Mia – Page 68 – Financial Treason & Crime

Jeff Benjamin, 12 February 2021

Purpose Investments announced Friday morning that it has been cleared by Canadian securities regulators to launch Purpose Bitcoin ETF (BTCC), which is the first Bitcoin ETF in North America to gain regulatory approval, according to Bloomberg.

The new ETF is scheduled to start trading on the Toronto Stock Exchange next week and will be available to U.S. investors through brokerages that have access to the Canadian exchange.

There are a handful of other active filings awaiting regulatory approval in Canada, as well ETF filings before the Securities and Exchange Commission in the U.S. from VanEck and Bitwise Asset Management. Continue reading “Article: Canadian Bitcoin ETF turns up heat on U.S. fund managers, regulators”

02/12/202103/13/2021

Article: CIBC, Bank of America, UBS and TD Bank stand accused of coordinating “abusive” naked short selling and spoofing strategies

Article - Media, Publications

CIBC, Bank of America, UBS and TD Bank stand accused of coordinating “abusive” naked short selling and spoofing strategies

onlymadethistoupvote, 12 February 2021

International brokers sued over naked short selling allegations CIBC, Bank of America, UBS and TD Bank stand accused of coordinating “abusive” naked short selling and spoofing strategies in US and Canadian stock markets by a Bermuda hedge fund that claims to have lost tens of millions of dollars as a result.

Harrington Global Opportunity Fund has filed a suit at the US District Court for the Southern District of New York alleging that various US and Canadian financial institutions, through their broker divisions, manipulated markets and drove down pharmaceutical company ADVANZ PHARMA’s (formerly Concordia) share price in 2016. Continue reading “Article: CIBC, Bank of America, UBS and TD Bank stand accused of coordinating “abusive” naked short selling and spoofing strategies”

02/12/202104/05/2021

Article: Form 424B5 Antelope Enterprise Holdings Ltd

Article - Media, Publications

Form 424B5 Antelope Enterprise Holdings Ltd

Toppan Merrill, 12 February 2021

We are offering 588,236 common shares at a price of $3.57 per share (the “Shares”) to selected institutional investors pursuant to this prospectus supplement and the accompanying prospectus and a securities purchase agreement with such investors. In a concurrent private placement, we are selling to such investors warrants to purchase 588,236 common shares (the “Warrants”). The Warrants and the common shares issuable upon the exercise of the Warrants are being offered pursuant to the exemption provided in Section 4(a)(2) under the Securities Act and Rule 506(b) promulgated thereunder, and they are not being offered pursuant to this prospectus supplement and the accompanying prospectus.

As of February 11, 2021, the aggregate market value of our outstanding common shares held by non-affiliates was approximately $8.69 million, based on 3,108,020 outstanding common shares, of which outstanding shares 2,269,037 were held by non-affiliates, and a per share price of $3.83 based on the closing price of our common shares on February 11, 2021.

Read Full Article

02/12/202104/05/2021

Article: Form 6-K Antelope Enterprise Holdings Ltd

Article - Media, Publications

Form 6-K Antelope Enterprise Holdings Ltd

Toppan Merrill, 12 February 2021

On February 12, 2021, Antelope Enterprise Holdings Ltd. (f/k/a China Ceramics Co., Ltd.) (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain institutional investors (the “Investors”) for the sale by the Company of 588,236 common shares (the “Common Shares”), at a purchase price of $3.57 per share. The Common Shares were offered by the Company pursuant to its shelf registration statement on Form F-3 (File No. 333-228182), which was declared effective by the Securities and Exchange Commission on November 19, 2019. Continue reading “Article: Form 6-K Antelope Enterprise Holdings Ltd”

02/12/202104/05/2021

Article: Antelope Enterprise Holdings Ltd. Announces Pricing Of Registered Direct Public Offering

Article - Media, Publications

Antelope Enterprise Holdings Ltd. Announces Pricing Of Registered Direct Public Offering

PRNewswire, 12 February 2021

JINJIANG, China, Feb. 12, 2021 /PRNewswire/ — Antelope Enterprise Holdings Ltd. (f/k/a China Ceramics Co., Ltd.) (NASDAQ Capital Market: AEHL) (the “Company”), a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings, today announced that it has entered into a definitive agreement with three institutional investors for a registered direct offering of securities with gross proceeds of approximately $2.1 million, before payment of commissions and expenses. The closing of the offering is expected to take place on or about February 17, 2021, subject to the satisfaction of customary closing conditions. Continue reading “Article: Antelope Enterprise Holdings Ltd. Announces Pricing Of Registered Direct Public Offering”

02/11/202103/24/2021

Article: Federal agencies launch probe into possible manipulation after GameStop trading frenzy: WSJ

Article - Media, Publications

Federal agencies launch probe into possible manipulation after GameStop trading frenzy: WSJ

Noor Zainab Hussain, 11 February 2021

(Reuters) – Federal prosecutors and regulators are investigating whether “market manipulation or other types of misconduct” led to a meteoric rise in shares of companies such as GameStop and AMC, the Wall Street Journal reported on Thursday.

The Justice Department’s fraud section and the San Francisco U.S. attorney’s office have sought information about the trading from brokers and social-media companies that were hubs for the trading, the WSJ reported, citing people familiar with the matter. on.wsj.com/3abznn1

Prosecutors have subpoenaed information from brokers such as Robinhood, according to the report.

Additionally, the Commodity Futures Trading Commission has opened a preliminary investigation into whether misconduct occurred as some Reddit traders targeted silver futures, the WSJ report.

A Justice Department spokesperson did not immediately respond to a Reuters request for comment.

Read Full Article

02/11/202104/03/2021

Article: Report: Feds Investigating Meme Stock Frenzy For Market Manipulation

Article - Media, Publications

Report: Feds Investigating Meme Stock Frenzy For Market Manipulation

Sarah Hansen, 11 February 2021

Federal authorities are investigating whether massive gains in “meme stocks” like GameStop in January were caused by market manipulation or other illegal behavior, the Wall Street Journal reported Thursday.

In January, individual traders from online communities like Reddit’s r/WallStreetBets forum and users of popular online brokerage apps like Robinhood were a driving force behind the meteoric rise of a handful of previously unpopular stocks. The traders pitted themselves against major hedge funds who had bet that the price of stocks in struggling companies like GameStop, AMC Entertainment, and Blackberry would fall in a practice called short selling. The rapid surge of interest from retail investors pushed the price of those stocks to record levels, and hedge funds like Melvin Capital faced massive losses as a result. At the peak of the frenzy, Robinhood restricted trading on shares of GameStop and a handful of other stocks, prompting a swift backlash from lawmakers and multiple class-action lawsuits from traders who said they had missed out on gains.

Read Full Article

02/11/202103/29/2021

Article: What Investors Should Learn From Reddit, GameStop, Market Manipulation And Other Recent Headlines

Article - Media, Publications

What Investors Should Learn From Reddit, GameStop, Market Manipulation And Other Recent Headlines

Bob Carlson, 11 February 2021

Over the last couple of weeks, the financial headlines have been dominated by market manipulation, GameStop, short squeezes, Reddit frenzies and other uncommon topics. A little perspective makes it easier to understand these events and how they should affect your investment strategy.

The big news was the strong increase in the price of the stock of GameStop, a video game retailer that many investors thought was slowly dying. The price apparently increased because a large number of members in a forum on the Reddit web site said investors should buy the stock. Continue reading “Article: What Investors Should Learn From Reddit, GameStop, Market Manipulation And Other Recent Headlines”

02/11/202103/25/2021

Article: Government agencies probe GameStop pump over potential illegal manipulation

Article - Media, Publications

Government agencies probe GameStop pump over potential illegal manipulation

DUNCAN RILEY, 11 February 2021

U.S. government agencies have launched federal investigations into whether the social-media-driven activity around GameStop Corp.’s share price rise in January constituted illegal market manipulation.

According to a report today in The Wall Street Journal, both the U.S. Department of Justice and the Commodity Futures Trading Commission are formally investigating the pump of GME stock, and the Securities and Exchange Commission is also reviewing the matter.

The investigation by the justice department is being led by the department’s fraud section and the San Francisco U.S. attorney’s office who have sought information about the security activity from brokers and social media companies that were at the center of the trading frenzy. Subpoenas are said to have been issued for information to brokers including Robinhood Markets Inc. that was widely used by those buying up GameStop and other shares such as AMC Entertainment Holdings Inc. Continue reading “Article: Government agencies probe GameStop pump over potential illegal manipulation”

02/10/202104/17/2021

Article: Robinhood Users Face Uphill Fight For TRO In GameStop Suit

Article - Media, Publications

Robinhood Users Face Uphill Fight For TRO In GameStop Suit

Craig Clough, 10 February 2021

A California federal judge indicated Wednesday that she is unlikely to issue a temporary restraining order or preliminary injunction against Robinhood Financial LLC to prevent it from blocking specific transactions on volatile stocks after a user suing the company said the online trading platform’s recent actions were “unprecedented.”

The lawsuit before U.S. District Judge Virginia Phillips is one of more than 30 civil suits Robinhood is facing over its decision late last month to block users from buying shares of GameStop, AMC and other volatile stocks recently caught up in a well-publicized trading frenzy. Continue reading “Article: Robinhood Users Face Uphill Fight For TRO In GameStop Suit”

02/10/202103/02/2021

Article: Ballard Increases Bought Deal Offering of Common Shares

Article - Media, Publications

Ballard Increases Bought Deal Offering of Common Shares

GLOBE NEWSWIRE, 10 February 2021

Ballard Power Systems (“Ballard” or “the Company”) (NASDAQ: BLDP; TSX: BLDP) today announced that, due to strong demand, it has agreed with a syndicate of underwriters led by TD Securities Inc. and National Bank Financial Inc. (collectively, the “Underwriters”), to increase the size of its previously announced US$350 million bought deal offering (the “Offering”). Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a bought deal basis, 14,870,000 common shares of the Company (the “Common Shares”) at a price of US$37.00 per Common Share (the “Offering Price”) for gross proceeds of US$550,190,000. Continue reading “Article: Ballard Increases Bought Deal Offering of Common Shares”

02/10/202103/02/2021

Article: Tucows Announces $40 Million Stock Buyback Program

Article - Media, Publications

Tucows Announces $40 Million Stock Buyback Program

GLOBE NEWSWIRE, 10 February 2021

Tucows Inc. (NASDAQ: TCX, TSX: TC) announced today that its Board of Directors has approved a stock buyback program to repurchase, from time to time, up to $40 million of its common stock in the open market.

The new $40 million buyback program will commence February 10, 2021 and will terminate on or before February 9, 2022. Purchases for the new buyback program will be made exclusively through the facilities of the Nasdaq Capital Market. The previously announced $40 million buyback program for the period February 13, 2020 to February 12, 2021 has been terminated. Continue reading “Article: Tucows Announces $40 Million Stock Buyback Program”

02/09/202104/13/2021

Article: Mercurity Fintech Holding Inc. Announces Results of 2021 Extraordinary General Meeting

Article - Media, Publications

Mercurity Fintech Holding Inc. Announces Results of 2021 Extraordinary General Meeting

PRNewswire, 09 February 2021

Mercurity Fintech Holding Inc. (the “Company”) (Nasdaq: MFH) today announced the results of its 2021 Extraordinary General Meeting, held on February 5, 2021 in Beijing, where it adopted resolutions, effective immediately, to: (i) increase the authorized share capital of the Company from US$50,000 to US$250,000; and (ii) re-elect following nominees as members of the Company’s Board of Directors: Continue reading “Article: Mercurity Fintech Holding Inc. Announces Results of 2021 Extraordinary General Meeting”

02/09/202104/15/2021

Article: FINRA GameStop Probe May Put Firms’ Compliance In Focus

Article - Media, Publications

FINRA GameStop Probe May Put Firms’ Compliance In Focus

Al Barbarino, 09 February 2021

The Financial Industry Regulatory Authority is likely investigating the social media activity of brokers tied to the GameStop stock-trading frenzy, which could ultimately lead to scrutiny of firms’ supervisory procedures and require fine-tuning of their compliance policies.

The erratic trading that sent GameStop’s share price soaring to a high of $483 on Jan. 28 before crashing down was fueled in part by a Reddit board where users promoted the stock to counter Wall Street firms that had bet against it. After weeks of wild fluctuations, the stock closed Tuesday at just over $50. Continue reading “Article: FINRA GameStop Probe May Put Firms’ Compliance In Focus”

02/09/202104/01/2021

Article: Investigations Into GameStop Trading And Reddit: Former SEC Enforcement Chief Provides Insights

Article - Media, Publications

Investigations Into GameStop Trading And Reddit: Former SEC Enforcement Chief Provides Insights

Bruce Brumberg, JDN, 9 February 2021

The Reddit/GameStop aftermath continues. Now, it’s been reported, investigators at the US Securities and Exchange Commission (SEC) are allegedly scouring posts on social media and online message boards for evidence of fraud and coordinated stock-price manipulation in the hype that led to recent unlikely surges in the stock prices of GameStop, AMC Entertainment Holdings, and a few other companies.

What goes on in these types of SEC investigations? Are individual investors who contributed to the online buzz about these companies really at risk of SEC enforcement actions or criminal prosecution? What about the legality of the decision by trading app Robinhood and other online trading platforms to temporarily restrict trading in the stock of GameStop and the other targeted companies? Continue reading “Article: Investigations Into GameStop Trading And Reddit: Former SEC Enforcement Chief Provides Insights”