Yesterday, after a seven day trial and just over 5 hours of deliberation, a jury in the U.S. District Court for the District of Massachusetts found investment adviser Jeffrey Cutter and his advisory firm, Cutter Financial Group, LLC, liable for violating Section 206(2) of the Investment Advisers Act of 1940, which prohibits “engag[ing] in any transaction, practice, or course of business…
The threat of deep cuts in federal funding from the Trump administration is reigniting a push to bring back New York’s tax on stock sales. The levy would be similar to a sales tax on goods and services, with stock buyers paying, on average, half a penny per dollar of stock, according to the proposed legislation by a group of…
Wall Street’s widespread use of electronic communication platforms such as WhatsApp, Signal, and iMessage prompted an SEC sweep of regulated firms’ recordkeeping and surveillance under the past administration, but the regulator is unlikely to abandon the crackdown even as other priorities shift. In one of his final moves as acting chairman of the Securities and Exchange Commission, Mark Uyeda last…
The flashy online announcement called it “the most EXCLUSIVE INVITATION in the World,” a chance to have “an intimate private dinner” with President Trump at his members-only golf club in Virginia, followed by a tour of the White House. A seat would be reserved for each of the top 220 investors in $TRUMP, a cryptocurrency that Mr. Trump launched on…
A few days after the attempted kidnapping, though, Castrovinci says his team received a tip from the F.B.I. that cast the case in a strange new light: a possible connection to an enormous cryptocurrency heist, one that happened just a week before the attack. A group of young men, some of whom connected on a Minecraft server, were suspected of…
When new SEC Chairman Paul Atkins showed up for his first day of work, he had a letter on his desk from half a dozen Democratic senators asking about whether the SEC would investigate “actions by President Trump, donors, and other potential insiders that may constitute market manipulation, insider trading, or other violations of federal securities laws in connection with…