#Lordstown Motors stock sinks after SEC inquiry revealed

#Lordstown Motors stock sinks after SEC inquiry revealed

“#Lordstown Motors stock sinks after SEC inquiry revealed” Lordstown Motors’ stock price tumbled Thursday after the electric-vehicle startup told investors it’s facing scrutiny from the feds. Shares in the General Motors-backed company slid about 8.2 percent to $13.85 in premarket trading as of 8:58 a.m. after CEO Steve Burns said it received “requests for information”…

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#SEC probe of Dogecoin tweets would be ‘awesome’

#SEC probe of Dogecoin tweets would be ‘awesome’

“#SEC probe of Dogecoin tweets would be ‘awesome’” Elon Musk is ready for a rematch with the Securities and Exchange Commission. The billionaire Tesla chief appeared to welcome rumors that the agency was probing his Twitter posts about Dogecoin, his favorite meme-inspired cryptocurrency. “I hope they do! It would be awesome,” Musk tweeted Thursday, adding…

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#Ripple cryptocurrency crashes after MoneyGram ices deal

#Ripple cryptocurrency crashes after MoneyGram ices deal

“#Ripple cryptocurrency crashes after MoneyGram ices deal” Ripple Labs’ cryptocurrency tumbled Tuesday after MoneyGram said it paused its relationship with the tech firm while it battles the feds in court. The price of XRP — the digital coin at the center of a Securities and Exchange Commission lawsuit against Ripple — sank nearly 22 percent…

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#Letitia James, SEC sue to shut down ‘fraudulent’ Coinseed crypto platform

#Letitia James, SEC sue to shut down ‘fraudulent’ Coinseed crypto platform

“#Letitia James, SEC sue to shut down ‘fraudulent’ Coinseed crypto platform” New York Attorney General Letitia James filed suit Wednesday to shut down the cryptocurrency platform Coinseed for allegedly defrauding thousands of investors, including by charging hidden trading fees and selling “worthless” digital tokens. James said Coinseed traded cryptocurrencies such as bitcoin without registering as…

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#Feds reportedly probing traders behind GameStop frenzy

#Feds reportedly probing traders behind GameStop frenzy

“#Feds reportedly probing traders behind GameStop frenzy” Federal law enforcement authorities are investigating whether market manipulation or other financial criminal activity fueled the meteoric rise of stocks such as GameStop and AMC Entertainment last month, a report said Thursday. Investigators from the Justice Department’s fraud section and the US Attorney’s office in San Francisco have…

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#Clover Health shares dip as SEC probes short-seller allegations

#Clover Health shares dip as SEC probes short-seller allegations

“#Clover Health shares dip as SEC probes short-seller allegations” The Securities and Exchange Commission is following up on a critical report about Clover Health by short-selling specialist Hindenburg Research and has told the insurance company to preserve any relevant documents. Clover, backed by venture capitalist Chamath Palihapitiya, said Friday it would cooperate with the request from the…

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#Elizabeth Warren enters GameStop discourse with letter to SEC

#Elizabeth Warren enters GameStop discourse with letter to SEC

“#Elizabeth Warren enters GameStop discourse with letter to SEC” Sen. Elizabeth Warren on Friday asked the Securities and Exchange Commission to investigate the recent boost in GameStop stock price that was driven by calls for ordinary people to punish hedge funds. The Massachusetts Democrat raised the possibility that the stock rally, described as a populist…

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