Wednesday, March 12

Tag: sec

Donald Trump Poses a Unique Threat To Truth Social, Says Truth Social
15Apr By adminNo Comments
Technology

Donald Trump Poses a Unique Threat To Truth Social, Says Truth Social

Trump Media & Technology Group, the Truth Social parent company majority-owned by former president Donald Trump, filed a document with the Securities and Exchange Commission this morning that helpfully details all of the ways Trump himself poses a threat to the company and its shareholders. While the company generated just over $4 million in revenue in 2023, Trump Media’s valuation has fluctuated wildly since going public in March, at one point reaching more than $7 billion. As of this morning, the company was valued at $3.7 billion. Trump Media has become a meme stock, where the stock price is governed more by vibes than traditional financial performance.The SEC document filed by Trump Media this morning, which announced the public stock offering of 21.5 million shares, also detailed...
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Elon Musk’s New Monkey Death Claims Spur Fresh Demands for an SEC Investigation
13Dec By adminNo Comments
Technology

Elon Musk’s New Monkey Death Claims Spur Fresh Demands for an SEC Investigation

In October 2018, a UC Davis veterinarian approved Animal 13 for use in a Neuralink experiment. She was six years old when she received her Neuralink implants. According to her pre-project physical exam and echocardiogram, Davis staff did not observe any medical abnormalities prior to her surgery, only noting that she had superficial scratches on her lips and minor lip trauma as part of a “suspect pair fight.”Beginning in November 2018, Animal 13 was regularly sedated with ketamine and hooked up to scientific instruments for “neuro recordings.” After one of these sessions the following month, Davis staff observed that the skin near the implants felt warm to the touch, the records show.Over the next three months, her implants became infected. She was euthanized in March 2019. Her autopsy no...
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The Supreme Court Considers the Right to Trial by Jury
27Nov By adminNo Comments
World

The Supreme Court Considers the Right to Trial by Jury

The Supreme Court on Wednesday will hear the first of two landmark cases this term challenging the runaway administrative state. At stake in SEC v. Jarkesy is a bedrock constitutional principle that colonists fought to defend in the American revolution: the right to a trial by jury.Congress in recent decades has expanded the enforcement powers of administrative agencies. The 2010 Dodd-Frank Act granted the Securities and Exchange Commission unbridled power to seek penalties administratively against any individual for violating securities laws. Democrats wanted to make it easier for the agency to punish misconduct. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Gary Gensler and the SEC Lose Again
2Nov By adminNo Comments
Health

Gary Gensler and the SEC Lose Again

Is Gary Gensler ever going to win a case? On Tuesday the Fifth Circuit Court of Appeals handed the Securities and Exchange Commission Chairman another legal defeat by scuttling the agency’s stock-buyback rule (U.S. Chamber of Commerce v. SEC.)The SEC in May finalized a rule requiring public companies to disclose their daily share repurchases and the reason for buying back their stock. Mr. Gensler claimed companies might buy back their stock to boost executive compensation, which is sometimes tied to accounting metrics such as earnings per share. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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What is Gary Gensler Hiding?
14Oct By adminNo Comments
World

What is Gary Gensler Hiding?

The Securities and Exchange Commission duns companies for internal blunders and disclosure lapses that don’t harm investors. Yet now Chairman Gary Gensler is refusing to come clean about the agency’s own internal data breach and possible staff misconduct.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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