Daily Archives: April 10, 2024, 11:43 am

How Binance exec made daring escape from Nigerian custody after prayer service – DL News

Even as Nigerian courts were poised to extend their detention for another two weeks, Anjarwalla, a British lawyer educated at Oxford and Stanford, was making other plans. On Friday, he persuaded state security guards to let him attend prayers in a mosque adjacent to the guest house where has been detained. Anjarwalla is an observant Muslim who has been fasting…

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Is the Sam Bankman-Fried Story Over?

“I did not think it a fruitful use of time to spell out every time I thought Mr. Bankman-Fried testified willfully and knowingly falsely at trial. There are more than the ones I’ve articulated, but that suffices,” the judge said. “And when he wasn’t outright lying, he was often evasive, hairsplitting, dodging questions and trying to get the prosecutor to…

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Shadow Trading Verdict Is Red Flag for Private, Public Companies

Most private companies don’t have policies addressing insider trading since purchases and sales of company stock is more cumbersome than trading on the open market (and, in many instances, restricted until a public offering or liquidation event). However, an individual need not be an employee of a public company to engage in shadow trading since the concept applies to trading…

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Morgan Stanley Banker Pawan Passi Joins Firm That Got His Block Trading Leaks – Bloomberg

Pawan Passi was hired by Frank Fu’s CaaS Capital Management, according to people familiar with the matter. CaaS made its name partnering with banks as they sought buyers for block trades, becoming one of the biggest US funds dedicated to buying big chunks of stocks. A yearslong investigation into block trading that reverberated across the industry culminated in January after…

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SEC Charges Canadian Attorney for Selling Billions of Shares of Stock on Behalf of Others in Violation of Broker Registration Requirements

On April 8, 2024, the Securities and Exchange Commission charged Canadian attorney Mark Borden with selling billions of penny stock shares on behalf of others without registering with the Commission as a broker, thereby violating the securities laws. Borden has agreed to settle the case by, among other things, paying over $335,000 in disgorgement of ill-gotten gains, prejudgment interest, and…

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