Financial Regulation

Litecoin creator issues stern warning after the cryptocurrency doubles in a single day

• <b>Litecoin, a smaller cousin of bitcoin, has seen its value more than double in just one day.</b>• <b><br>Litecoin creator Charlie Lee tweeted a sobering warning to those not prepared to lose their entire investment.</b>• <b><br>Still, Litecoin fans on Reddit were preparing celebrations, some of which seem fairly …

Cryptocurrency

Food app calls off ICO after SEC declares its tokens are unregistered securities

December 11, 2017<p>A food-review app that was trying to raise $15m in an initial coin offering (ICO) has pulled the plug, after the US financial …

Bitcoin

News Highlights: Top Financial Services News of the Day

KKR Takes Over $4.1 Billion Blackstone-Managed BDC<p>KKR & Co. LP is replacing Blackstone Group LP as the manager of FS Investment Corp., a business development corporation.<p>HSBC to Be Released From U.S. Deferred Prosecution Pact<p>HSBC is to be released from a controversial agreement that let it avoid …

Carl Icahn

Reviewing the Current Circumstance for V.F. Corporation (VFC), VMware, Inc. (VMW) | Market Movers

At the session level, shares of <b>V.F. Corporation(NYSE:VFC)</b> moved 1.85% from the open. The most recent bid on the stock was registered at $73.35. …

Stocks

News Highlights: Top Company News of the Day

Apple Acquires Shazam and Its Song-Recognition App<p>Apple has acquired Shazam Entertainment, giving it one of the popular song-recognition apps at a time the iPhone maker is looking to boost its music-subscription service.<p>Icahn to Launch New Board Fight With Xerox<p>Activist investor Carl Icahn plans to …

Mario Batali

Former Amazon analyst gets 6 months for insider trading

SEATTLE – A former Amazon financial at Amazon has been sentenced to six months in prison and a $2,500 fine after admitting he tipped off a college friend to details about the company's upcoming first-quarter earnings report in spring 2015.<p>Brett D. Kennedy was sentenced Friday after pleading guilty …

Markets

Bayport International Holdings, Inc. Explores Integrating Cryptocurrency Payments Into Its E-Commerce Platform For Weedwiser

Dallas, TX, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Bayport International Holdings, Inc. (OTC Pink: BAYP), (“Bayport” or the “Company”), a holding company active within the cannabis technology industry, that is developing an integrated platform of Cannabis Industry Technologies, announces it is currently …

Cannabis Industry

Traders Want to Know What Exchanges Earn From Market Data

Banks, asset managers ask SEC to regulate exchanges’ market-data feeds<p>WASHINGTON—Some of Wall Street’s biggest banks, asset managers and high-speed trading firms have united in a battle over a shared adversary: stock exchanges and the profit they earn from selling market data.<p>A group of 24 …

Finance

Intellinetics, Inc. (INLX: OTCQB) | Intellinetics Completes Convertible Debt Financing  and Retires Senior Debt at a Discount

Source: imported from this press release.<p><b>Dec 06, 2017</b><p>OTC Disclosure & News Service<p>–<p>COLUMBUS, OH, Dec. 06, 2017 (GLOBE NEWSWIRE) — Intellinetics, Inc. …

Odonate Therapeutics Announces Pricing of Initial Public Offering

SAN DIEGO--(BUSINESS WIRE)--Odonate Therapeutics, Inc. (the Company or Odonate), a pharmaceutical company dedicated to the development of …

CFPB chief freezes data collection; SEC takes first ICO action

<b>Receiving Wide Coverage ...</b><b><br>Frozen</b>: Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, said he has frozen the agency's …

Bitcoin

Marijuana real estate company files for $100 million raise

A San Diego-based real estate company that caters to medical cannabis cultivators has filed paperwork with the Securities and Exchange Commission …

Cannabis Industry

A brand-new cybersecurity watchdog just shut down a $15 million cryptocurrency scam

A brand new unit of the Securities and Exchange Commission has shutdown an initial coin offering scam. This is the first case filed by the new cyber …

Cybersecurity

The SEC's New Cyber Unit Just Filed Its First Charges Over an ICO Scam

A new division of the Securities and Exchange Commission dedicated to so-called “initial coin offerings” (ICOs) filed its first charges on Friday, …

Tech Industry

PR Distribution

<b>Bio-Based Resins Market</b> report delivers information about <b>vendors, geographical regions, annual growth rate, market share, revenue</b> and the actual …

Redwood City

SEC Gives Advice On ICOs But Leaves Questions Unanswered

As initial coin offerings have raised $3.5 billion this year, they’ve been getting the attention of regulators.<p>Earlier in November, the Securities and Exchange Commission chairman Jay Clayton said that he hadn’t seen one that didn’t look like a security.<p>It seemed to be a shift in tone from the …

Bitcoin

Nasdaq withdraws controversial data product

• <b>Nasdaq, the US exchange operator, files to withdraw a controversial data product, according to a filing with the Securities and Exchange Commission.</b>• <b><br>Nasdaq Pathfinders helps clients monitor the buying and selling behavior of market participants.</b><p>Nasdaq appears to be taking a step back in its foray …

Business

SEC warns over low investment in stocks

Investment in stocks through provident funds (PVDs) makes up 10-15% of the total asset class, generating low returns and causing fund members to have …

Finance

San Miguel to contest P769.3 million fine in court

MANILA - San Miguel Corp said Friday it would contest a P769.3-million fine from the Securities and Exchange Commission, as it maintained that it was …

Philippines

AT&T, Time Warner extend merger deadline

AT&T and Time Warner are extending the termination date of their merger to April 22, 2018, according to an Securities and Exchange Commission filing, …

Time Warner

Senior EU official pushes China to live up to Xi Jinping’s promise to open up country’s markets

A senior European Union official has called on China to deliver on President Xi Jinping’s promises to allow greater access to Chinese markets.<p>Valdis …

China

News Highlights: Top Global Markets News of the Day

Russia, Saudi Arabia Clash Ahead of OPEC Meeting<p>Russia and Saudi Arabia are trying to hammer out differences over petroleum output ahead of OPEC's meeting, highlighting the fragility of an energy alliance between the world's two largest crude-oil producers.<p>Hopes for OPEC Action Boost Banks' …

Economy

AT&T extends the deadline for its Time Warner merger to April

When AT&T announced that it was going to buy Time Warner for $85.4 billion back in 2016, the deal was expected to close by the end of 2017. Now, it's clear that won't happen, and as a result, AT&T has extended the deadline for the merger to April 22nd, according to a document filed with the …

Time Warner

Court orders liquidation of Uniwide

A regional trial court has issued an order to liquidate the assets of the Uniwide group, declaring as insolvent the former high-flying retailer which …

Philippines

Cannabics Pharmaceuticals Received a New Research License for Characterization of Anti-Tumor Activity of Cannabinoids

TEL-AVIV, Israel, Nov. 28, 2017 /PRNewswire/ -- Cannabics Pharmaceuticals Inc. (CNBX) announced today that it has received a new research license from the Israeli Ministry of Health for the Characterization of anti-tumor activity of cannabinoids.<p>The new license will enable the company to continue …

Cannabis Industry

China is walking the path of more economic regulation: pro

China's financial regulation moves are adaptable, but in line with global trends, says Mitch Presnick, director and limited partner at Marco Polo …

Economy

Cybersecurity: Considerations for Directors and Officers

Photo: Yoshikazu Tsuno AFP/Getty Images<p>Cyber risks are a constantly evolving phenomenon that directors and officers have to grapple with. The recent …

Cybersecurity

Rep. Waters on Cordray, Tax Bill and Financial Regulation

November 16th, 2017, 6:35 PM UTC<p>Rep. Maxine Waters, a California Democrat, discusses Richard Cordray stepping down from the Consumer Financial …

Business

Authers’ Note: Why Red States See Red

Welcome to Authers’ Note, in which I will attempt to provide some context and analysis on the world of investment each day, and provide you with a …

Economics

Stocks Solidly in the Red as 'Fear Gauge' Rises to 11-Week High, Oil Prices Fall

Stocks on Wall Street were lower on Wednesday, Nov. 15, as investors remained uncertain over the future of tax reform, and oil prices fell …

Business