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SEC Probes B. Riley Deals With Client Tied to Failed Hedge Fund

(Bloomberg) -- US authorities are investigating B. Riley Financial Inc.’s deals with a key client who was linked to a securities fraud, and the use of his assets to help the investment bank obtain a loan from Nomura Holdings Inc., according to people familiar with the matter.Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHedge Funds Rake in Huge Profits Betting on Catastrophe RiskGloom Over China Assets Is Spreading Beyond Battered StocksTrump Reti...
New York United States New Jersey Bloomberg Businessweek Jillr Shah Los Angeles
Source: yahoo.com

Binance heads to court, seeking dismissal of SEC fraud lawsuit

The world's largest crypto exchange will urge a federal judge to toss a lawsuit the SEC filed against it in June. The regulator accused Binance, its CEO and founder Changpeng Zhao and Binance.US's operator of artificially inflating its trading volumes, diverting customer funds, failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls. Binance was also accused of facilitating trading of several crypto tokens the SEC deemed se...
United States New York Gary Gensler Jody Godoy Changpeng Zhao Chris Prentice
Source: yahoo.com

SEC, Gensler face bipartisan backlash over X account hack

Securities and Exchange Commission (SEC) Chair Gary Gensler is facing bipartisan political backlash after the agency’s social media account was hacked last week and falsely claimed it had approved several highly anticipated bitcoin investment funds. While the SEC ultimately approved the exchange-traded funds (ETFs) holding bitcoin about 24 hours later, the high-profile blunder for the…
District Of Columbia United States Ron Hammond Thom Tillis Vancer Ohio Gary Gensler
Source: yahoo.com

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