeps taking sometimes bizarre, unexpected turns so whatever I write here could be moot not long after the ink dries.  It’s always been dangerous to talk in absolutes about Musk. He is said to be genius-level smart but he’s done some really dumb things…

Read More
#SEC’s Gary Gensler unveils plan to overhaul stock trading

#SEC’s Gary Gensler unveils plan to overhaul stock trading

“SEC’s Gary Gensler unveils plan to overhaul stock trading” The Securities and Exchange Commission’s top boss unveiled a plan on Wednesday that he said would make sure retail traders — including those behind last year’s “meme stock” mania — get a fair deal.  The proposed changes put the SEC on a potential collision course with…

Read More
#Pro-cryptocurrency regulatory bill introduced by Sens. Gillibrand, Lummis

#Pro-cryptocurrency regulatory bill introduced by Sens. Gillibrand, Lummis

“Pro-cryptocurrency regulatory bill introduced by Sens. Gillibrand, Lummis” A pair of senators introduced the first major bipartisan proposal for cryptocurrency regulation on Tuesday with a bill that is largely friendly to the industry.  Sens. Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-Wyo.) want the government to treat bitcoin, ethereum and other cryptocurrencies like commodities such as…

Read More
#SEC probing Elon Musk’s Twitter stake purchase

#SEC probing Elon Musk’s Twitter stake purchase

“SEC probing Elon Musk’s Twitter stake purchase” The Securities and Exchange Commission is looking into Tesla Chief Executive Officer Elon Musk’s disclosure of his stake in Twitter in early April, according to a letter the agency sent to him in April. In the letter, now made public by the SEC, the regulator asks Musk why it appears he…

Read More
#Reality bites traders, memers and crypt-iots

#Reality bites traders, memers and crypt-iots

“Reality bites traders, memers and crypt-iots” Melvin Capital is maybe the first — but certainly won’t be the last — hedge fund hammered out of business as markets wean themselves off the heroin of cheap money that has propelled stocks and just about everything else for the past two-plus years. Hedge-fund investors, even those who…

Read More
#Elon Musk’s late disclosure of Twitter stake spurs SEC probe

#Elon Musk’s late disclosure of Twitter stake spurs SEC probe

“Elon Musk’s late disclosure of Twitter stake spurs SEC probe” The Securities and Exchange Commission is investigating Elon Musk’s delayed disclosure of his sizable stake in Twitter last month, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The SEC and the Tesla top boss did not immediately respond to Reuters’ requests for comment. On April 4, Musk disclosed a…

Read More