Sparkster to Pay $35 Million to Harmed Investor Fund for Unregistered Crypto Asset Offering
The Securities and Exchange Commission today issued a cease-and-desist order against Sparkster Ltd. and its CEO, Sajjad Daya, for the unregistered offer and sale of crypto asset securities from April 2018 through July 2018 and charged crypto influencer…
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https://seclaw.blogspot.com/2022/09/sparkster-to-pay-35-million-to-harmed.html
SEC Charges Cheetah Mobile’s CEO and its Former President with Insider Trading
The Securities and Exchange Commission today charged the CEO of Cheetah Mobile Inc. and the company’s former President with insider trading for selling Cheetah Mobile’s securities, pursuant to a purported 10b5-1 trading plan, while in possession of…
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https://seclaw.blogspot.com/2022/09/sec-charges-cheetah-mobiles-ceo-and-its.html
Meet The Investor Willing To Put His Money Into Ponzi Schemes. His Fund Is Up 593%
Harris Kupperman’s Praetorian Capital seeks out hysteria in every corner of the market, from bitcoin to natural gas.
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Dow Falls 400 Points As Fed Readies Another Interest Rate Hike—Fueling Extreme Investor Bearishness
“The biggest and growing downside risk for the market is increasing recession risk as the Fed aggressively tightens into a slowing economy,” says one expert.
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Morgan Stanley Smith Barney to Pay $35 Million for Extensive Failures to Safeguard Personal Information of Millions of Customers
The Securities and Exchange Commission today announced charges against Morgan Stanley Smith Barney LLC (MSSB) stemming from the firm’s extensive failures, over a five-year period, to protect the personal identifying information, or PII, of approximately…
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https://seclaw.blogspot.com/2022/09/morgan-stanley-smith-barney-to-pay-35.html
SEC Charges Two Advisory Firms for Custody Rule Violations, One for Form ADV Violations, and Six for Both
The Securities and Exchange Commission today announced charges against a number of investment advisers that failed to comply with requirements relating to safekeeping client assets and/or to timely update their SEC disclosures to reflect the status of…
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https://seclaw.blogspot.com/2022/09/sec-charges-two-advisory-firms-for.html
SEC Charges VMware with Misleading Investors by Obscuring Financial Performance
The Securities and Exchange Commission today charged VMware Inc. for misleading investors about its order backlog management practices, which enabled the Palo Alto, California-based technology company to push revenue into future quarters by delaying…
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https://seclaw.blogspot.com/2022/09/sec-charges-vmware-with-misleading.html
SEC Charges Gol Intelligent Airlines, Brazil’s Second Largest Airline, with FCPA Violations
The Securities and Exchange Commission today charged Brazil’s second largest domestic airline, GOL Linhas Aéreas Inteligentes, for violating the Foreign Corrupt Practices Act (FCPA). The São Paulo-based company, also known as Gol Intelligent Airlines,…
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https://seclaw.blogspot.com/2022/09/sec-charges-gol-intelligent-airlines.html
SEC Charges Loop Capital Markets in First Action against Broker-Dealer for Violating Municipal Advisor Registration Rule
The Securities and Exchange Commission today charged Chicago-based Loop Capital Markets, LLC for providing advice to a municipal entity without registering as a municipal advisor. The action marks the first time the SEC has charged a broker-dealer for…
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https://seclaw.blogspot.com/2022/09/sec-charges-loop-capital-markets-in.html
TIPS vs. The Stock Market: Comparing Historic Returns In Times Of High Inflation
TIPS, or Treasury Inflation-Protected Securities, offer investors a way to invest in fixed-income securities without the risk of losing out to inflation. But are they a superior investment to stocks? Here’s how TIPS compare to stocks over the long term.
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