Search Results for: stock options

Earlier this month, a digital currency based on the Netflix series “Squid Game” soared in value before collapsing dramatically as its promoters quickly pulled out their funds in what is known as a “rug pull.” The website promoting the cryptocurrency was only three weeks old and was littered with grammatical errors, tell-tale signs that it [...]

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The Securities and Exchange Commission (SEC) on Monday released a report stating that new stock-trading apps that operate like games may lead investors to trade more than they would have if the trading was in a traditional format. As such, the SEC stated that the apps require further examination. The SEC primarily reviewed activity related [...]

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Even though the US State Department is issuing positive statements about the Taliban, it is hard for the US to recognize the Taliban as Afghanistan’s lawful government. The reasons are evident and understandable. First, the Taliban have defeated the US military in a protracted war stretching over twenty years (2001-2021). The hurt in the Pentagon, [...]

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The Financial Industry Regulatory Authority (FINRA) on Wednesday levied $57 million in fines against Robinhood Financial LLC. It also ordered $12.6 million in restitution for thousands of “harmed customers” for the trading platform’s “systemic supervisory failures.” Collectively, these sanctions represent the largest that FINRA has ordered on a member firm to date. FINRA asserts that [...]

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The parents of a deceased amateur investor sued the financial trading app Robinhood Monday for the wrongful death of their son, Alex Kearns, who committed suicide last June mistakenly believing that he had lost $730,000 in a trade on the app. According to the lawsuit, Kearns’ last written words were, “How was a 20-year-old with [...]

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The US Securities and Exchange Commission (SEC) announced charges Monday against a former Amazon.com, Inc. finance manager along with two of her family members, alleging a multi-year insider trading scheme “in advance of Amazon earnings announcements between January 2016 and July 2018.” The SEC’s complaint, filed in the district court in Seattle, asserts that Laksha [...]

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Giants run the airline industry. Today, four airlines, American, United, Delta, and Southwest, control over 65 percent of the market. They achieved this level of dominance in just the past twenty years, with merger after merger cutting the number of major airlines left today into less than half the number that existed in 2000. The [...]

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Despite its comeback, the recent suspension of the Mitron Application, hailed as a Swadeshi alternative for TikTok, has brought to light the inadequacy of data protection laws in the country. This short video platform had garnered over 5 million downloads on the Google Play Store. Prior to the app’s removal, there were media reports of [...]

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US President Donald Trump on Monday, June 22, suspended new applications for a number of foreign worker visas until the end of 2020 with the “Proclamation Suspending Entry of Aliens Who Present a Risk to the US Labor Market Following the Coronavirus Outbreak.” This includes the H-1B limited-term work visa sought by tens of thousands of [...]

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