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. The move by the Securities and Exchange Commission (SEC) ends a two-year battle […]
Gorsuch Comes Out Swinging in Dodd-Frank Whistleblower Case…
Justice Neil Gorsuch used a challenge to federal whistleblower protections before the Supreme Court on Tuesday to take aim at a core legal tenet of which he has long been critical. The case at issue stems from Digital Realty Trust’s firing of Paul Somers in 2014. Somers challenged his firing under the Dodd-Frank Wall Street […]
Complaint Alleges SEC Watchdog Retaliated Against Whistleblowers…
Who blows the whistle on the whistleblowers? Nobody – if they can help it. In yet another example of big-government hypocrisy allegedly committed by an office meant to hold other government employees accountable, the Wall Street Journal is reporting that the watchdog for the Securities and Exchange Commission has himself become the subject of complaints […]
SEC Discloses Hackers Broke into Edgar Corporate Filing System LAST YEAR…
Now, the Securities and Exchange Commission (SEC), the top U.S. markets regulator, has disclosed that hackers managed to hack into its financial document filing system and may have illegally profited from the stolen information. On Wednesday, the SEC announced that its officials learnt last month that a previously detected…
U.S. Senator on Equifax Hack: ‘Somebody Needs to Go to Jail’…
Thirty-six U.S. senators on Tuesday called on federal authorities to investigate the sale of nearly $2 million in shares of credit bureau Equifax Inc (EFX.N) by company executives after a massive data breach, and one compared their actions to insider trading. The lawmakers signed a letter asking the U.S. Department of Justice…
Meet the Banksters Whistleblower: Lucifer’s Banker (VIDEO & TRANSCRIPT)…
Brad Birkenfield, author of Lucifer’s Banker: The Untold Story of How I Destroyed Swiss Bank Secrecy, recounts the efforts he uncovered by his employer to help its clients cheat the US government out of tens of $billions in taxes. But despite his working with the government closely to expose the gigantic conspiracy between US-based tax […]
SEC Weighs Curbing Investigators’ Powers to Probe Wall Street…
Wall Street Banks Are Trading in Their Own Company’s Stock: How Is This Legal?…
The week that Donald Trump shocked markets around the globe by getting himself elected President of the United States, Wall Street banks like Citigroup, JPMorgan Chase, Bank of America and others traded millions of shares of each other’s stocks – as well as trading millions of shares of their own publicly traded stock…
U.S. Appeals Court Rejects SEC’s Use of Administrative Law Judges…
A divided federal appeals court has ruled that the U.S. Securities and Exchange Commission’s in-house administrative judges are not constitutionally appointed, raising the prospect that the U.S. Supreme Court may need to address the issue…
Two New Jersey Traders Arrested For Manipulating $10 Billion Worth Of Stocks, Making $26 Million In Profit…
The SEC continued its crackdown against “market-manipulating masterminds” today, when it charged two New Jersey-based traders, 37-year-old Joseph Taub, of Clifton, and 21-year-old Elazar Shmalo of Passaic, with manipulating more than 2,000 NYSE and NASDAQ-traded stocks reaping more than $26 million…
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