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☆ BlackRock to expand proxy voting choice to retail ETF investors
▼ + stars: | 2023-07-17 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

FILE PHOTO: The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri/File Photo(Reuters) - The world’s top asset manager BlackRock said it will offer proxy voting choices to U.S. retail investors of its biggest exchange-traded fund, expanding a strategy that could blunt criticism of how the firm considers environmental, social and governance (ESG) matters. Investors will not be able to specify votes in specific company elections. While many clients will rely on the votes BlackRock will continue to cast, “consistent with our fiduciary duty as an investment manager, others want the choice to participate in proxy voting more directly,” said Joud Abdel Majeid, Global Head of BlackRock Investment Stewardship, in a statement. Rivals including State Street and Vanguard have their own programs to devolve proxy voting rights.

Persons: Carlo Allegri, BlackRock, Glass, ”, Joud Abdel Majeid Organizations: REUTERS, BlackRock, New, Services, Glass Lewis, managements, Investment, Rivals, State, Vanguard, Republican Locations: BlackRock, Manhattan, New York City , New York, U.S, New York, Republican U.S

☆ BlackRock names Saudi Aramco CEO Amin Nasser to board
▼ + stars: | 2023-07-17 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Amin H. Nasser, president and CEO of Saudi Aramco, speaks during a news conference at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. BlackRock said Monday that Amin Nasser, the CEO of Saudi Aramco, the world's largest oil company, is joining the asset manager's board of directors. The world's largest asset manager said the move reflects the firm's emphasis on the Middle East as part of its long-term strategy. In August 2022, Texas Comptroller Glenn Hegar targeted BlackRock, putting the asset manager on a list of financial companies that "boycott energy companies." "It's got nothing to do with maximizing returns and is the opposite of what an asset manager is paid to do."

Persons: Amin H, Nasser, Amin Nasser, Amin's, Larry Fink, Fink, Glenn Hegar, Jimmy Patronis, It's Organizations: Plaza Conference, BlackRock, Saudi Aramco, Aramco, BlackRock Board, Republicans Locations: Saudi Aramco, Dhahran, Saudi Arabia, Saudi, East, BlackRock, Texas, Florida

☆ Wall Street execs make first bets against Donald Trump in 2024
▼ + stars: | 2023-07-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Christie, who is running for president again versus Trump this cycle, also received $6,600 from Jones in the second quarter, according to his campaign finance disclosure. Longtime venture capitalist Joe Lonsdale donated at least $3,300 to DeSantis in the second quarter, according to the filings. DeSantis' campaign finished the second quarter with $20 million raised. Bill Ackman, the CEO of hedge fund Pershing Square Capital, contributed $3,300 during the early stages of the quarter, according to the filings. Ramaswamy's campaign finished the second quarter having raised over $7 million, most of which was self-funded.

Persons: Ron DeSantis, Donald J, Trump, Paul Tudor Jones, DeSantis, Jones, Mitt Romney's, Barack Obama, Jeb Bush's, Chris Christie's, Christie, Forbes, Joe Lonsdale, Lonsdale, Justin Siegel, Goldman Sachs, Goldman, Vivek Ramaswamy, Ramaswamy, Bill Ackman, Ramaswamy —, Robert F, Kennedy Jr, Ackman, Ed Hyman, Glenn Dubin, Eva, Jeffrey Epstein, Dubin, Nikki Haley Organizations: Florida Gov, Governors, Washington Post, Getty, New, New Jersey Gov, Trump, Wall Street, Capital, Pershing, Twitter, Democratic, Evercore ISI, Dubin, Co Locations: Florida, Washington ,, New Jersey

☆ Tucker Carlson's show on Twitter makes ad deal with anti-ESG shopping app
▼ + stars: | 2023-07-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Former Fox News host Tucker Carlson's new Twitter show has landed one of its first advertisers. Carlson agreed to a seven-figure advertising deal with Public Square (PublicSq. Carlson's show appears to match well with the conservative leanings of Public Square. The Public Square ads are expected to start appearing on Carlson's show in late August. A February press release for the merger said the deal "is expected to provide up to $158.5 million in cash" to Public Square.

Persons: Tucker Carlson's, Carlson, Carlson's, Andrew Tate, Tate, Tucker, Michael Seifert, Seifert, Omeed Malik, Malik, Nick Ayers, Mike Pence, Peter Thiel, Blake Masters, Ayers, Thiel, Neil Patel, Patel, Ron DeSantis, Robert F, Kennedy Jr, Kennedy, Joe Biden, Biden Organizations: Fox News, Public, Fox, Systems, Twitter, Republican, Diversity Equity, Breitbart News, New York Stock Exchange, Colombier, Daily Mail, Wall Street, Arizona Senate GOP, Street Journal, Republican Florida Gov, Democratic, Quinnipiac Locations: Arizona

WASHINGTON, July 13 (Reuters) - A U.S. federal court rejected the Federal Trade Commission's request that it order Microsoft (MSFT.O) to temporarily hold off on closing its $69 billion purchase of "Call of Duty" maker Activision Blizzard (ATVI.O), according to a court filing. Reporting by Kanishka Singh in Washington; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Kanishka Singh, Sandra Maler Organizations: U.S, Federal Trade, Microsoft, Activision, Thomson Locations: Washington

July 14 (Reuters) - A U.S. appeals court on Friday rejected the Federal Trade Commission's request that it order Microsoft (MSFT.O) to temporarily hold off on closing its $69 billion purchase of "Call of Duty" maker Activision Blizzard (ATVI.O). The appeals court decision removes one of the few remaining hurdles stopping Xbox maker Microsoft from expanding its gaming business by closing its deal to buy Activision. The FTC had also asked Judge Jacqueline Scott Corley of the U.S. District Court in northern California for a stay but she rejected that request late on Thursday. After July 18, either company will be free to walk away from the deal unless they negotiate an extension. But on Tuesday, Judge Corley ruled the deal was legal under antitrust law and declined the FTC request to slap a preliminary injunction on it to give the FTC time to take it before an internal FTC judge in August.

Persons: Jacqueline Scott Corley, Judge Corley, Diane Bartz, Sandra Maler Organizations: Federal Trade, Microsoft, Activision, FTC, U.S, Markets Authority, Sony Group, Thomson Locations: California, Britain, United States

It also wants JPMorgan to pay damages to compensate Epstein's victims, pay punitive damages, separate its business and compliance functions, and hire a compliance consultant. The bank also called the U.S. Virgin Islands' arguments for damages "misdirected" and "not well founded." Friday's filing marks the first time the U.S. Virgin Islands has put a dollar figure on its lawsuit. In the U.S. Virgin Islands case, JPMorgan has sought to shift blame. The case is U.S. Virgin Islands v. JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

Persons: JPMorgan Chase, Jeffrey Epstein's, Epstein, Ariel Smith, Prince Andrew, Ehud Barak, Ghislaine Maxwell, Cecile de Jongh, Jes Staley, Staley, Jonathan Stempel, Nupur Anand, Luc Cohen, Jonathan Oatis, Deepa Babington Organizations: YORK, U.S . Virgin, JPMorgan, Virgin Islands, U.S . Virgin Islands, Deutsche Bank, U.S ., Barclays, Virgin, JPMorgan Chase Bank NA, U.S, Court, Southern District of, Thomson Locations: U.S, Manhattan, U.S . Virgin Islands, British, Southern District, Southern District of New York, New York

Investment in the critical minerals pipeline grew by 20% in 2021 and by 30% in 2022, led by lithium, copper and nickel. Although prices of some critical minerals such as copper have eased over the last year due to recession in the "old economy", prices for most critical minerals remain well above historical averages as supply struggles to catch up with demand. Production trends for nickel and cobaltLIMITED DIVERSIFICATIONThere has been only limited success in diversifying the geographical sourcing of critical minerals in recent years, the IEA said. China, which already dominates lithium processing, accounts for half of the world's planned new lithium chemical plants. Moreover, China's move to control exports of gallium and germanium underlines the concentration of supply in a host of smaller, esoteric metals that feed into the critical minerals landscape.

Persons: China's, IRENA, David Evans, Mark Potter Organizations: International Energy Agency, Investment, IEA, International Renewable Energy Agency, Thomson, Reuters Locations: Canada, Australia, China, Indonesia, United States, Europe, South America

WASHINGTON, July 14 (Reuters) - Microsoft (MSFT.O) urged an appeals court in sometimes scathing language on Friday to reject the U.S. Federal Trade Commission's (FTC) request to pause its $69 billion deal to buy Activision (ATVI.O). The agency asked the 9th Circuit Court of Appeals late on Thursday to require the companies to delay consummating the transaction while the court considered the FTC's broader appeal. Microsoft said on Friday the agency had been slow to file in federal court, and thus it was inappropriate to press for a delay so late in the game. "The district court’s consideration of the FTC's primary claim at trial shows that the court did not misapply the law," Microsoft said. Legal experts have said the agency faced an uphill fight in convincing the appeals court to overturn Corley's ruling.

Persons: Jacqueline Scott Corley, Corley's, Biden, Diane Bartz, David Shepardson, Josie Kao Organizations: Microsoft, U.S . Federal Trade Commission's, Activision, FTC, Sony, PlayStation, Markets Authority, Big Tech, Thomson Locations: San Francisco, Britain

☆ A former Anheuser-Busch exec has become one of the Bud Light maker's fiercest critics
▼ + stars: | 2023-07-14 | by ( Grace Mayer | ) www.businessinsider.com time to read: +7 min

Anson Frericks, a former executive at Anheuser-Busch, has criticized how the company has handled the backlash against Bud Light. Now, Anheuser-Busch has gotten involved with issues that he's been fighting against, Frericks told Insider. Anheuser-Busch US CEO Brendan Whitworth hasn't explicitly defended the Bud Light partnership with influencer Dylan Mulaney, nor has he called it a mistake. The dip in Bud Light sales persisted through the end of June, USA Today reported. In a TikTok video posted at the end of June, Mulvaney alleged that Bud Light never reached out to her following the onslaught of hate she received.

Persons: Anson Frericks, Bud Light, Bud, influencer Dylan Mulvaney, Brendan Whitworth, Mulvaney, Whitworth, Frericks, he's, Busch, He's, Vivek Ramaswamy, Marc Benoiff, Brendan Whitworth hasn't, influencer Dylan Mulaney, Getty, LAURIE DIEFFEMBACQ, Dylan Mulvaney Organizations: Anheuser, Busch, Service, Whitworth, CBS, Newsweek, Street, Fox News, Daily Mail, Fox, Bud, MAG, AFP, Pride Month, Human, USA Locations: Wall, Silicon

☆ Cracking the Proxy Advisory Duopoly
▼ + stars: | 2023-07-13 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

The filing had no details on the appeal, which will go to the Ninth Circuit Court of Appeals on the West Coast. In her 53-page order, Corley said it was not enough for the FTC to argue that "a merger might lessen competition - the FTC must show the merger will probably substantially lessen competition." Legal scholars questioned that standard, saying that the U.S. antitrust law required the FTC to prove the proposed deal "may" harm competition, not that it "will." The deal is Microsoft's biggest ever, and the largest in the videogame industry's history. To address the agency's concerns, Microsoft agreed to license "Call of Duty" to rivals, including a 10-year contract with Nintendo, contingent on the merger closing.

Persons: Jacqueline Scott Corley, Biden, Judge Corley, Corley, Diane Bartz, Muralikumar Anantharaman, Diane Craft Organizations: U.S . Federal Trade Commission, Microsoft, Activision, Ninth Circuit, U.S, FTC, Nintendo, Thomson Locations: West Coast, San Francisco

WASHINGTON, July 13 (Reuters) - A group on Thursday sued the state of Texas over its ban on public university employees from using Chinese-owned app TikTok on state-owned devices or networks, arguing it is compromising research and teaching. The Knight First Amendment Institute at Columbia University filed suit in U.S. District Court in Austin, Texas on behalf of the Coalition for Independent Technology Research asserting that Texas’s state government TikTok ban "is preventing or seriously impeding faculty from pursuing research that relates to TikTok... It has also made it almost impossible for faculty to use TikTok in their classrooms." Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: David Shepardson Organizations: Columbia University, Coalition for Independent Technology Research, Thomson Locations: Texas, U.S, Austin , Texas

☆ House Republicans target proxy advisors in latest hearing picking apart ESG investing
▼ + stars: | 2023-07-13 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — A Republican-led House Financial Services subcommittee held a second hearing Thursday scrutinizing the Biden administration's environmental, social and governance disclosure proposals for public U.S. companies. The hearing zeroed in on the influence of proxy advisors on shareholder voting decisions on questions related to ESG investing. Republicans pushed back against what they called the prioritization of ESG shareholder resolutions, while Democrats say shareholders deserve to be informed of all possible risks to their investments. The hearing was the second of six scheduled this month on ESG investing by House Republicans. The GOP's push against policies designed to promote ESG investing has garnered the support of some of the largest business advocacy groups, such as the Business Roundtable and the National Association of Manufacturers.

Persons: WASHINGTON —, Ann Wagner, Glass Lewis, Wagner, Gary Gensler, Trump, Chris Netram, — rescinding, Netram Organizations: Republican, Financial Services, Biden, Capital Markets, House Republicans, GOP, SEC, Securities, Exchange, Business, National Association of Manufacturers, NAM Locations: Bonn, Germany

July 13 (Reuters) - A federal jury on Thursday decided that Robert Bowers was eligible for the death penalty for killing 11 worshippers at Pittsburgh's Tree of Life synagogue in 2018, the deadliest antisemitic attack in U.S. history, local media reported. Last month, the jury found Bowers, 50, guilty of dozens of federal hate crimes in the trial at the U.S. District Court in Pittsburgh in western Pennsylvania. Federal prosecutors had charged Bowers with 63 counts, including 11 counts of obstruction of free exercise of religious beliefs resulting in death. In the final phase of the sentencing portion of the trial, both prosecutors and defense attorneys will have the chance to make arguments on whether Bowers deserves the death penalty. In their arguments in support of making Bowers eligible for the death penalty, prosecutors said that he had the necessary intent and premeditation to qualify for the sentence.

Persons: Robert Bowers, Bowers, Jonathan Allen, Brendan O'Brien, Tim Ahmann, Bill Berkrot Organizations: U.S, Court, KDKA, CBS, Thomson Locations: Pittsburgh, Pennsylvania, New York, Chicago

☆ Why Republican lawmakers are going after Target
▼ + stars: | 2023-07-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

In singling out Target, GOP lawmakers and right-wing social media personalities are sending a larger warning to corporate America to roll back recent diversity and inclusion policies, analysts say. Target first began its diversity initiatives 20 years ago and added new policies in 2020. Such efforts to curb gun violence have run into fierce pushback from Republican lawmakers who oppose both gun restrictions and corporations taking on social roles. Now, Republicans are stepping up their scrutiny on companies’ diversity efforts in the wake of the Supreme Court’s decision on affirmative action in college admissions. It is also likely to invite legal challenges to corporate DEI programs, as Cotton’s letter to Target foreshadows.

Persons: ”, Julian Zelizer, isn’t, ” Zelizer, Brandon Bell, Getty Images Arkansas Sen, Tom Cotton, Cotton, Andra Gillespie, “, He’s, Sen, Matt Walsh, George Floyd, “ It’s, Brian Cornell, Bud, They’ve, Chick, Bud Light, Ron DeSantis Organizations: New, New York CNN, Target, Princeton University, CNN, GOP, Walmart, Democratic, Getty Images Arkansas, Republican, Equity, Emory University, Republicans, Twitter, America Corporate America, ”, Disney, Nike, Companies, Florida Gov, America, Facebook, Corporate America, Dick’s Sporting Goods, Citigroup, Black, Fortune Locations: New York, America, Black, Cotton’s, Arkansas, Minneapolis, Emplifi, Parkland , Florida, El Paso , Texas, Dayton , Ohio

SummaryLaw Firms FTX founder allegedly misappropriated customer funds for European acquisitionFTX failed to find a buyer for the company in bankruptcy saleNEW YORK, July 13 (Reuters) - Bankrupt crypto exchange FTX sued insiders at FTX Europe AG late Wednesday, seeking to recover $323 million that FTX had invested in an ill-fated expansion into European crypto markets. After FTX filed for bankruptcy in November, it sought to sell FTX Europe, only to conclude that no buyer would offer meaningful value for the company, according to FTX. FTX acquired Digital Assets for nearly $400 million in three transactions in 2020 and 2021, hoping to obtain regulatory approvals and expand into European markets. FTX filed for bankruptcy protection in November, saying it was unable to completely repay customers who had deposited funds on its exchange. Prosecutors have charged Bankman-Fried, 31, with stealing billions of dollars in FTX customer funds to cover losses at its affiliated hedge fund Alameda Research.

Persons: FTX, Sam Bankman, Patrick Gruhn, Robin Matzke, Brandon Williams, Cosima Capital, Williams, Fried, Gruhn, Steven Holley, Stephen Ehrenberg, Brian Glueckstein, Christopher Dunne of Sullivan, Cromwell, Read, Clinton, Dietrich Knauth Organizations: FTX, AG, DA AG, Assets, Matzke, Gruhn, Prosecutors, Alameda Research, Trading, Bankruptcy, District of, Cromwell LLP, Thomson Locations: Zurich, Switzerland, Europe, Delaware, Matzke, Oregon, Alameda, U.S, District of Delaware

WASHINGTON, July 13 (Reuters) - A U.S. appeals court on the West Coast opened a docket on Thursday on the U.S. Federal Trade Commission's effort to overturn its loss trying to stop Microsoft (MSFT.O) from buying "Call of Duty" maker Activision (ATVI.O). A federal judge in California had ruled for Microsoft on Tuesday, saying the agency had failed to show the deal was illegal under antitrust law. The FTC said late on Wednesday that it would appeal that loss, and Microsoft has said it would fight that appeal. The docket was opened in the Ninth Circuit Court of Appeals and suggests the text of the FTC's appeal was forthcoming. After July 18, either company will be free to walk away from the deal unless they negotiate an extension.

Persons: Jacqueline Scott Corley, Diane Bartz, David Shepardson, Chizu Organizations: Coast, U.S . Federal Trade, Microsoft, Activision, FTC, Ninth Circuit, Biden, Thomson Locations: California, San Francisco

[1/2] Former U.S. President Donald Trump's White House chief strategist Steve Bannon attends his arraignment at the New York Criminal Courthouse in New York, U.S., September 8, 2022. Steven Hirsch/Pool via REUTERS/File PhotoJuly 12 (Reuters) - Steve Bannon and Michael Flynn, two allies of former U.S. President Donald Trump, must answer questions under oath in voting technology company Smartmatic's defamation lawsuit against right-wing media outlet Newsmax, court records showed on Wednesday. Florida-based Smartmatic served subpoenas on Bannon, who served as a White House strategist under Trump, and Flynn, who briefly served as national security adviser, on Wednesday, according to documents filed in Delaware state court. Bannon and Flynn representatives did not immediately respond to requests for comment, nor did Smartmatic and Newsmax. Bannon, an influential figure on the American right, worked on Trump's 2016 campaign and later in the White House.

Persons: Donald Trump's, Steve Bannon, Steven Hirsch, Michael Flynn, Donald Trump, Smartmatic, Bannon, Flynn, Joe Biden, Trump, Mike Pence, Jack Queen, Will Dunham Organizations: U.S, House, New, Criminal, Trump, Democratic, Fox, Fox News, Fox Corp, Dominion Voting Systems, Capitol, U.S ., Army, White House, FBI, Thomson Locations: New York, U.S, . Florida, Delaware, Russian, United States

(Reuters) - Two Georgia election workers suing Rudy Giuliani for defamation asked a U.S. judge on Tuesday to decide the lawsuit in their favor, arguing that the former New York mayor and personal lawyer for Donald Trump forfeited the case by allegedly failing to preserve important evidence. Lawyers for the pair asked a Washington, D.C. federal judge to levy “severe” sanctions against Giuliani, including a default judgment finding Giuliani liable for defamation. Attorneys for Giuliani and the election workers did not immediately return requests for comment. Ted Goodman, a political adviser to Giuliani, said the evidence requests were “deliberately overly burdensome” and sought information aimed at embarrassing and intimidating Giuliani. Lawyers for the election workers said in a court filing that those efforts collapsed after Giuliani did not agree.

Persons: Rudy Giuliani, Donald Trump, Moss, Ruby Freeman, Giuliani, Ted Goodman, Freeman, Beryl Howell, Andrew Goudsward Organizations: Reuters, New, U.S, District, Moss, Thomson Locations: Georgia, New York, Washington

☆ Maxine Waters responds to ESG backlash: We're going to fight back in order to save this planet
▼ + stars: | 2023-07-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaxine Waters responds to ESG backlash: We're going to fight back in order to save this planetRep. Maxine Waters (D-Calif.) joins, 'Squawk on the Street' to discuss Democrats fighting for ESG initiatives.

Persons: Maxine Waters Organizations: Rep

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Persons: Ally, Ally Invest's, Ally Invest, it's, It's, you'll, Roth, Charles Schwab, Schwab, Charles Schwab's, brokerages, Rickie Houston, Rickie, He's, Read, Elias Shaya, Elias, Tessa Campbell Organizations: Reading Chevron, Financial, Ally Invest, Better, Bureau, BBB, Financial Inc, Invest, IRS, Roth IRA, Investment, Vanguard, Fidelity, Finance, Schwab, Business, Boston Globe, Yahoo News, Boston University, Boston University News Service, CUNY College of, New York Presbyterian Hospital Locations: New York City, CUNY College of Staten Island, Lebanon

☆ Lawmakers tussle over GOP efforts to thwart ESG investing
▼ + stars: | 2023-07-12 | by ( Chelsey Cox | ) www.cnbc.com time to read: +4 min

WASHINGTON — House lawmakers clashed Wednesday over federally mandated environmental, social and governance disclosure requirements for companies rolled out amid concerns over growing climate disasters. The GOP majority committee members decried the disclosure rules as part of a broader push to discourage ESG investing nationwide. Democrats defended them as necessary to promote responsible investing to reduce inequities and curb climate change. "These politically motivated regulations not only discouraged private companies from going public but also hinder the competitiveness of American public companies." Democratic Rep. Maxine Waters, meanwhile, criticized Republicans' attempts to undermine what she called the federal government's responsibility to hold public companies accountable for ESG.

Persons: Patrick McHenry, Maxine Waters, David Marcus, Facebook’s Calibra, Biden, Waters, Gary Gensler, Joe Biden, Andy Barr, Benjamin Zycher, Zycher, Juan Vargas, Vargas Organizations: Financial, Consumers, Investors, American, WASHINGTON —, Republican, Financial Services, GOP, Securities and Exchange, SEC, Democratic, ESG, European Union, Labor Department, Republicans, American Enterprise Institute Locations: Washington , U.S, McHenry, R, Ky

[1/2] A general view of the Iowa state capitol in Des Moines, Iowa, U.S. February 3, 2020. Governor Kim Reynolds, a Republican, ordered the special legislative session after the Iowa Supreme Court on June 16 blocked a similar measure passed in 2018 from going into effect. The Midwestern state's highest court deadlocked in a 3-3 decision, leaving abortion legal in Iowa for up to 20 weeks of pregnancy. Fourteen states have banned most abortions since the U.S. Supreme Court in June 2022 overturned the landmark 1973 Roe v. Wade case and stripped away a nationwide right to abortion. The Iowa Faith and Freedom Coalition advocacy group has also asked its members to contact their lawmakers to support the bill.

Persons: Jonathan Ernst, Kim Reynolds, Roe, Wade, Sharon Bernstein, Colleen Jenkins, Jonathan Oatis Organizations: REUTERS, Republican, Midwestern, Supreme, Iowa, Freedom Coalition, Thomson Locations: Iowa, Des Moines , Iowa, U.S

☆ U.S. prosecutors probe ex-FTX executive Salame for campaign finance violations, Wall Street Journal reports
▼ + stars: | 2023-07-11 | by ( Shearman Real Estate Finance Partner Is Latest Exit As Merger Looms | Sara Merken | July | ) www.reuters.com time to read: +1 min

NEW YORK, July 11 (Reuters) - Former FTX cryptocurrency exchange executive Ryan Salame is under investigation by federal prosecutors for possible violations of campaign finance law, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Prosecutors are looking at money Salame gave his girlfriend, Michelle Bond, who ran unsuccessfully last year for the Republican nomination for a congressional seat in New York, as well as loans Bond made to her campaign, the Journal reported. A spokesman for the U.S. Attorney's office in Manhattan declined to comment. Neither Salame nor Bond has been accused of wrongdoing. Reporting by Luc Cohen in New York; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Ryan Salame, Salame, Michelle Bond, Bond, Sam Bankman, Luc Cohen, Chizu Organizations: YORK, Wall Street, Prosecutors, Republican, U.S, Thomson Locations: New York, Manhattan

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