#Gensler says cryptocurrency investors need more protection

#Gensler says cryptocurrency investors need more protection

“#Gensler says cryptocurrency investors need more protection” The chairman of the Securities and Exchange Commission said that investors need more protection in the cryptocurrency market, which he said is “rife with fraud, scams and abuse.” Gary Gensler, appointed by President Joe Biden to lead the body that regulates securities markets, listed several areas where crypto…

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#Lordstown Motors discloses Justice Department probe, SEC subpoenas

#Lordstown Motors discloses Justice Department probe, SEC subpoenas

“#Lordstown Motors discloses Justice Department probe, SEC subpoenas” Lordstown Motors, an Ohio company under scrutiny over the number of orders it claimed it had for the electric trucks that it wants to produce, acknowledged receiving two subpoenas from federal regulators and that prosecutors in New York have opened an investigation. The Securities and Exchange Commission…

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#SEC closes for Juneteenth, markets to remain open

#SEC closes for Juneteenth, markets to remain open

“#SEC closes for Juneteenth, markets to remain open” The Securities and Exchange Commission will remain closed Friday in observance of the new federal holiday Juneteenth, which commemorates the end of slavery in the US, the agency announced. That means publicly traded companies will not be able to submit filings to the SEC, barring them from…

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#How SEC boss should deal with ‘meme’ stock schemes

#How SEC boss should deal with ‘meme’ stock schemes

“#How SEC boss should deal with ‘meme’ stock schemes” Gary Gensler thought he had all the answers when he took the helm at the Securities and Exchange Commission this spring. Wall Street lawyers and bankers who deal with him tell me he was highly confident — almost arrogant — in explaining his agenda of regulating…

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#GameStop earnings overshadowed by SEC meme stock investigation

#GameStop earnings overshadowed by SEC meme stock investigation

“#GameStop earnings overshadowed by SEC meme stock investigation” GameStop reported better than expected earnings this week — but its stock close down on its disclosure that the Securities and Exchange Commission was investigating its trading practices. The video game retailer on Wednesday posted a 25 percent increase in sales for the first fiscal quarter on…

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#’ billion’ Robinhood app tries to vault SEC hurdles

#’$40 billion’ Robinhood app tries to vault SEC hurdles

“#’$40 billion’ Robinhood app tries to vault SEC hurdles” It’s a lot of money for a stock-trading app that’s supposedly free. Robinhood is slated to launch an initial public offering before summer’s end that could value the Silicon Valley-based company at $40 billion or more, people close to the underwriting group say. That would make…

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