#Bitcoin surges 5% as optimism grows for SEC approval of ETF

#Bitcoin surges 5% as optimism grows for SEC approval of ETF

“#Bitcoin surges 5% as optimism grows for SEC approval of ETF” Bitcoin is surging amid hope that the Securities and Exchange Commission is close to approving an exchange-traded fund that incorporates the digital coin.  Bitcoin was trading at about $57,500 on Thursday morning, up 5 percent over the previous 24 hours, according to Coinbase data. …

Read More
#SEC reportedly investigating Archegos Capital

#SEC reportedly investigating Archegos Capital

“#SEC reportedly investigating Archegos Capital” The Securities and Exchange Commission is investigating Archegos Capital Management, the family office run by Bill Hwang that defaulted on margin calls earlier this year, Bloomberg News reported on Friday, citing people familiar with the matter. The securities regulator is probing the firm’s trading activity, including whether it concealed the size of…

Read More
#Crypto exchange developer Uniswap ‘in SEC crosshairs’

#Crypto exchange developer Uniswap ‘in SEC crosshairs’

“#Crypto exchange developer Uniswap ‘in SEC crosshairs’” One of the largest names in the burgeoning cryptocurrency space is in the crosshairs of a newly aggressive Securities and Exchange Commission, according to a report. The investigation of Uniswap Labs, which is the developer behind the biggest so-called decentralized cryptocurrency exchange, underlines the scrutiny crypto-related activities are…

Read More
#Kraft Heinz to pay more than M to settle SEC charges

#Kraft Heinz to pay more than $62M to settle SEC charges

“#Kraft Heinz to pay more than $62M to settle SEC charges” Kraft Heinz and two former executives have agreed to pay more than $62 million to settle charges they falsified supplier contracts to achieve cost savings in a multi-year accounting scheme, the Securities and Exchange Commission said Friday. The food company engaged in an array…

Read More
#Lawyers fight back following attack on SPACs

#Lawyers fight back following attack on SPACs

“#Lawyers fight back following attack on SPACs” The nation’s top law firms are clapping back against an explosive lawsuit filed last week that argues so-called special-purpose acquisition companies, or SPACs, should be regulated as investment vehicles. In a letter released Friday, 49 of the most prestigious law firms in the US came to the defense…

Read More
#Ex-CEO of tech startup HeadSpin accused of bilking investors out of M

#Ex-CEO of tech startup HeadSpin accused of bilking investors out of $80M

“#Ex-CEO of tech startup HeadSpin accused of bilking investors out of $80M” Federal authorities on Wednesday charged a co-founder and former chief executive of HeadSpin with defrauding investors out of as much as $80 million by overstating the Silicon Valley startup’s revenue and other key financial metrics. Manish Lachwani was accused of lying to HeadSpin investors from 2018 to…

Read More
#Ambitious SEC boss Gensler cultivates Sen. Elizabeth Warren

#Ambitious SEC boss Gensler cultivates Sen. Elizabeth Warren

“#Ambitious SEC boss Gensler cultivates Sen. Elizabeth Warren” If Gary Gensler sounds a lot like Elizabeth Warren, it’s not by accident but by design. He needs the powerful progressive senator in his corner to fulfill his ultimate, career-fulfilling goal, which, according to sources, is having his signature on the dollar bill as treasury secretary.  Gensler…

Read More