Yes, The SEC Has Noticed The Swarm Of SPACs Crawling All Over Wall Street
Jay Clayton’s got some questions.
SEC
Jay Clayton Really Making Up For Three Years Of Procrastination
Gut shareholder democracy? Check. Put a crimp in whistleblowing? Check.
Maybe Don’t Make Crypto Investment Decisions Based On Celebrity Endorsements
Just a thought, unless you’d like your actual money to buy someone else a Ferrari.
Oh, Is Disclosing The Source Of Half Our Revenue On A Page Called ‘How We Make Money’ A Big Deal?
Because Robinhood’s gotta plead ignorance (and probably a $10 million-plus settlement) on this one.
Bonus Watch: Analytical Whistleblowers
Turns out that fraud you think you see may be more valuable to you than to your clients.
SEC Expresses Concern About Lack Of Transparency, Acts To Ensure it
It was a rule-shredding Wednesday on Zoom.
People Have Opinions On SEC Hedge Fund Secrecy Plan
Well, one opinion, really, stated hundreds and hundreds of times.
Compliance Department Only Part Of Interactive Brokers To Not Enjoy Dramatic Growth
Somehow the dour lawyers got left out of the party. Shocking, we know.
Hertz Selling More New Shares Than It Is Renting Cars
And the lucky buyers thereof are only down about 15% on them—so far.
![By Mariuszjbie (Own work) [GFDL or CC BY-SA 4.0-3.0-2.5-2.0-1.0], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTI3NjUxNTY3NTgw/kodakfilm.jpg)
Everything Is The Same At Kodak As Before Except The SEC Probe And Stock Price
And those two things aren’t correlated as you might expect.
The SEC Would Also Like To Know Why, How Kodak Shares Are Up 600%
What did CEO Jim Continenza know, when did he know it and what did he do with that knowledge?
![By Federalreserve [Public domain], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTk4NTE3OTM3NjUz/volcker.jpg)
America’s Regulatory Ranks Have No Room For Black People, But Plenty For Judy Shelton
Who says this country suffers from systemic racism?
UBS Posts Small Q2 Loss, Gets Head Start On Q3 Losses With SEC Fine
The Swiss don’t believe in procrastinating.
The Radical Truth Is Bridgewater’s Not Responsible For Its 20.6% Loss
Some people have understood and connected the dots and lay the blame at the Fed’s door.
SEC To End Breathless Coverage Of Six-Week-Old Hedge Fund Stock Holding Reports
With a little luck, hedge funds, your next 13Fs might be your last.
Who Could Have Guessed That A Secret Messaging App’s Cryptocurrency Might Be A Bad Idea?
Not the people who invested $1.7 billion in it, that’s for sure.
Jay Clayton Not At All Happy With Asset Class He’s Eager To Open To More Marks, Er, Investors
Private equity guys, you’re on notice from a guy with one foot out the door. Or not.
![Uh, where is everybody? where did they go? this is a long caption. really long. does it wrap? By Kevin Hutchinson (Flickr) [CC BY 2.0], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTE1MDM0MTgzNjQ0/nyse.jpg)
Best Buds Jay Clayton, Bill Barr Join Forces To Make Exchanges Rue The Day They Tried To Stop Jay Clayton From Rejecting Premium Data Fee Hike
How about no premium data fees at all, you monopolistic bastards?
![Quit hiding behind the bench. By Phil Roeder (Flickr: Supreme Court of the United States) [CC BY 2.0], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTk0NzU5NTc5MTI1/supremecourt.jpg)
Supreme Court: Disgorgement Still A Thing, But Not As Much Of A Thing As SEC Would Like
The real winner here is John Roberts, who made everyone happy. Except Clarence Thomas.
Jay Clayton’s Homecoming Plans Hit A Snag
A prestigious job he’s not qualified for may not be in the cards, but hey: At least it’s incompetence and not corruption.
Stock Exchanges Don’t Have To Do Thing They Very Much Don’t Want To At Their Own Expense
If the SEC wants to know how rebates impact stock trading, they’ll have to figure it out themselves.
![By SteeleatHaymanCapitalManagementLP (Own work) [CC BY-SA 4.0], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTI3NjUyMDkxODY4/kylebass.jpg)
Did Kyle Bass Go A Little Too Far In Trashing Fraudulent REIT?
I mean, the SEC is grateful for his help, but did he have to use the words “Ponzi scheme”?
Bonus Watch ’20: BNY Mellon Whistleblower Gets His $5 Million—Plus $45 Million
Not bad for two year’s work, but it did take a long time to hit the old bank account.