SEC Says Not To Take Investment Advice From Celebrities dealbreaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealbreaker.com Daily Mail and Mail on Sunday newspapers.
May 25, 2021 at 12:27 PM
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One of the core functions of the U.S. Securities and Exchange Commission is investor protection. The SEC protects investors in many ways, but among the most interesting are its efforts to protect investors from their greatest threat: themselves.
From time to time, the SEC’s Office of Investor Education and Advocacy releases Investor Alerts, which warn people about prevalent investment frauds and scams to hopefully prevent readers from becoming victims. The Office of Investor Education and Advocacy also periodically publishes Investor Bulletins, which are not so much focused on a particular fraud or scam as they are on general topical issues that should be of use broadly to investors making investment decisions.
A Toast To 40: Opening Remarks At The SEC Small Business Forum, Martha Miller, Advocate For Small Business Capital Formation, May 24, 2021 Date
24/05/2021
Good afternoon, everyone. Whether this is your first Small Business Forum or fortieth, I want to thank you for joining us today and over the course of the week. Planning any 40th event whether a birthday, anniversary, or work milestone engenders an element of nostalgia. If this were a birthday party, we might have a slideshow of childhood pictures and play top hits from the year of birth. In planning for this year’s 40th Small Business Forum, our team couldn’t help but think about the original Forum in 1982 and the events that precipitated it. So please humor me today as I paint the picture of then and now, photos and all. The good news for you: unlike a birthday party toast, this one will not trail on and on, leaving you wondering which cousin will take the mic from the loquacious uncle.
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Amid Elon Musk s Dogecoin Endorsement, SEC Warns On Investing In Anything On The Word Of Someone Famous
Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk’s
Dogecoin (DOGE) endorsements, the U.S. Securities and Exchange Commission has cautioned investors not to make investment decisions just because an investment has been recommended by “someone famous.”
What Happened: The SEC’s Office of Investor Education and Advocacy took to Twitter to warn investors against making decisions just based on celebrity endorsements.
A Twitter user immediately responded by asking whether he should buy Dogecoin because Musk has recommended the meme cryptocurrency as a good investment.
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Tomorrow, Treasury Secretary Janet Yellen will lead a meeting of the Financial Stability
Oversight Council (FSOC). The preliminary agenda for the open
session includes climate change and its potential impacts on
financial stability.
Appearing before Congress last week, Secretary Yellen stressed
the importance of FSOC and its unique role in coordinating
responses to issues like climate change. She specifically noted
that climate change is a top priority of the Biden
[a]dministration and FSOC can play a role in arranging
discussions among financial regulators all of whom have