Industry Keyword: FINRA
Media & Content Platforms
How a China-based dealmaker got shell company for Trump’s deal off the ground
A China-based financier, once reprimanded by US regulators and barred from taking his company public, played a bigger role than is publicly known in the shell company that agreed to merge with former President...
Social Networks
US financial regulators investigate Trump social media deal
Wall Street's top financial regulators are investigating former US President Donald Trump's $1.25 billion deal to float his new social media venture on the stock market, a filing showed.
Digital World Acquisition Corp, the blank-check...
Internet of Things (IoT)
For bank regulators, platform giants are now ‘too big to fail’
More than a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they're not banks.
This time...
FinTech Platforms
The regulatory and legal headwinds facing Robinhood
Robinhood Markets, the online brokerage at the centre of this year's retail trading frenzy, has disclosed previously unreported regulatory risks in its long-awaited initial public offering filing.
Amid an increasingly hostile climate in Democrat-led Washington,...
FinTech Platforms
Robinhood fined $70 million for harming ‘millions’ via misleading info, outages
Wall Street's industry regulator fined Robinhood Financial LLC $70 million for "systemic" failures, including systems outages, providing "false or misleading" information, and weak options trading controls, saying those factors combined harmed millions of the...