According to a Bloomberg report, SEBI acted against a pair of foreign portfolio investment firms. The first allegedly engaged in shorting shares of Gautam Adani’s companies after it became aware of the publication of a short-seller report from Hindenburg Research, based in the US. When this report came to light in January 2023, it decreased…
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According to an Austrian Broadcasting Corporation (ORF) radio report, Benko allegedly deceived a local bank about the financial standing of Signa in renewing a €25m loan. Reuters reported that the property tycoon’s lawyer, Norbert Wess, confirmed this investigation and said that Benko was notified “some time ago”, but maintains that the accusations are “unfounded”. The…
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Bitcoin was not the only cryptocurrency experiencing a decline. Ethereum also missed the mark, sliding below the $1,650 level. The global crypto market cap suffered a 0.89% blow, bringing its total value to approximately $1.08tn. Surprisingly positive results from the Job Openings and Labor Turnover Survey (JOLTS) strengthened 10-year bond yields, which are experiencing the…
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UBS share trading stopped temporarily on 27th September after falling by nearly 8%. This occurred in the wake of a Bloomberg news report about a current US Department of Justice probe into the possibility that the financial institution failed to comply with sanctions and, in doing so, helped Russian clients side-step the sanctions. In light…
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This included sharing the personal correspondence of Caroline Ellison, former chief executive officer (CEO) of the Alameda Research hedge fund, with the New York Times. Ellison, who was romantically involved with the self-proclaimed cryptocurrency king, admitted to fraud and is a key witness in the case against Bankman-Fried. The Manhattan U.S. Attorney and lawyers for…
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On 21 August in Bangkok, Southeast Asia’s second-largest economic hub, Thailand’s Digital Minister, Chaiwut Thanakamanusorn, stated: We are asking the court to close Facebook, not allowing it to provide services in Thailand if they let these fake pages scam people. They can’t do business like this. This reaction followed claims that over 200,000 people in…
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The questionable news snippet surfaced via EQS, a German-based outfit that reports on financial news. It alleged that Ripplewood, an established New York-based investment company, wanted to source ChatGPT technology to plot market trends and drive investment decisions. An extract from this news release read: “Through the use of artificial intelligence, investors should benefit from…
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In April of the previous year, the US regulator filed a lawsuit against Kay, and her companies AK Equity Group and Xapphire. The CFTC accused them of unlawfully enticing approximately 67 investors to contribute at least $15.7 million to partake in a commodity pool, ostensibly for forex trading. The US watchdog added that the defendants…
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The Commission found that that with her actions, McDowell acted as a CTA but she was not registered as required by the Commodity Exchange Act (CEA). Additionally, McDowell also made material misrepresentations about her services and omitted significant facts about her use of client funds and the profits purportedly earned by her clients. The regulator…
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As per the regulator's statement, Steynberg, the CEO of Mirror Trading International Proprietary Limited (MTI) allegedly used Bitcoin (BTC) payment to lure investors into the commodity pool, as per the regulator's statement. Despite this, MTI, which was founded and headed by Steynberg, has failed to register itself as a commodity pool operator (CPO) and comply…
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