Blog

SEC Charges Unregistered Investment Adviser with Defrauding Investors in Decade-Long Scheme SEC

SEC Awards Approximately $1.5 Million to Whistleblower SEC

SEC Charges AT&T and Three Executives with Selectively Providing Information to Wall Street Analysts SEC

SEC Issues Over $5 Million to Joint Whistleblowers Located Abroad SEC

SAP Public Services, Inc. to Pay $2.2 Million to Settle False Claims Act Allegations DOJ

SEC Awards Over $500,000 to Two Whistleblowers SEC

Bots hyped up GameStop on major social media platforms, analysis finds REUTERS

SEC Issues Whistleblower Awards Totaling Over $1.7 Million SEC

GameStop CFO to step down after Reddit driven stock rally REUTERS GameStop Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of headline-grabbing big betting in its stock. read more » Robinhood frustration: Widow struggles to close husband's account WCPO

SEC Awards More Than $9.2 Million to Whistleblower for Successful Related Actions, Including Agreement With DOJ SEC

Federal Contractor Agrees to Pay More Than $6 Million to Settle Overbilling Allegations DOJ

Explaining GameStop hearing terms: Payment for order flow AXIOS Payment for order flow, or PFOF, sits at or near the top of the list of people's complaints about market structure. read more » Explaining GameStop hearing terms: Short-selling AXIOS The reason that GameStop stock rose so sharply last month was, paradoxically, because so many people had bet that it was going down. read more »

GameStop bull 'Roaring Kitty,' MassMutual hit with securities lawsuit REUTERS The social media persona “Roaring Kitty” at the center of last month’s frenzied rally in shares of GameStop Corp violated securities laws and caused “huge losses” for investors, according to a class action lawsuit filed in federal court in Massachusetts. read more » Lawmakers facing off with GameStop saga’s key players AP NEWS

SEC Data Show $359 Million of GameStop Shares Failed to Deliver YAHOO FINANCE On Jan. 28, the day after GameStop Corp. mania hit its crescendo on the back of a short squeeze for the record books, about $359 million worth of shares were caught in limbo. read more » Big Tech faces additional pressure from private antitrust lawsuits NEW YORK TIMES

Robinhood CEO admits communications shortcomings, ahead of House testimony REUTERS Robinhood, the trading app popular with young investors, could have better explained why it restricted the buying of heavily shorted stocks caught up in the social media-fueled trading frenzy around GameStop Corp, said the company’s chief executive officer. read more » How billions in pandemic aid was swindled by con artists and crime syndicates NBC NEWS

Drug companies seek billion-dollar tax deductions from opioid settlement WASHINGTON POST

Tesla Bitcoin purchase could launch SEC investigation, former Branch Chief says TESLARATI Tesla’s $1.5 billion purchase of the cryptocurrency Bitcoin could be subjected to an investigation, according to Doug Davidson, a former Branch Chief of the Securities and Exchange Commission’s Divison of Enforcement. The SEC could look into the exact date of Tesla’s BTC purchase, as well as if CEO Elon Musk’s tweets gave its investment an appreciation in value. read more »

This California bill could help more tech whistleblowers speak out FAST COMPANY

Are share-trading apps a safe way to play the markets? THE GUARDIAN

Clover Health shares dip as SEC looks into short-seller allegations REUTERS U.S. regulators are following up on a critical report about Clover Health Investments Corp by short-selling specialist Hindenburg Research and have told the insurance company to preserve any relevant documents. read more »