#SEC investigating Volkswagen’s April fools’ prank, report says

#SEC investigating Volkswagen’s April fools’ prank, report says

“#SEC investigating Volkswagen’s April fools’ prank, report says” US regulators are reportedly probing Volkswagen’s botched April Fools’ prank in which it announced the rebranding of its US operation as “Voltswagen” to signify the company’s push into electric vehicles. The company appeared to accidentally publish a press release on March 29 announcing the news three days…

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#New federal regulations could spur cryptocurrency crash

#New federal regulations could spur cryptocurrency crash

“#New federal regulations could spur cryptocurrency crash” Ask Wall Street’s C-suite types about cryptocurrencies, and they all admit they’re getting   into them one way or another. But keep asking questions, and they’ll tell you something else, too: the market is ripe for a crash. The crypto crash, according to top executives I’ve recently spoken with,…

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#Bernie Madoff’s secrets revealed by his prison pen pal

#Bernie Madoff’s secrets revealed by his prison pen pal

“#Bernie Madoff’s secrets revealed by his prison pen pal” For 12 years, business journalist Jim Campbell has interviewed members of Bernie Madoff’s family and exchanged letters with the fraudster himself in prison. His new book, “Madoff Talks,” comes out in two weeks. Here, Campbell reveals some of what he learned about the notorious case. “Jim,…

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#Senate Banking chair presses Wall Street banks on Archegos ties

#Senate Banking chair presses Wall Street banks on Archegos ties

“#Senate Banking chair presses Wall Street banks on Archegos ties” The Democratic chair of the Senate Banking Committee has written to several large banks, including Credit Suisse and Japan’s Nomura, asking them for information on their relationship with New York-based Archegos Capital Management after the fund imploded last month. Sen. Sherrod Brown (D-Ohio) asked the…

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#SEC opens inquiry into Wall Street’s blank check IPO frenzy

#SEC opens inquiry into Wall Street’s blank check IPO frenzy

“#SEC opens inquiry into Wall Street’s blank check IPO frenzy” The Securities and Exchange Commission has opened an inquiry into Wall Street’s blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, said four people with direct knowledge of the matter. The SEC in recent days sent letters to…

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