China slams Biden’s renewed probe of Wuhan lab as ‘political manipulation’
Mark Moore, 27 May 2021
The Chinese Communist Party blasted President Biden’s decision to renew the investigation into whether the coronavirus leaked from a Chinese lab as “political manipulation” and one that “does not care about facts and truth.”
Foreign Ministry spokesman Zhao Lijian, speaking at a press conference in Beijing on Thursday, said the US “does not care about facts and truth, nor is it interested in serious scientific origin tracing.”
“Some people in the United States claim they want the truth, but their real intention is political manipulation,” Zhao said. Continue reading “Article: China slams Biden’s renewed probe of Wuhan lab as ‘political manipulation’”
Binance Faces Probe by U.S. Money-Laundering and Tax Sleuths
Tom Schoenberg, 13 May 2021
Binance Holdings Ltd. is under investigation by the Justice Department and Internal Revenue Service, ensnaring the world’s biggest cryptocurrency exchange in U.S. efforts to root out illicit activity that’s thrived in the red-hot but mostly unregulated market.
As part of the inquiry, officials who probe money laundering and tax offenses have sought information from individuals with insight into Binance’s business, according to people with knowledge of the matter who asked not to be named because the probe is confidential. Led by Changpeng Zhao, a charismatic tech executive who relishes promoting tokens on Twitter and in media interviews, Binance has leap-frogged rivals since he co-founded it in 2017. Continue reading “Article: Binance Faces Probe by U.S. Money-Laundering and Tax Sleuths”
Short Selling in Canada: Regulations are Weak and a New Path Forward is Needed to Reduce Systemic Risk
Based on our research, it is clear that IIROC’s largely non-interventionist approach and its focus on maintaining liquidity have made Canadian companies attractive targets for short campaigns. From 2015 to 2018 there was an increase in the number of short campaigns in Canada, while generally in other jurisdictions there was a decrease. Additionally, the number of short campaigns in Canada is utterly disproportionate to the size of our capital markets when compared to the United States, the European Union and Australia (as examples). The reason for this seems clear: short selling regulations in Canada are out of step with regulations in those other jurisdictions – see Schedule A attached hereto. As a result of inherent weaknesses in the Canadian short sale regulatory regime, short sellers may well be attracted to the Canadian capital markets.
PDF (164 Pages): Paper Analysis of the Short Selling Landscape of Canada