President Donald Trump’s Department of Government Efficiency initiative has pushed the U.S. markets watchdog to loosen Wall Street rules around blank-check companies and confidential reporting by private investment funds, according to two people familiar with the matter. DOGE officials at the SEC, who have so far focused on cutting costs, have in recent weeks sought meetings with staff to explore…
Prominent financial adviser Ric Edelman says investors should consider putting as much as 40% of their wealth into cryptocurrency, a bold recommendation that reflects how far digital assets have come in recent years. “Today I am saying 40%, that’s astonishing,” Edelman told CNBC’s Crypto World on Friday. “No one has ever said such a thing.” […] Edelman, founder of the…
Arlo Devlin-Brown, ex-chief of the public corruption unit at the Manhattan U.S. Attorney’s Office who was most recently a partner at Covington & Burling, said the SEC’s decision to nix its appeal showed the agency has no appetite to litigate the issue of what is or is not a security—once a major issue in crypto enforcement—as a new regulatory framework…
Asset managers made a “huge mistake” in claiming the investment industry could “save the world”, the departing chair of the UK’s Aberdeen Group said, over-egging their role in environment, social and government issues for marketing purposes. Sir Douglas Flint, a former HSBC chair, told a City of London conference this week that their “ridiculously extravagant claims” had opened up asset…