Could The U.K. Secretly Strip Encryption From WhatsApp?
Barry Collins, 11 April 2021
The U.K. government could secretly force Facebook to strip end-to-end encryption from apps such as WhatsApp, a civil liberties organization has claimed.
The U.K. government has waged a long campaign against end-to-end encryption in consumer apps because it makes interception of communications more difficult. End-to-end encryption thus facilitates crimes such as child abuse, politicians such as the U.K.’s Home Secretary, Priti Patel, have argued. Continue reading “Article: Could The U.K. Secretly Strip Encryption From WhatsApp?”
Market Manipulation: Alberta Securities Commission clamps down on pump and dump scheme
Lawrence E. Ritchie, Tristram Mallett, Devon Luca, 23 March 2021
The Alberta Securities Commission (the “ASC”) recently issued its reasons in Re Kilimanjaro Capital Ltd., 2021 ABASC 14 (the “Decision”). The ASC concluded the control person of Kilimanjaro Capital Ltd. (“Kilimanjaro”), Ashmit Patel, engaged in, among other things, market manipulating conduct intended artificially to inflate Kilimanjaro’s share price so that he could profit.
The Decision highlights the extensive cross-border cooperation between the United States Security and Exchange Commission (the “SEC”) and Canadian Securities Administrators (“CSAs”). The Decision also strengthens the existing legal framework relating to misleading promotional materials. As we have written previously, regulators are grappling with how to regulate an evolving market in which information posted on social media can significantly influence market valuations. The Decision lays useful groundwork that can be used to regulate legitimate trading practices used for improper purposes.
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U.S. Stock Market Commentary by Samex Capital
Samex Capital via RGM Communications via Wayback, 7 February 2005
It seems the U.S. Chamber of Commerce’s Institute For Legal Reform has publicly stated their petition of William Donaldson, the chairman of the SEC, asking for an investigation into whether short sellers and the law firm of Milberg Weiss (“MW”) had engaged in securities fraud. MW represented a class action suit led by an investment company that was also shorting the stock of the company targeted by the class action. MW is best known for their role in pursuing class action suits against publicly traded companies.
PDF (2 pages): U.S. Stock Market Commentary by Samex Capital