To be clear, what is taking place at the SEC right now is not like those changes that typically occur with each new change in administration. Different president, different priorities. We get it. No, what’s taken place at the SEC in recent weeks is of an unprecedented scale that most capital market participants will find unsettling. From its inception in…
Two units of Robinhood Markets Inc. agreed to pay $26 million to settle Financial Industry Regulatory Authority allegations that it failed to respond to red flags about potential misconduct and didn’t verify the identities of thousands of customers. […] Among other allegations, the regulator said Robinhood failed to supervise social media influencers paid to tout the firm and some of…
Corporate securities filings this year are littered with glimpses into new businesses risks, from costs related to President Donald Trump’s immigration crackdown to threats to employees and property from wildfires. Companies are divulging the flurry of new threats to shareholders in 10-K annual reports that typically flood into the Securities and Exchange Commission at the beginning of each year. The…
U.S. dollar reserves provide liquidity and facilitate payments with the rest of the world. Bitcoin doesn’t. While Mr. Trump describes bitcoin as “digital gold,” many countries don’t recognize or accept it as legal tender. While gold has been used as a store of wealth for centuries, bitcoin has been around for all of 16 years. Its price is also highly…