Tag Archives: SEC

Your Daily Dose of Financial News

BY: Michael D. Reif | March 19, 2019

Warner Bros. studio division chief—part of AT&T’s recently acquired media empire—has “stepped down after accusations surfaced that he had pushed for a woman with whom he had a sexual relationship to be considered for roles in the company’s films and television shows” – NYTimes and WSJ and Bloomberg Fintech firm Fidelity National Information Services has … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 12, 2019

The SEC has announced a settlement with nearly 80 investment advisory firms in which they will pay back more than $125 million “to clients who were steered into higher-cost mutual funds without adequate disclosure” as part of a new agency initiative asking Wall Street to “self-report its own misconduct” – WSJ and Law360 On Monday, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 19, 2018

The Fed will wrap up its Open Markets Committee meeting today, and the recent dive on Wall Street has rather suddenly brought a bit of drama to what was a long-promised rate hike. Here’s a bit of background on what it’s been chewing over – WSJ and Bloomberg and NYTimes Digging in further to the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 4, 2018

We’re glad the steak dinner went well, but we’re also still anxiously awaiting actual details about what exactly is covered by the pause in the US/China trade war – NYTimes and Bloomberg The markets were less concerned about the finer points, it would seem – NYTimes and WSJ and Bloomberg DC Federal District Court Judge … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 28, 2018

Hard to imagine that any financial news could come close to making headlines on Thursday, and yet, the SEC and Elon Musk came close. Specifically, the SEC filed suit against Musk, accusing him of “making false public statements with the potential to hurt investors”—a reference to his early August tweets about taking Tesla private thanks … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 6, 2018

The FBI and OCC have each launched inquiries into pricing practices within American Express’s forex unit with an aim to determine “whether the foreign-exchange international payments department misrepresented pricing to clients in order to win their business” – WSJ and Bloomberg A breakdown of Facebook’s and Twitter’s day in DC, including a recap of Jack … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 31, 2018

Coke is buying British coffee-shop chain Costa for $5.1 billion, as the coffee wars just keep on chugging. Costa has 3800 stores in 32 countries and “a foothold in China,” making Coke an instant player in the field – Bloomberg and CNN and NYTimes and WSJ The EU announced on Thursday that it was willing … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 24, 2018

A lot of the furor over Elon Musk’s recent “going private” tweets has centered on whether he actually had the financial backing needed to pull it off.  The Times sets aside that initial inquiry to explore the why and how, exactly of such a move – NYTimes More on the demise of Toys R Us, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 16, 2018

Today’s Muskdate is all about the SEC issuing a subpoena to Tesla as it continues its investigation into Elon’s August 7 Twitter post about the “funding secured” detail of his plans to take the company private – NYTimes and WSJ and Bloomberg and MarketWatch US regulators and law enforcement are in the midst of “one … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 25, 2018

The SEC has an opened an investigation into whether companies are improperly rounding up their earnings per share reporting to the next highest cent—an inquiry reportedly prompted by a noticeable lack of “4s” in the tenths place of companies’ earnings reports – WSJ The Upshot delivers us this dispatch from the front lines (think LEDs, … Continue reading