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Sec Probe

All articles tagged with #sec probe

finance2 years ago•1 min saved

"B. Riley and Nomura Under SEC Probe for Financial Dealings"

Investment bank B. Riley is reportedly under SEC investigation for its dealings with Brian Kahn, who is allegedly involved in a DOJ criminal case, while Nomura, a major Japanese financial group, is entangled in the probe due to its involvement in a lending syndicate for B. Riley. B. Riley has recently made significant investments in the bitcoin mining space, and Kahn, CEO of Franchise Group Inc., has been a longstanding client of the bank. The SEC probe is in its early stages, and Nomura, which backs several crypto-related entities, is not the primary focus of the investigation.

via CoinDesk|

#b-riley #bitcoin-mining #finance

business2 years ago•2 min saved

Elon Musk Ordered to Testify in SEC Probe of Twitter Takeover

A federal judge in California has issued a tentative ruling stating that Elon Musk must testify again in the Securities and Exchange Commission (SEC) probe of his $44 billion acquisition of Twitter. The judge rejected arguments from Musk's attorney that the SEC lacked authority to issue subpoenas, emphasizing the regulator's broad investigative authority. If Musk and the SEC fail to reach an agreement, the judge will issue an order compelling his testimony early next year. The SEC sued Musk in October after he refused to attend an interview during the investigation. Regulators are examining whether Musk complied with the law when disclosing his purchases of Twitter's stock and whether his statements about the acquisition were misleading.

via Fox Business|

#business #elon-musk #sec-probe

finance2 years ago•4 min saved

Bankers and Senators Call for Probe into Abusive Short Selling Practices.

The American Bankers' Association has called for a probe into short sellers profiting off the bank crisis, while Senator Elizabeth Warren has requested more information from First Republic Bank executives regarding executive pay and lobbying efforts to weaken regulations. Meanwhile, regional bank stocks rebounded on Friday after Thursday's losses, and the SEC has issued statements on current market events and vowed to investigate and bring enforcement actions if violations of federal securities law are found.

via Investor's Business Daily|

#american-bankers-association #bank-stocks #finance