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.
Category: Securities and Exchange Commission
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U.S. Is Said to Open Investigation Into Silicon Valley Bank Collapse
The New York Times – Business: -
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.
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Coinbase Reaches $100 Million Settlement With New York Regulators
The New York Times – Business:The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.
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Even After FTX, S.E.C. Chair Sees No Need for New Crypto Laws
The New York Times – Business:The Securities and Exchange Commission chair, Gary Gensler, said existing rules were adequate but warned crypto issuers and exchanges on compliance.
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The Week in Business: The FTX Founder’s Rapid Fall
The New York Times – Business:Elon Musk suspends several journalists’ Twitter accounts, then reinstates them. The Fed is continuing to raise interest rates. And inflation is affecting the mind-set of holiday shoppers.