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Triple Threat: Tupelo touts trio of SEC arm talent yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) On Jan. 28, the day after GameStop Corp. mania hit its crescendo on the back of a short squeeze for the record books, about $359 million worth of shares were caught in limbo.More than 1 million shares were deemed failed-to-deliver that day due either to buyers lacking cash to complete purchases or sellers not having the shares to settle trades, according to U.S. Securities and Exchange Commission data.The SEC report, which covers trading from Jan. 15 through the end of the month, is just one more indication of the dislocation in the market for the video game retailer’s shares.GameStop stock, for months among the most heavily shorted on the New York Stock Exchange, surged more than 1,700% from Jan. 1 through Jan. 27 as a legion of Reddit users piled on, forcing bearish traders to scramble for shares and brokers to take the highly unusual step of curbing trading.While the SEC’s list highlights the extent of the short squeeze, on Reddit’s WallStreetBets ....
(Bloomberg) President Joe Biden’s victory is already leading to consequences for Wall Street, as U.S. regulators are scrapping a Trump-era policy that critics contend helped insulate firms from tougher penalties.At issue are waivers that banks, hedge funds and other financial companies must obtain to protect themselves from knock-on sanctions that are automatically triggered when they settle enforcement cases with the Securities and Exchange Commission. In a major policy shift, the SEC said Thursday it would make it harder for firms to obtain such reprieves.The implications for financial firms could be significant, as they rely on the waivers to keep doing activities that are vital to their businesses, such as raising money in capital markets and issuing new securities and debt. But progressive lawmakers, including Democrat Senator Elizabeth Warren, have questioned why securing the passes has been akin to a rubber stamp for banks and asset managers that seem to get in trouble ....
The outlook for bitcoin would still be bright if banking veteran Gary Gensler is appointed the next chief of the U.S. Securities and Exchange Commission, argues bitcoin bull Mike Novogratz. ....
Auburn hires former Vanderbilt head coach Derek Mason as defensive coordinator yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.