The prediction market platforms, Kalshi and Polymarkets have exploded this year. In some cases, for bad reasons: Federal prosecutors are exploring whether prediction market bets trip insider trading laws.
The markets are not supposed to be taking predictions on
Would you invest in a company that beat the S&P 500 with 19% returns over the last five years? Sounds interesting, sure…
But what if the chart of performance looked like this:
That is a really straight line. Just one
It caught my by surprise that the Securities and Exchange Commission brought a case against a crypto-crap company this week. After the SEC published its “clarification” on the application of federal securities laws to crypto assets I thought we wouldn’t
The other half of the Securities and Exchange Commission budget request for 2027 is a report on its performance in fiscal year 2025.
How did the SEC perform in enforcement actions?
The SEC was off its game. The 85%
I wrote last week how the Securities and Exchange Commission had 18% of its staff depart in fiscal year 2025 thanks to the DOGE efforts to reduce the size of the federal workforce. For Fiscal Year 2027, the SEC is
This is press release that would not have been written by judge Margaret Ryan if she was still serving as the Director of Enforcement. She only lasted six months with the rapid down-sizing and lack of enforcement at the Securities
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network issued a proposed rule intended to “fundamentally reform” financial institutions’ anti-money laundering and countering the financing of terrorism programs under the Bank Secrecy Act. The three key changes according to
A trucking company is looking for capital. It needs trailers and trucks. You give the company money to buy the truck on your behalf and the trucking company leases it back to you. The truck company will arrange the purchase
You’re senior management of a public company. You just made a million dollar bonus for performance. You get paid $735,000 if the company is sold. You’ve got 150,000 shares of company stock that’ll be worth over $4 million. You’re in
In fiscal year 2025, the Securities and Exchange Commission had a departure of 18% of its employees. The SEC’s Division of Investment Management lost 24% of its staff during fiscal year 2025.
What is the effect of the departure? The
