Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
Seven Points Capital, LLC Fined by FINRA
An AWC was issued in which the firm was censured and fined $20,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it permitted proprietary traders to engage in equity trading when these associated persons were not properly qualified and did not maintain the appropriate registrations with FINRA.
TOPPAN MERRILL, 12 August 2019
On August 12, 2019, InMode Ltd., an Israeli company (the “Company”) closed its previously announced initial public offering (the “IPO”) in which the Company offered 5,000,000 ordinary shares. The aggregate gross proceeds, before deducting underwriting discounts and commissions and other offering expenses, to InMode from the offering were approximately $70.0 million. In connection with the sale of the ordinary shares on August 12, 2019, on August 7, 2019, the Company entered into an underwriting agreement (the “Underwriting Agreement”) by and among the Company, Barclays Capital Inc. and UBS Securities LLC, acting as representative of the several underwriters named on Schedule I thereto (the “Underwriters”), pursuant to which the Company agreed to issue and sell the ordinary shares to the Underwriters. A copy of the executed Underwriting Agreement is attached hereto as Exhibit 1.1 and is incorporated herein by reference.
On August 12, 2019, the Company issued a press release announcing the closing of the IPO. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
On July 29, 2019, the Company filed the form Amended and Restated Articles of Association. On August 7, 2019, they became effective. A copy of the Amended and Restated Articles of Association is attached hereto as Exhibit 3.1 and is incorporated by reference.
Burford Capital adamant last week’s share price plunge was down to ‘illegal market manipulation’
Tom Howard, 12 August 2019
On 6 August alone, Burford reckons almost £90mln of sell orders were placed and cancelled, artificially driving down the value of its shares. Burford Capital Limited (LON:BUR) is adamant that last week’s share price plunge owed more to “illegal market manipulation” than any flaws in its business.
Last week, shares in the litigation funder plunged by more than a third after notorious US short-seller Muddy Waters accused it of “Enron-esque mark-to-model accounting” and “egregiously misrepresenting” its returns. Continue reading “Article: Burford Capital adamant last week’s share price plunge was down to ‘illegal market manipulation’”
7 August 2019
Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all investors that purchased Abiomed, Inc. (NASDAQ: AMBD) securities between January 31, 2019 and July 31, 2019 (the “Class Period”). Investors have until October 7, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
China accuses US of ‘deliberately destroying’ world order
Dominic Rushe , Lily Kuo, 06 August 2019
China stepped up the trade war rhetoric on Tuesday, accusing the US of “deliberately destroying international order” with “unilateralism and protectionism”.
A day after Washington branded China a currency manipulator in a rapidly escalating trade dispute, China’s central bank said it “deeply regretted” the move by the US and said such behaviour “seriously undermined international rules” and damaged the global economy. Continue reading “Article: China accuses US of ‘deliberately destroying’ world order”
Peter Navarro: Goldman Sachs is the ‘commander-in-chief’ of offshoring
Nick Giampia, 06 August 2019
White House trade adviser Peter Navarro on Monday slammed Goldman Sachs, after they claimed President Trump’s China tariffs last year raised the prices of goods and hurt American businesses.
“Goldman Sachs, they are the commander-in-chief on Wall Street of offshoring,” Navarro told FOX Business’ Lou Dobbs on “Lou Dobbs Tonight.”
Last Sunday, Navarro spoke with Fox News host Christopher Wallace about the U.S.-China trade dispute.
Wallace pulled up a chart from Goldman Sachs, which showed President Trump’s tariffs raised the price of goods more than the rate of inflation. In addition, the anchor also talked about a report the bank released in May that said the cost of Trump’s tariffs last year have fallen “entirely” on American businesses and households.
“China is bearing the entire burden of these tariffs through currency manipulation and through slashing prices and if you look at inflation rates from 2018 to 2019 they’re down, including on our imports,” Navarro told Dobbs.
The Treasury Department declared China as a currency manipulator, after the Chinese let the yuan fall below 7 to the U.S. dollar.
Navarro continued to push back against Goldman, questioning whether the tariffs really had the effect the chart was suggesting.
RM LAW Announces Class Action Lawsuit Against 3M Company
5 August 2019
RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased 3M Company (“3M” or the “Company”) (NYSE: MMM) common stock between February 9, 2017 and May 28, 2019, inclusive (the “Class Period”).
Antonio Olivero, 03 August 2019
FRISCO — This weekend, a trio of Breckenridge locals will join a group of three dozen Colorado residents cycling across Massachusetts to raise millions for cancer research.
Thirty-six Colorado riders — including Kaitlynn, Lisa and Meghan Sockett, of Breckenridge — will join more than 6,700 riders Saturday and Sunday to pedal the 192 miles of the 40th annual Pan-Mass Challenge with an overall goal of raising $60 million for cancer research and patient care at the Dana-Farber Cancer Institute in Boston. Continue reading “Article: Breckenridge family to cycle across Massachusetts this weekend in Pan-Mass Challenge cancer fundraiser”
World’s Most Successful Athletic Fundraiser Pan-Mass Challenge Celebrates Milestone 40th Ride
PRNewswire, 03 August 2019
Today, the Pan-Mass Challenge (PMC) embarked on its 40th ride, with more than 6,700 cyclists from 43 states and 12 countries committing to pedal various distances across Massachusetts throughout the weekend. These cyclists are coming together with the common goal of raising an unprecedented $60 million – $4 million more than last year’s gift – for cancer research and patient care at Dana-Farber Cancer Institute (Dana-Farber). If achieved, Overstock.com CEO and PMC rider, Patrick Byrne, has pledged an additional $1 million donation to the cause, bringing the organization’s 40-year contribution to more than $715 million. The PMC, which raises more money for charity than any other single athletic event, donates 100 percent of every rider-raised dollar directly to Dana-Farber as its largest single contributor, accounting for more than 54 percent of the annual revenue of its Jimmy Fund. Continue reading “Article: World’s Most Successful Athletic Fundraiser Pan-Mass Challenge Celebrates Milestone 40th Ride”
Dinosaur Financial Group, L.L.C Fined by FINRA
An AWC was issued in which the firm was censured, fined $200,000 and required to review and revise its systems and procedures (written and otherwise) regarding the supervision of its Trade Reporting and Compliance Engine (TRACE®) and Municipal Securities Rulemaking Board (MSRB) trade reporting to ensure that its systems and procedures are reasonably designed to achieve compliance with all securities laws, regulations and FINRA rules. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to report, timely report and/or correctly report TRACE-eligible securities transactions.
Dawson James Securities, Inc. Fined by FINRA
A Letter of Acceptance, Waiver and Consent (AWC) was issued in which the firm was censured and fined $20,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that its registered representatives called telephone numbers that appeared on the national do-not-call list. The findings stated that the firm required its representatives to use a network that blocked calls to telephone numbers that appeared on the national do-not-call list and the firm’s do-not-call list.
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
