• SEC boss Jay Clayton to take a deeper look at the blank-check company boom

    SEC boss Jay Clayton to take a deeper look at the blank-check company boom

    Wall Street’s top regulator wants to take a closer look at blank-check companies on his way out the door. Securities and Exchange Commission Chairman Jay Clayton said Thursday that his agency is
  • Airbnb files for IPO, reveals widening losses and falling revenue

    Airbnb files for IPO, reveals widening losses and falling revenue

    Airbnb filed for its long-awaited initial public offering revealing widening losses and falling revenue as the pandemic has kneecapped the travel industry. In a so-called S-1 securities filing on
  • SEC Chairman Jay Clayton plans to step down at the end of 2020

    SEC Chairman Jay Clayton plans to step down at the end of 2020

    Wall Street’s sheriff is hanging up his spurs. Securities and Exchange Commission Chairman Jay Clayton announced Monday morning that he will be stepping down at the end of 2020, ending a
  • Former Wells Fargo CEO and senior exec hit with new SEC charges

    Former Wells Fargo CEO and senior exec hit with new SEC charges

    The feds slapped ex-Wells Fargo chief John Stumpf and the bank’s former community banking head Carrie Tolstedt with fresh civil charges and fines over their roles in the fraud scandal that
  • Nikola discloses subpoenas from DOJ, SEC and New York DA

    Nikola discloses subpoenas from DOJ, SEC and New York DA

    Electric truck maker Nikola revealed late Monday that it was hit with a grand jury subpoena from the Justice Department in September amid accusations that the company has lied about its
  • T.I. settles federal claim he pushed bogus cryptocurrency

    T.I. settles federal claim he pushed bogus cryptocurrency

    ATLANTA — Rapper and actor T.I. has settled civil charges with the U.S. Securities and Exchange Commission that he helped promote a fraudulent cryptocurrency. T.I., whose real name is Clifford Harris, agreed to a civil settlement with the SEC that was announced Friday. He is paying a $75,000 fine and agreeing not to sell or …
  • David Beckham’s Guild Esports plans London IPO

    David Beckham’s Guild Esports plans London IPO

    Soccer superstar David Beckham’s video-gaming company is planning an initial public offering as it looks to capitalize on growing interest in esports around the world. Guild Esports will become the first esports franchise to list its shares on the London Stock Exchange this fall as it builds a team of elite gamers to compete in …
  • Mobile gaming firm Skillz to go public through merger with blank-check company

    Mobile gaming firm Skillz to go public through merger with blank-check company

    Mobile gaming firm Skillz will float its shares on the New York Stock Exchange through a merger with Flying Eagle Acquisition, a blank-check company founded by Hollywood executives Harry Sloan and Jeff Sagansky. The transaction will value Skillz at around $3.6 billion, according to Skillz. Wellington Management, Fidelity Investments, Franklin Templeton Investments and Neuberger Berman …
  • Hedge fund stake sends shares in Kodak up 65 percent

    Hedge fund stake sends shares in Kodak up 65 percent

    The wild ride that is Kodak’s stock market performance appears far from over. The company’s stock shot up by 65 percent on Tuesday after news broke that New York-based hedge fund D.E. Shaw had built up a 5.2 percent stake in the moribund camera technology firm. Word of D.E. Shaw’s stake, disclosed in a regulatory …
  • Robinhood facing SEC probe over March outage

    Robinhood facing SEC probe over March outage

    Robinhood Markets, the fintech startup credited with helping popularize trading among millennials, is being investigated by the Securities and Exchange Commission and the Financial Regulatory Authority over its handling of a system outage in March, Bloomberg News reported on Monday. One area of focus for the investigation is Robinhood’s lack of customer response, the report …