Daily Archives: November 12, 2020, 10:00 am

Former Kodak executives given millions in stock for options they did not own | Financial Times

The company said internal “deficiencies” allowed five former officers and employees to exercise 300,000 options they had previously forfeited, according to a filing with the Securities and Exchange Commission. Kodak said it took a $5.1m expense in the third quarter related to the options. Errors in the accounts of other current and former employees could have resulted in additional “inappropriate…

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SEC Cashed in Big from Crypto ICOs in 2020 | Coinspeaker

The report noted that the record-breaking sum of money was realized by the Enforcement Division of the US Securities and Exchange Commission and they were proceeds from illegal income bordering on the activities of Wall Street firms, insider trading fines, ICOs amongst others. As highlighted, about $1.26 billion dollars was accrued from SEC nabbed unregistered ICOs. via SEC Cashed in…

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