Crypto News Stocks 

Inside A Sketchy Company That Arbitrarily Added ‘Blockchain’ To Its Name

“That might sound somewhat like the type of newly minted blockchain company that has gained SEC attention” writes unknown author for cnbc.com. Riot Blockchain’s stock shot from $8 a share to more than $40, as investors wanted to cash in on the craze of all things crypto.Despite Riot Blockchain’s latest quarterly report showing a company in the red, its annual meeting was twice set to take place at the swanky Boca Raton Resort and Club in Florida. Source: cnbc.com Share This:

Read More
Crypto News Stocks 

Three tiny stocks with same CEO suspended by SEC for questionable cryptocurrency announcements

“NVC Fund” is a private equity fund that invests in “Blockchain Technology, Fintech Cryptocurrency” and other various industries, according to the press releases” writes Andrew Harrer for cnbc.com. His statements in three separate releases about the private equity investment are also worded exactly the same, with a grammatical error.Blackstone, a leading private equity firm, had $434 billion in assets under management at the end of last year.He also said NVC Fund has $10 trillion in assets under management, which would be more than the whole private equity industry.The companies announced…

Read More
News 

Shareholder sues GE for hiding liabilities, SEC probe

“GE stopped writing long-term care insurance contracts in 2006, but has said it provides reinsurance on about 300,000 policies” reports nypost.com. General Electric was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and a Securities and Exchange Commission probe, costing shareholders tens of billions of dollars.On Jan. 16, GE said it would take a $6.2 billion pretax charge and set aside $15 billion in reserves to help cover insurance operations held by its GE Capital unit, mainly concerning long-term care insurance policies.Long-term care…

Read More
News Stocks 

SEC Blocks Chinese Takeover of Chicago Stock Exchange…

“(Reuters) – U.S. regulators on Thursday killed the politically sensitive sale of the Chicago Stock Exchange (CHX) to a group led by China-based investors, saying a lack of information on the would-be buyers threatened the ability to properly monitor the exchange after the deal” writes Min Read for reuters.com. CHX competes against the New York Stock Exchange and its three affiliated exchanges, all owned by Intercontinental Exchange Inc, and Nasdaq Inc and Cboe Global Markets Inc, both of which own four U.S. stock exchanges.Trump brought the CHX deal up twice…

Read More
News 

SEC worries that Mississippi bill could put guns in stadiums

“In 2017, Arkansas state legislators ditched a plan to allow guns in stadiums amid opposition from the SEC and Sun Belt” writes Feb Est for sbnation.com. Letting guns into SEC sporting events is a bad idea.Anyone familiar with any concept of both major college athletics and guns should know it’s a bad idea.These games are crawling with law enforcement who can handle firearms better than the vast majority of the civilian population. Source: sbnation.com Share This:

Read More
News 

Commissioner Greg Sankey says SEC might not play in Mississippi if state…

“SEC commissioner Greg Sankey told leadership at Mississippi State and Ole Miss that teams in the conference might not play in the state if it passes a proposed gun law” reports sportingnews.com. Sankey said SEC schools may “decline opportunities” to play at their schools should House Bill 1083 be passed into law. The bill was passed in the Mississippi House by an 80-29 vote, but will need to be passed in the Senate for it to become law.Sankey cited receiving concerns from the SEC’s other member institutions when a similar gun law was…

Read More
Crypto Markets News 

SEC Considering Virtual Currency Legislation

“Committee members, however, did not appear to stake out a clear position on whether to pass virtual currency legislation” writes Min Read for reuters.com. Federal legislation could help rationalize this patchwork and clarify which agency has the authority to police the underlying virtual currency cash market, the regulators said.The comments by SEC Chairman Jay Clayton before the Senate Banking Committee are the strongest indication yet that federal authorities are mulling new laws to scrutinize virtual currency trading and investing.Giancarlo and Clayton warned, however, that while they had limited authority to…

Read More
News 

Will the SEC take on the shareholder proposal process?

“Allow us to make a suggestion: It ought consider how to fix a badly broken shareholder proposal process” writes Ike Brannon for washingtonexaminer.com. To the extent that the current shareholder proposal process acts as a deterrent to IPO activity — and few dispute that it certainly does — it needs to be fixed as soon as possible. Source: washingtonexaminer.com Share This:

Read More
Crypto Markets News 

U.S. regulators may ask Congress for virtual currency legislation

“Committee members, however, did not appear to stake out a clear position on whether to pass virtual currency legislation” writes Min Read for reuters.com. Federal legislation could help rationalize this patchwork and clarify which agency has the authority to police the underlying virtual currency cash market, the regulators said.The comments by SEC Chairman Jay Clayton before the Senate Banking Committee are the strongest indication yet that federal authorities are mulling new laws to scrutinize virtual currency trading and investing.Giancarlo and Clayton warned, however, that while they had limited authority to…

Read More