Imprisonment is the result of securities fraud. U.S. District Judge Denise Cote sentenced James Velissaris, the founder of Infinity Q Management, to 15 years of prison for misleading…
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President Vetoes Bill on ESG Investing
The legislation would have reversed the Labor Department rule. “I just vetoed my first bill,” President Biden announced Monday. The Labor Department had previously issued a rule allowing…
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Regulators Tell TikTok Owner to Sell or Be Banned
The company says it wants to resolve the issue. The Committee on Foreign Investment in the United States (CFIUS), a regulatory arm of the federal government that oversees…
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Half the States Sue to Stop ESG Rule
The rule involves state 401(k) investment funds. The attorney general of Utah is leading a coalition of 25 states in a suit that seeks to stop a rule…
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U.S. Endorses South Africa Energy Transition Plan
The investment plan receives continued support at COP27. At the 27th Conference of the Parties (COP27) of the United Nations Framework Convention on Climate Change, Climate Envoy John…
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Administration Expands Made In America Requirements
Federal procurements need to be 60 percent domestic. President Biden’s administration announced it will increase requirements for federally-procured goods to be sourced domestically, a step officials say will…
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Average 401(k) Down $34,000 This Year
Americans have experienced more than $2 trillion in losses. New economic research has found that the average person’s 401(k) has lost some $34,000 in value since the beginning…
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President Issues Order Blocking Chinese Tech Investments
Access to private citizen data is also blocked. On Thursday, President Joe Biden signed an executive order directing the panel screening foreign investment to look at deals in…
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Treasury Requests Public Feedback for Trade Transparency
Working to build market resiliency for the country and globe. The Department of the Treasury published a request for information (RFI) last week to ask for public feedback…
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Some Legislators May Have Violated STOCK Act
Anti-corruption law looks to prevent conflicts of interest. A recent investigation reveals that 14 legislators from both the House and Senate may be in violation of the Stop Trading on…
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