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Tesla Bitcoin purchase could launch SEC investigation, former Branch Chief says TESLARATI

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

Roche Diagnostics and Humana settle $12.5 million Medicare fraud lawsuit INDIANAPOLIS STAR

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 » A Bigger Risk Than GameStop? Beware the Ponzi Scheme Next Door NEW YORK TIMES

McKinsey reaches $573 million settlement with US states over role in opioid crisis REUTERS McKinsey & Co, the consulting firm, has agreed to pay $573 million to resolve investigations by most U.S. states over its alleged role in “turbocharging” sales of opioids, fueling a nationwide epidemic. read more »

GameStop frenzy prompts Yellen to call meeting with SEC, Fed POLITICO Treasury Secretary Janet Yellen will meet with key financial regulatory agencies to scrutinize recent price surges in GameStop stock and other companies, the latest move by policymakers to respond to market maneuvers tied to a group of investors on Reddit. read more » How Rich Hospitals Profit From Patients in Car Crashes NY TIMES

Anyone Can Manipulate the Market. Here’s How to Fix That NY TIMES

The Silicon Valley Start-Up That Caused Wall Street Chaos NY TIMES

SEC issues warning as GameStop short-selling war resumes REUTERS The U.S. Securities and Exchange Commission waded into the battle between small investors and Wall Street hedge funds on Friday, warning both brokerages and the pack of social media traders that it was closely monitoring potential wrongdoing.

Millions earmarked for public health emergencies were used to pay for unrelated projects, inspector general says WASHINGTON POST Federal officials repeatedly raided a fund earmarked for biomedical research in the years leading up to the covid-19 pandemic, spending millions of dollars on unrelated salaries, administrative expenses and even the cost of removing office furniture, according to the findings of an investigation into a whistleblower complaint shared with The Washington Post.

Wall Street Insider Turned Tough Market Cop: Biden's Pick to Head SEC NPR

Former Insys exec John Kapoor gets 5 1/2 years for opioid scheme CNBC John Kapoor, 76, the former chairman of Insys Therapeutics, was sentenced to five and a half years in prison in Boston’s federal court. A jury found him guilty of racketeering conspiracy last May and prosecutors said his actions helped fuel the opioid crisis.

Attorney General Becerra Announces $40 Million Nationwide Settlement with Apria Healthcare STATE OF CALIFORNIA DEPARTMENT OF JUSTICE

Allison Herren Lee Named Acting Chair of the SEC SEC The Securities and Exchange Commission announced today that President Joseph R. Biden, Jr. has designated Allison Herren Lee as Acting Chair of the agency.

Georgetown University academic Chris Brummer in lead for CFTC chair REUTERS Georgetown University academic Chris Brummer has emerged as the leading candidate to chair the Commodity Futures Trading Commission (CFTC), according to three people with knowledge of the discussions. The White House is expected to make an announcement on that and other financial regulator roles soon, one of the people said. read more »

Space Force delays deal to ‘further evaluate’ contractor found to have acted fraudulently WASHINGTON POST

Gary Gensler, Biden's pick to head SEC, has reputation as tough regulator NBC In nominating Gary Gensler to serve as chairman for the Securities and Exchange Commission, President-elect Joe Biden is likely to please progressives, who have been agitating for more bank oversight after four years of deregulatory policy under President Donald Trump’s SEC pick, Jay Clayton, who stepped down in December.

Justice Department Recovers Over $2.2 Billion from False Claims Act Cases in Fiscal Year 2020 DOJ

Boeing to pay $25M to settle fraud case at drone unit Insitu that sparked whistleblower complaint SEATTLE TIMES Boeing’s drone subsidiary, Insitu, will pay $25 million to settle a federal lawsuit accusing it of fraudulently overcharging the government on no-bid military contracts by billing for new parts but using recycled ones.