The closed-door meeting covered the state of the economy and inflation. President Joe Biden held a closed-door meeting on Thursday with the leaders of prominent American companies, tapping…
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SEC Chair Warns of AI Threat to Financial Systems
Investment advisors should not overly rely upon artificial intelligence for financial data interpretations. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently warned of the current risks artificial…
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Bipartisan Effort Made to Ban Stock Trading in Congress
The sensitive information federal legislators have access to creates a conflict of interest. Senators Kirsten Gillibrand of New York and Josh Hawley of Missouri have co-authored a bill…
Read MoreSuit Filed to Block ESG Investing Rule
25 state attorneys general filed to stop progressive governance over retirement plans. Utah and Texas led a court filing signed by 25 states, requesting that a federal judge…
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SEC Head Testifies Before House Financial Services Committee
Congressional chairman questions climate and cryptocurrency decisions. Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), testified before the House Financial Services Committee this week, his…
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Speaker McCarthy Addresses New York Stock Exchange
He discussed the debt ceiling and spending cuts. Speaker of the House of Representatives Kevin McCarthy outlined his plan to cut federal spending and arrange for an increase…
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U.S. District Judge Sentences Infinity Q Founder to 15 Years
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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Regulators Shut Down California Bank
Customers make massive withdrawals after big asset losses. The Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation shut down the Silicon Valley Bank…
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Russian Businessman on Trial for Trading Information
His access to hacked information led to insider stock trading. Arguments in a case of alleged insider trading took place in Boston’s federal court this past week. Russian…
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Senate Bill Could Ban Congressional Stock Trading
A similar bipartisan measure has been introduced in the House. Senator Josh Hawley of Missouri has introduced the Preventing Elected Leaders from Owning Securities and Investments Act which…
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