Lindsay Lohan and Jake Paul are just two names who have encountered legal trouble for pushing crypto on their social media accounts.
Category: Securities and Exchange Commission
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Wells Fargo’s Carrie Tolstedt Pleads Guilty and Faces Prison
The New York Times – Business:Carrie L. Tolstedt, who ran the bank’s retail branches, faces up to 16 months in prison for obstructing a bank examination.
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U.S. Is Said to Open Investigation Into Silicon Valley Bank Collapse
The New York Times – Business:Legal experts said a possible focus of the investigation could be insider sales by several bank executives in the weeks before the bank’s failure.
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Chinese Tech Giants Promise Their Own ChatGPT-Style Chatbots
The New York Times – Business:A wave of Chinese tech companies are announcing their own A.I.-powered chatbots — but face hurdles imposed by their own government.
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Government Cracks Down on Crypto Industry With Flurry of Actions
The New York Times – Business:State and federal agencies have levied fines, brought new cases and issued policy statements to rein in freewheeling practices in recent weeks.
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Crypto Lender Nexo Is Fined $45 Million
The New York Times – Business:It’s the latest cryptocurrency company to draw scrutiny from regulators, who are seeking to rein in the industry after the collapse of FTX.
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SEC Fines Steve Easterbrook, McDonald’s Ex-CEO
The New York Times – Business:The Securities and Exchange Commission fined Steve Easterbrook for lack of disclosure about the circumstances behind his firing in 2019.
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S.E.C. Inquiry Into Former Senator’s Stock Sales Is Closed Without Charges
The New York Times – Business:The Securities and Exchange Commission ended its investigation into former Senator Richard Burr, three years after he sold more than $1.6 million in stocks following Covid-19 briefings.