Monthly Archives: August 2022
SEC Awards More Than $16 Million to Two Whistleblowers
(HedgeCo.Net) The Securities and Exchange Commission has awarded $16 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action. The first whistleblower prompted the opening of the investigation and provided information on difficult-to-detect violations. […]
Critical inflation report today could show price increases have eased
(CNBC) Inflation may finally be cooling, thanks to falling gasoline prices and fading supply chain issues. Economists expect July’s consumer price index rose 0.2%, down from 1.3% in June, according to Dow Jones. Year-over-year, the pace of consumer inflation in […]
Elon Musk sells 7.92 million Tesla shares worth $6.88 billion
(CNBC) Tesla CEO Elon Musk sold 7.92 million shares of Tesla worth around $6.88 billion, according to a series of financial filings published Tuesday night. His transactions occurred between Aug. 5 and 9, the SEC filings revealed, following Tesla’s 2022 […]
U.S. probes firm linked with Russian oligarch Abramovich over hedge fund investments
(Reuters) U.S. federal authorities are investigating investment advisory firm Concord Management, which oversaw hedge fund investments worth billions of dollars for Russian billionaire Roman Abramovich, the New York Times reported on Tuesday. The investigation, being conducted by the Securities and […]
Coinbase shares drop on billion-dollar loss in second quarter and revenue miss
(CNBC) Coinbase shares dropped in extended trading on Tuesday after the crypto exchange reported a loss of over $1 billion in the second quarter and missed analysts’ estimates for revenue. Earnings: Loss of $4.98 per share, vs. loss of $2.65 […]
How Wall Street wooed Sen. Kyrsten Sinema and preserved its multibillion-dollar carried interest tax break
(CNBC) Long before Sen. Kyrsten Sinema, D-Ariz., held up a massive spending bill that promised to create jobs, invest in clean energy and tax the rich — delivering on some of President Joe Biden’s and the Democratic Party’s top campaign […]
Sam Bankman-Fried’s crypto firms had deep ties to Voyager Digital and its bankruptcy wipeout
(CNBC) Sam Bankman-Fried became a crypto billionaire and one of the most famous players in the industry by building cryptocurrency exchange FTX into a top site used by traders and investors. His company was valued at $32 billion in January […]
Crown Bridge Agrees To Pay $9-Million to Settle SEC Charges
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against a convertible note dealer, Crown Bridge Partners, LLC, and its managing members, Soheil and Sepas Ahdoot of Great Neck, N.Y., for failing to register with the SEC as securities dealers. […]
Carried interest provision is cut from Inflation Reduction Act.
(CNBC) Senate Democrats passed a historic package of climate, healthcare and tax provisions on Sunday. But one proposed tweak to the tax code — a modification of so-called carried interest rules — didn’t survive due to objections from Sen. Kyrsten […]
Assets at Brevan Howard’s crypto hedge fund top $1bn
(Hedgeweek) Brevan Howard Asset Management’s BH Digital division has raised over $1 billion in assets for investment in cryptocurrencies and digital assets, according to a report by The Times Hub. To read this article:
Stock futures rise slightly as Wall Street awaits more earnings, inflation data
(CNBC) U.S. stock futures rose slightly on Monday night after Wall Street weighed the outlook for chip stocks, and looked ahead to more earnings results and inflation data that will determine the pace of future interest rate hikes. Dow Jones […]
Bed Bath & Beyond closes nearly 40% higher, AMC surges as meme chatter on message boards increases
(CNBC)Bed Bath & Beyond and AMC Entertainment surged Monday as meme traders seemed to be betting on the stock despite the lack of any apparent catalyst for the move. Shares of both heavily shorted stocks closed up nearly 40% and […]
