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SEC – U.S. Securities and Exchange Commission – XtremeCuztoms

Tag: SEC – U.S. Securities and Exchange Commission

Shareholders Say JPMorgan Chase Has ‘Disturbing Trend’ of Political Bias

Investors who are fighting the politicization of America’s banks scored a rare win last week with a Securities and Exchange Commission (SEC) ruling that allowed a shareholder proposal in favor of political and religious diversity at JPMorgan Chase to go forward, despite the bank’s objections. On March 29, the SEC green-lighted a shareholder proposal that…


World Economic Forum ‘Risk Management’ Report Takes Aim at Energy and Food

The climate and social justice movement is seeking to rebrand itself from a progressive ideology to a prudent tool for risk management. This not only allows it to frame its bleak vision of the future as a safety measure; it also allows its corporate and Wall Street adherents to claim they are not pursuing a…


NTD Business (Jan. 13): Lawmaker Calls to Audit Federal Reserve; SEC Sues Crypto Firms Gemini and Genesis

The Securities and Exchange Commission sues two major crypto firms, accusing them of illegally selling securities. This comes after one of the firms froze customer withdrawals, putting $900 million at stake. Apple CEO Tim Cook is getting a big pay cut after shares fell more than 25 percent last year. A congressman is calling to…


SEC Chairman Warns Chinese Companies to Play by Rules or Face Delisting

The U.S. Public Company Accounting Oversight Board (PCAOB), the China Securities Regulatory Commission, and the Ministry of Finance have reached an agreement on the audit supervision of Chinese concept stocks, which Chinese media described as “great news for investors.” However, the SEC chairman warned that Chinese companies still face the risk of delisting if they…


SEC Charges 11 People in $300 Million Global Crypto Pyramid Fraud

The U.S. Securities and Exchange Commission (SEC) has charged 11 individuals for creating a crypto pyramid and Ponzi scheme that raked in over $300 million from millions of global investors, including those from the United States. In January 2020, Mikhail Sergeev, Sergey Maslakov, and “Jane Doe,” also known as Lola Ferrari, launched the website Forsage.io,…


Investors Sue Elon Musk and Twitter Over Pending Takeover

The CEO of Tesla and SpaceX, Elon Musk, was sued by Twitter investors for “unlawful conduct” claiming he manipulated the company’s stock price downward by sowing doubt about his bid to buy the social media company. Twitter, which is based in California’s Bay Area, was also named as a defendant in the suit, which argued that…


US, China Hold Irreconcilable Positions on China Concepts Stocks, Says Analyst Now Canceled in China

News Analysis Hong Hao, a prominent Chinese market analyst and former managing director for BOCOM International, recently crossed the Chinese Communist Party’s (CCP) red lines for speech by highlighting the irreconcilable differences between the United States and the CCP on China concepts stocks. Hong was banned on Chinese social media for his comments betting against…


Market Analyst Canceled Over Downbeat Forecasts About Chinese Stock Market

News Analysis Hong Hao, a prominent Chinese market analyst and former managing director for BOCOM International, may have been caught in Beijing’s censorship crosshairs for betting against China’s economy. He was removed from Chinese social media over critical remarks about the Chinese Communist Party’s (CCP) policies and warned against the full delisting of China concept…


SEC Increases Size of Crypto Division to Protect Investors Against Fraud

The U.S. Securities and Exchange Commission (SEC) announced that it has allocated 20 additional positions to the Crypto Assets and Cyber Unit to protect investors in the cryptocurrency markets against fraud and related abuse. As more investors access crypto markets, it becomes “increasingly important” to dedicate more resources to protect them, SEC chair Gary Gensler…


New ‘Climate Risk’ Rule Will Burden Businesses to Promote Unscientific Alarmism

Commentary It’s no surprise the Biden administration favors big government. But a new climate rule proposed by the U.S. Securities and Exchange Commission (SEC) takes Biden’s “whole of government” assault on our energy resources to a whole new level. Under a new SEC rule proposed last month (pdf), all public companies would be required to…