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Article: InMed Pharmaceuticals Continues to Strengthen Biosynthesis Patent Family

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InMed Pharmaceuticals Continues to Strengthen Biosynthesis Patent Family

PRNewswire, 19 May 2020

InMed Pharmaceuticals Inc. (“InMed” or the “Company”) (TSX:IN; OTCQX:IMLFF), a clinical stage pharmaceutical company developing medications targeting diseases with high unmet medical need and leading the way in the clinical development of cannabinol (“CBN”), today announced the filing of a key Patent Cooperation Treaty (“PCT”) patent application directed to the Company’s biosynthesis platform technology for the manufacturing of pharmaceutical-grade cannabinoids.

The PCT patent application entitled “Compositions and Methods for Biosynthesis of Terpenoids or Cannabinoids in a Heterologous System” was initially filed as two separate United States Provisional Patent applications and further addresses the enablement and maximization of cannabinoid production through optimization of the precursor substrates needed to support specific cannabinoid synthesis.

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Article: Two Russian financiers who used Bruce Willis as the face of their collapsed bank face having their UK riches seized after racking up £730m debts amid claims they siphoned off customers’ savings

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Two Russian financiers who used Bruce Willis as the face of their collapsed bank face having their UK riches seized after racking up £730m debts amid claims they siphoned off customers’ savings

KATE DENNETT, 16 May 2020

Two Russian bankers, who lived in luxury in England, face having their assets seized by financial investigators after they were declared the second-biggest bankrupts in British history.

Financial investigators are searching to claim former Russia’s National Bank Trust (NBT) shareholders Ilya Yurov and Nikolay Fetisov’s assets. This comes after they were accused of siphoning off customers’ savings through a network of shell companies, The Times reported. Continue reading “Article: Two Russian financiers who used Bruce Willis as the face of their collapsed bank face having their UK riches seized after racking up £730m debts amid claims they siphoned off customers’ savings”

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Article: Burford abandons market manipulation claim

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Burford abandons market manipulation claim

Gazette reporter, 15 May 2020

Burford Capital has abandoned a legal bid to prove its share price was illegally manipulated after being denied access to market information.

The embattled litigation funder said it does not intend to appeal a High Court ruling refusing an application to compel the London Stock Exchange to release trading data.

Burford has made a concerted effort to pursue claims for market manipulation following an August 2019 short attack against its shares. The Guernsey-registered and New York-based business came under assault when a US shareholder activist, Muddy Waters, published an apparently damning analysis. Muddy Waters claimed Burford was ‘arguably insolvent’ and described its governance as ‘laughter-inducing’, allegations which were strenuously denied by Burford. Muddy Waters renewed its attack on Burford earlier this week, accusing it of over-stating profits. Continue reading “Article: Burford abandons market manipulation claim”

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Article: Burford Loses ‘Market Manipulation’ Claim Against London Stock Exchange

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Burford Loses ‘Market Manipulation’ Claim Against London Stock Exchange

Krishnan Nair, 15 May 2020

Burford Capital has failed in its claim against the London Stock Exchange (LSE) that it had been the victim of market manipulation, after its share price plummeted last year.

Last August, the litigation funder’s share price tumbled following what the firm referred to as a “short-selling attack” by U.S. research firm Muddy Waters. More than $1.2 billion was wiped off Burford’s value, with shares dropping as low as 64%.

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Article: Were Hedge Funds Right About InMode Ltd (INMD)

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Were Hedge Funds Right About InMode Ltd (INMD)/strong>

Debasis Saha, 06 May 2020

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy long-term Treasury bonds. Our article also called for a total international travel ban. While we were warning you, President Trump minimized the threat and failed to act promptly. As a result of his inaction, we will now experience a deeper recession (see why hell is coming). Continue reading “Article: Were Hedge Funds Right About InMode Ltd (INMD)”

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Article: Market manipulation persists in London’s financial district

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Market manipulation persists in London’s financial district

LLB EDITOR, 27 April 2020

A total of 822 reports of suspected market manipulation were made to the FCA last year (year end Dec 31 2019) by market participants, suggesting that the problem is far from being eradicated, says RPC, the City-headquartered law firm.

The number of reports of market manipulation saw a slight increase last year, rising from 812 in 2018.

Market manipulation is the attempt to artificially increase or decrease the price of an asset, index or its derivative in order to make a gain. Following the LIBOR scandal that broke in 2012, the laws relating to market manipulation were significantly tightened up. This included criminalising the attempted manipulation of benchmarks (Financial Services Act 2012). Continue reading “Article: Market manipulation persists in London’s financial district”

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Article: Should You Be Concerned About Benitec Biopharma Limited’s (NASDAQ:BNTC) Historical Volatility?

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Should You Be Concerned About Benitec Biopharma Limited’s (NASDAQ:BNTC) Historical Volatility?

Simply Wall St, 20 April 2020

Anyone researching Benitec Biopharma Limited (NASDAQ:BNTC) might want to consider the historical volatility of the share price. Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. The first category is company specific volatility. This can be dealt with by limiting your exposure to any particular stock. The second sort is caused by the natural volatility of markets, overall. For example, certain macroeconomic events will impact (virtually) all stocks on the market. Continue reading “Article: Should You Be Concerned About Benitec Biopharma Limited’s (NASDAQ:BNTC) Historical Volatility?”

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Article: Pandemic May Disrupt Discovery In Credit Suisse Forex Case

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Pandemic May Disrupt Discovery In Credit Suisse Forex Case

Dean Seal, 17 April 2020

Counsel for investors and Credit Suisse cited the COVID-19 pandemic Monday when they asked a New York federal judge to push their discovery deadlines in a suit over alleged foreign exchange market manipulation by nine weeks.

In a letter to U.S. District Judge Lorna G. Schofield, attorneys for both sides in the long-running litigation said that in light of the threat to public health posed by the novel coronavirus, as well as the disruptions it has caused in air travel, continued discovery efforts would be risky and exceedingly difficult. Continue reading “Article: Pandemic May Disrupt Discovery In Credit Suisse Forex Case”

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Article: 180 Life Sciences Corp. (ATNF) FORM 10-K

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180 Life Sciences Corp. (ATNF) FORM 10-K

Seeking Alpha, 07 April 2020

“180” are to 180 Life Sciences Corp. (formerly CannBioRx Life Sciences Corp.);

“Business Combination” are to the transactions contemplated by the Business Combination Agreement;

“Business Combination Agreement” are to the Business Combination Agreement, dated as of July 25, 2019 (as the same may be amended), by and among us, KBL Merger Sub, the 180 Parties and the Stockholder Representative, pursuant to which KBL Merger Sub will merge with and into 180 with 180 surviving the merger and continuing as our wholly-owned subsidiary, and in consideration thereof, the stockholders of 180 shall, at the option of the holder, receive either shares of our common stock or their existing Exchangeable Shares will become exchangeable into shares of our common stock;

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Article: BIONANO GENOMICS ANNOUNCES PRICING OF $18 MILLION UNDERWRITTEN PUBLIC OFFERING

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BIONANO GENOMICS ANNOUNCES PRICING OF $18 MILLION UNDERWRITTEN PUBLIC OFFERING

GLOBE NEWSWIRE, 02 April 2020

BIONANO GENOMICS, INC. (BNGO), a genome analysis company that provides tools and services based on its Saphyr® system to scientists and clinicians conducting genetic research and patient testing, today announced the pricing of an underwritten public offering of 54,546,000 shares of its common stock (or pre-funded warrants to purchase common stock in lieu thereof) and common warrants to purchase up to an aggregate of 54,546,000 shares of common stock. Each share of common stock and, as applicable, each pre-funded warrant is being sold together with a common warrant to purchase one share of common stock at a combined effective price to the public of $0.33 per share and accompanying common warrant. For each pre-funded warrant Bionano sells, the number of shares of common stock Bionano is offering will be decreased on a one-for-one basis. Continue reading “Article: BIONANO GENOMICS ANNOUNCES PRICING OF $18 MILLION UNDERWRITTEN PUBLIC OFFERING”

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Article: Russia busts card fraud ring that included an infamous hacker

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Russia busts card fraud ring that included an infamous hacker

J. Fingas, 29 March 2020

Russia tends to turn a blind eye to some fraudsters and hackers, but it just clamped down on a particularly large group. Investigators have charged at least 25 people involved in a credit card fraud ring that included a notorious hacker. While Russian authorities didn’t provide a formal list of those caught in the bust, records and security blogger Andrey Sporov have revealed that one of those arrsted was Alexey Stroganov, also known as “Flint.” As a Krebs on Security source said, Stroganov apparently had a stake in “almost every major [card] hack” from the past 10 years, and sent “hundreds of millions of dollars” through the seized cryptocurrency exchange BTC-e. Continue reading “Article: Russia busts card fraud ring that included an infamous hacker”

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Article: Overstock accelerator plots expansion of farming blockchain

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Overstock accelerator plots expansion of farming blockchain

Frank Cardona, 28 March 2020

Medici Ventures, a blockchain accelerator owned by internet retail company Overstock.com, announced a global expansion of agritech blockchain company GrainChain through a partnership with Symbiont’s enterprise blockchain network. Earlier this month, Medici Ventures announced it had purchased over $5 million in equity from GrainChain as part of an <$8.2 funding round for the project. Continue reading “Article: Overstock accelerator plots expansion of farming blockchain”

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Article: Fund giant BlackRock issues stewardship playbook as a proxy-season test and SEC rulings loom

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Fund giant BlackRock issues stewardship playbook as a proxy-season test and SEC rulings loom

Rachel Koning Beals, 18 March 2020

Fund giant BlackRock has released its stewardship playbook, a rough plan that furthers the industry-rattling pledge for sustainability from its leader Larry Fink earlier this year. Continue reading “Article: Fund giant BlackRock issues stewardship playbook as a proxy-season test and SEC rulings loom”

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Article: Government Is Broadening Investigations of Spoofing-Like Practices

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Government Is Broadening Investigations of Spoofing-Like Practices

Dave Michaels, 17 March 2020

WASHINGTON—Authorities are investigating whether traders at JPMorgan Chase & Co. manipulated the market for Treasury securities and futures contracts, according to regulatory disclosures and people familiar with the matter.

The investigation shows that federal prosecutors and regulators continue to expand a campaign against an illicit practice known as spoofing, which has mainly focused on wily trading in derivatives. A move to scrutinize whether similar practices have affected the $17 trillion market for Treasury securities would open a new, and potentially more complicated, front in the war on spoofing.

The bank disclosed in a Feb. 25 regulatory filing that it is dealing with “related requests concerning similar trading-practices issues in markets for other financial instruments, such as U.S. Treasurys.” According to people familiar with the matter, the investigation also is probing the bank’s trading in futures. It couldn’t be learned which time period authorities are focusing their investigation on.

The Justice Department’s Fraud Section and regulators at the Commodity Futures Trading Commission are involved, the people said. A spokeswoman for JPMorgan declined to comment. A spokesman for the Justice Department declined to comment.

Regulators and other authorities cracked down on spoofing after Congress specifically outlawed the feinting strategy in 2010. Citigroup Inc. paid $25 million in 2017 to settle regulatory claims that five traders spoofed Treasury futures. The same year, the Bank of Tokyo-Mitsubishi UFJ, Ltd. paid $600,000 to resolve CFTC claims over similar misconduct.

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Article: SEC Charges Russian National for Defrauding Older Investors of Over $26 Million in Phony Certificates of Deposit Scam

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SEC Charges Russian National for Defrauding Older Investors of Over $26 Million in Phony Certificates of Deposit Scam

US SEC, 13 March 2020

The Securities and Exchange Commission today announced charges against Denis Georgiyevich Sotnikov and entities he controlled for allegedly participating in a fraudulent scheme to lure U.S. investors into buying fictitious Certificates of Deposit (CDs) promoted through internet advertising and “spoofed” websites that mimic the actual sites of legitimate financial institutions.

According to the SEC’s complaint, the scheme involved purchasing internet ads that targeted investors who were searching for CDs with high rates. The ads allegedly included links to phony websites, which falsely claimed that the firms offering the CDs were members of FINRA and the FDIC, and that deposits were FDIC-insured. When investors called the phone number on the websites, an “account executive” impersonating a real registered representative directed investors to wire funds to so-called “clearing” partners. These alleged clearing partners were entities used by Sotnikov to launder and misappropriate investor funds. Since November 2014, the alleged scheme involved spoofing the websites of at least 24 actual financial firms or using at least 8 fictitious entities, resulting in over $26 million in known investor losses – with many of those losses from older investors who used their retirement savings. Continue reading “Article: SEC Charges Russian National for Defrauding Older Investors of Over $26 Million in Phony Certificates of Deposit Scam”

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