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Article: The Elon Musk Effect: The Timeless Power Of Disruption And Brand Authority

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The Elon Musk Effect: The Timeless Power Of Disruption And Brand Authority

Ben Constanty, 25 February 2021

The odds are good that you have been impacted by the network effect, or when a product increases in value when more individuals begin adopting and using said product. A few examples include the telephone and the internet.

Company CEOs such as Elon Musk have recently expedited this process by using their personal brands to create a massive network effect in different industries. To get a better understanding, we need to dive in further. Continue reading “Article: The Elon Musk Effect: The Timeless Power Of Disruption And Brand Authority”

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Article: Banks Can Argue Funds Passed On UK Forex Rigging Losses

Article - Media, Publications

Banks Can Argue Funds Passed On UK Forex Rigging Losses

Christopher Crosby, 25 February 2021

Institutional investors suing some of the world’s largest banks for manipulating the foreign exchange market will have to prove their losses were not passed on to others after a London court ruled on Thursday that the issue has to be determined at trial.

Nigel Teare, sitting as a judge at the High Court, refused to knock down the legal defense raised by Barclays, CitiBank, HSBC and other lenders to fight claims for damages for allegedly manipulating benchmark rates in the forex market.. Continue reading “Article: Banks Can Argue Funds Passed On UK Forex Rigging Losses”

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Article: 180 Life Sciences Corp. Announces Closing of $11.7 Million Private Placement

Article - Media, Publications

180 Life Sciences Corp. Announces Closing of $11.7 Million Private Placement

GLOBE NEWSWIRE, 25 February 2021

180 Life Sciences Corp. (NASDAQ: ATNF) (180 Life Sciences or the “Company”), a clinical-stage biotechnology company with its lead indication in Phase 2b/3, focused on the development of novel drugs that fulfill unmet needs in inflammatory diseases, fibrosis and pain, today announced the closing of its previously announced private placement of 2,564,000 shares of its common stock and accompanying warrants to purchase an aggregate of up to 2,564,000 shares of common stock at a combined purchase price of $4.55 per share and accompanying warrant. The warrants are exercisable immediately at an exercise price of $5.00 per share and expire five years from the date of issuance. Gross proceeds were approximately $11.7 million, before deducting placement agent fees and other offering expenses. The Company currently intends to use the net proceeds from this offering for general corporate purposes, working capital, and for the research and development of the Company’s programs that are not funded by grants.

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Subject: Bernie Madoff

Subject of Interest

Bernard Lawrence Madoff (/ˈmeɪdɔːf/;[1] born April 29, 1938) is an American former market maker, investment advisor, financier and convicted fraudster who is currently serving a federal prison sentence for offenses related to a massive Ponzi scheme.[2] He is the former non-executive chairman of the NASDAQ stock market,[3] the confessed operator of the largest Ponzi scheme in world history, and the largest financial fraud in U.S. history.[4] Prosecutors estimated the fraud to be worth $64.8 billion based on the amounts in the accounts of Madoff’s 4,800 clients as of November 30, 2008.[5]

Madoff founded a penny stock brokerage in 1960 which eventually grew into Bernard L. Madoff Investment Securities. He served as its chairman until his arrest on December 11, 2008.[6][7] The firm was one of the top market maker businesses on Wall Street,[8] which bypassed “specialist” firms by directly executing orders over the counter from retail brokers.[9]

Full Biography

 

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Article: The GameStop Mess Exposes the Naked Short Selling Scam

Article - Media, Publications

The GameStop Mess Exposes the Naked Short Selling Scam

LUCY KOMISAR, 25 February 2021

At the House Financial Services Committee hearing last week on the GameStop debacle, there was an elephant in the room: naked short selling.

Short selling, effectively betting that a stock will go down, involves a trader selling shares he does not own, hoping to buy them back at a lower price to make money on the spread. The trader is supposed to locate (or have a “reasonable belief” he can locate) or borrow the shares in brokerage accounts, and then transfer them to the buyer within two days. This accounts for as much as 50 percent of daily trading. Continue reading “Article: The GameStop Mess Exposes the Naked Short Selling Scam”

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Article: DTCC Proposes Shortening US Trading Settlement Cycle To T+1: Here’s Why That’s Important

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DTCC Proposes Shortening US Trading Settlement Cycle To T+1: Here’s Why That’s Important

Wayne Duggan, Benzinga, 24 February 2021

ROBERT STEELE: This article is such crap. As if DTCC had not willfully covered up $100 trillion in naked short counterfeit sales these past 15-20 years. Until DTCC is given a porcupine enema and we sent DOJ, FBI, and US Southern District Attorneys to jail for life for treason — enabling foreign collusion and domestic crime against the US economy — for life, this will not change.

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Article: Credit Suisse Virtual Financial Services Forum

Article - Media, Publications

Credit Suisse Virtual Financial Services Forum

State Street, 24 February 2021

Risk. Regulation. Complexity. To manage these challenges, and more, we’ve implemented a long-term strategy to support our stakeholders — employees, clients, communities and shareholders. Our strategy focuses on building on our strong core, achieving a digital enterprise, investing in opportunities and optimizing our capital. We maintain close relationships with analysts and investors to make sure they understand our goals, how we plan to get there and our progress along the way. Continue reading “Article: Credit Suisse Virtual Financial Services Forum”

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Article: The LIBOR Scandal

Article - Media, Publications

The LIBOR Scandal

Jason Fernando, 24 February 2021

What Is the LIBOR Scandal?
The LIBOR Scandal was a highly-publicized scheme in which bankers at several major financial institutions colluded with each other to manipulate the London Interbank Offered Rate (LIBOR). The scandal sowed distrust in the financial industry and led to a wave of fines, lawsuits, and regulatory actions. Although the scandal came to light in 2012, there is evidence suggesting that the collusion in question had been ongoing since as early as 2003.

Many leading financial institutions were implicated in the scandal, including Deutsche Bank (DB), Barclays (BCS), Citigroup (C), JPMorgan Chase (JPM), and the Royal Bank of Scotland (RBS).

As a result of the rate fixing scandal, questions around LIBOR’s validity as a credible benchmark rate have arisen and it is now being phased out. According to the Federal Reserve and regulators in the U.K., LIBOR will be phased out by June 30, 2023, and will be replaced by the Secured Overnight Financing Rate (SOFR). As part of this phase-out, LIBOR one-week and two-month USD LIBOR rates will no longer be published after December 31, 2021. Continue reading “Article: The LIBOR Scandal”

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Article: EU Watchdog Wants Zero-Commission Probe After GameStop

Article - Media, Publications

EU Watchdog Wants Zero-Commission Probe After GameStop

Irene Madongo, 24 February 2021

Commission-free trading should be scrutinized following the extreme volatility of stock in GameStop driven by a surge in trading using social media, according to the head of the European Union’s markets regulator.

Steven Maijoor, chairman of the European Securities and Markets Authority, took aim on Tuesday at a move toward allowing investors to trade stocks for free. He told the European Parliament’s economic affairs committee that low-cost or no-cost trading can create less transparency for investors. Continue reading “Article: EU Watchdog Wants Zero-Commission Probe After GameStop”

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Lawyer: Gary J. Aguirre

Lawyer

Gary J. Aguirre is an American lawyer, former investigator with the United States Securities and Exchange Commission (SEC) and whistleblower.

After working in a law firm briefly, he became a public defender, then worked as a trial lawyer in California. Having reached his professional and financial goals, he took an extended break in 1995. In 2000, he decided to go into public service and went back to law school, focusing on international and securities law. Continue reading “Lawyer: Gary J. Aguirre”

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Observer: wallstreetbets

Observer

r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its profane nature, aggressive trading strategies, and role in the GameStop short squeeze that caused losses on short positions in U.S. firms topping US$70 billion in a few days in early 2021. The subreddit is famous for its colorful jargon and terms.[2]

Full Biography

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Media: Bob O’Brien

Media

Bob O’Brien is a senior writer at The Deal, covering private equity. He writes both breaking news stories and feature articles for the website.

Previously, O’Brien spent 18 years at The Wall Street Journal, including covering the daily performance in the equities market. He was featured as an on-air reporter on CNBC television, as part of the WSJ’s licensing agreement with NBC Universal. He wrote feature stories for Barron’s magazine as well as an investment blog for Barron’s online.

Full Biography

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Official: Bill Clinton

Official

William Jefferson Clinton (né Blythe III; born August 19, 1946) is an American lawyer and politician who served as the 42nd president of the United States from 1993 to 2001. Prior to his presidency, he served as governor of Arkansas (1979–1981 and 1983–1992) and as attorney general of Arkansas (1977–1979). A member of the Democratic Party, Clinton was known as a New Democrat, and many of his policies reflected a centrist “Third Way” political philosophy. He is the husband of former secretary of state, former U.S. senator, and two-time candidate for president Hillary Clinton.

Full Biography

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Article: Form 8-K 180 Life Sciences Corp.

Article - Media, Publications

Form 8-K 180 Life Sciences Corp.

EDGAR AGENTS LLC, 24 February 2021

On February 19, 2021, 180 Life Sciences Corp. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with the purchasers identified on the signature pages thereto (the “Purchasers”) pursuant to which the Company agreed to sell to the Purchasers an aggregate of 2,564,000 shares (the “Shares”) of the common stock, par value $0.0001 per share, of the Company (“Common Stock”), and warrants to purchase up to an aggregate of 2,564,000 shares of Common Stock (the “Warrants”), at a combined purchase price of $4.55 per Share and accompanying Warrant (the “Offering”). Aggregate gross proceeds from the Offering are expected to be approximately $11.7 million, prior to deducting placement agent fees and estimated offering expenses payable by the Company. Net proceeds to the Company from the Offering, after deducting the placement agent fees and estimated offering expenses payable by the Company, are expected to be approximately $10.8 million. The Offering closed on February 23, 2021. Continue reading “Article: Form 8-K 180 Life Sciences Corp.”