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☆ US securities regulator 'disappointed' with defeat over Ripple's XRP
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +3 min

WASHINGTON, July 17 (Reuters) - The head of the U.S. securities regulator said Monday the agency was "disappointed" with a judge's recent ruling that Ripple Labs Inc did not violate federal securities laws in a major blow to its efforts to rein in the cryptocurrency sector. The SEC has sued a number of crypto firms in recent months, arguing that most crypto tokens are securities that should be registered with the agency. AI could also amplify the world financial system's interconnectedness, something for which current risk management models may not be prepared, Gensler said. "Many of the challenges to financial stability that AI may pose in the future ... will require new thinking on system-wide or macro-prudential policy interventions." Gensler's remarks echoed statements he has made in recent months on managing risks created by the use of AI in finance.

Persons: Gary Gensler, Gensler, Gensler's, We've, It's, Douglas Gillison, Andrea Shallal, Hannah Lang, Matthew Lewis, David Evans, Nick Zieminski Organizations: Ripple Labs, U.S . Securities, Exchange, SEC, prudential, Thomson Locations: cryptocurrency, U.S, Washington

☆ Former Celsius CEO arrested, company agrees to pay $4.7 billion settlement
▼ + stars: | 2023-07-13 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Former Celsius CEO Alex Mashinsky was arrested Thursday on federal securities fraud charges, a source told CNBC as the bankrupt crypto exchange agreed to pay a $4.7 billion settlement with government regulators. Federal prosecutors also charged Mashinsky with securities, commodities, and wire fraud, as well as various securities manipulation and fraud charges. Both the charging documents from New York federal prosecutors and the SEC complaint also describe Celsius' exchange token as a security. Earlier this year, New York prosecutors accused Mashinsky of orchestrating a $20 billion fraud against investors. CNBC previously reported on pervasive, yearslong issues that plagued the crypto exchange well before it filed for bankruptcy in 2022.

Persons: Alex Mashinsky, Roni Cohen, Pavon, Mashinsky Organizations: CNBC, SEC, Meta, FTC Locations: New York

☆ Former Pfizer employee charged with Covid drug insider trading
▼ + stars: | 2023-06-29 | by ( ) edition.cnn.com time to read: +1 min

CNN —The US Securities and Exchange Commission on Thursday charged a former Pfizer employee and his friend for trading on insider information regarding the success of the company’s trial for Paxlovid, its Covid antiviral drug. The US Attorney’s Office of the Southern District of New York also charged Amit Dagar, the former Pfizer employee, and his friend Atul Bhiwapurkar, in a separate case. “The charges in this case relate to the personal conduct of a former Pfizer employee in violation of the company’s policies. Shares of Pfizer rose nearly 11% on November 5, 2021, the day the company announced the results of the Paxlovid trial. Bhiwapurkar, 45, of Milpitas, California, has been charged with two counts of securities fraud and one count of conspiracy to commit securities fraud.

Persons: Amit Dagar, Atul Bhiwapurkar, ”, Dagar, Bhiwapurkar Organizations: CNN, US Securities and Exchange Commission, Pfizer, Paxlovid, US, Office, Southern, of, ” Pfizer, SEC Locations: of New York, Hillsborough , New Jersey, Milpitas , California

☆ Bitcoin price hits its highest level in a year
▼ + stars: | 2023-06-23 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

CNN —Bitcoin on Friday shot up to its highest level in about a year. The cryptocurrency rose above $31,400 a coin on Friday, its highest level since 2022, before paring back its gains. BlackRock last week applied to register a bitcoin spot exchange-traded fund, according to a US Securities and Exchange Commission filing. Crypto exchange EDX Markets, backed by firms such as Charles Schwab, Fidelity Digital Assets and Citadel, also launched its digital asset trading platform this week. The SEC earlier this month sued Coinbase, the US’s largest crypto exchange, alleging that it is acting as an unregistered broker.

Persons: CNN — Bitcoin, Bitcoin, Charles Schwab, Coinbase, bitcoin Organizations: CNN, Valley Bank, Signature Bank, BlackRock, US Securities and Exchange Commission, Fidelity Digital Assets, Citadel, SEC, Federal Locations: United States

☆ SolarWinds chief vows to fight any legal action from US regulators over alleged Russian hack
▼ + stars: | 2023-06-23 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +3 min

The US Securities and Exchange Commission has informed current and former SolarWinds executives that it intends to recommend “civil enforcement action” alleging the company broke federal securities laws in its public statements and “internal controls” related to the hack, SolarWinds said in a filing with regulators on Friday. The SEC notice is an indication that US regulators are moving closer to bringing a civil lawsuit against SolarWinds that could result in fines or other penalties. For several months in 2020, hackers used software made by SolarWinds and other technology firms to burrow into US government agencies and corporate victims in an apparent spying campaign. After the hack became public, US lawmakers demanded answers from federal cybersecurity officials on why the hackers were undetected for so long, as well as criticized SolarWinds for its security practices prior to the hack. But SolarWinds says it has instituted numerous security reforms in the years since the hack, and has pushed that message of reform in public appearance with federal officials.

Persons: SolarWinds, –, Biden, “, ”, Sudhakar Ramakrishna, SolarWinds “, ” Ramakrishna Organizations: CNN, US Securities and Exchange, Justice, Homeland Security, SEC Locations: Russian, ” Austin , Texas, Moscow

☆ BlackRock applied to launch a bitcoin fund. Then came the conspiracy theories.
▼ + stars: | 2023-06-21 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +5 min

Crypto influencers seized on BlackRock's application to launch a bitcoin exchange-traded fund. Some said it sends a bullish sign to the wider crypto market; others spread conspiracy theories. The attention underscores the relatively new scrutiny BlackRock faces in the mainstream. "So BlackRock, Citadel, Deutsche Bank and NASDAQ have all started to enter the crypto space in the last week. Citadel, BlackRock, Schwab JPMorgan…" (These tweets refer to Citadel, the hedge fund founded and led by billionaire Ken Griffin.

Persons: Crypto influencers, BlackRock, Matt Hougan, Michael Novogratz, Brian Armstrong, Morgan Chittum, permissioned blockchains, Fink, bitcoin, Crypto, They've, Schwab JPMorgan …, Ken Griffin, Griffin, That's, Rich Latour, Latour Organizations: BlackRock, Morning, US Securities and Exchange Commission, Coinbase, Bitwise Asset Management, Galaxy Digital, SEC, Citadel, Deutsche Bank, NASDAQ, Citadel Securities Locations: bitcoin, BlackRock, cryptoland

☆ Do Kwon: Crypto fugitive sentenced to four months in Montenegro prison
▼ + stars: | 2023-06-20 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Kwon Do-hyeong, also known as Do Kwon, the disgraced former crypto boss who is wanted in the United States and South Korea on fraud and other charges, has been sentenced to four months in prison in Montenegro. A court in the southern European country sentenced Do Kwon and another South Korean national, Han Chang-Joon, Monday to four months behind bars after they were found guilty of falsifying documents, a spokesperson for the Basic Court in Podgorica told CNN. According to Reuters, Han was previously the finance officer of Terraform Labs, a blockchain platform founded by Kwon. Authorities found and confiscated two Costa Rican passports, two Belgian passports and two identity cards from the former crypto executives. The court in Podgorica said Monday the sentence would be written and delivered to Kwon and Han within the following 30 days.

Persons: London CNN — Kwon, Kwon, Han Chang, Joon, Han, Luna Organizations: London CNN, Korean, CNN, Reuters, Terraform Labs, Authorities, Costa, Labs, US Securities and Exchange Commission, ” Prosecutors, Twitter Locations: United States, South Korea, Montenegro, Podgorica, Montenegro’s, Dubai, Costa Rican, Seoul, Serbia

☆ Binance, SEC reach agreement to keep US customer assets in country
▼ + stars: | 2023-06-18 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

The defendants, which include CEO Changpeng Zhao, agreed to repatriate assets held for the benefit of US customers. Binance Holdings officials, including Zhao, also will not be able to have control over these assets, the agreement said. The SEC on Saturday said it secured the emergency relief to protect US customer assets. “Given that Changpeng Zhao and Binance have control of the platforms’ customers’ assets and have been able to commingle customer assets or divert customer assets as they please, as we have alleged, these prohibitions are essential to protecting investor assets,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, adding the agreement ensures US customers can still withdraw their assets. The SEC asked a federal court to issue a temporary restraining order to freeze the US assets of Binance in early June, Reuters reported.

Persons: New York CNN — Binance, Changpeng Zhao, Zhao, ”, Gary Gensler, Gurbir, Grewal, Coinbase, Binance.US Organizations: New, New York CNN, US Securities and Exchange Commission, SEC, Binance Holdings, Reuters, CNN Locations: New York, United States, SEC’s

Kraken vs. Coinbase: The Biggest DifferencesCompare Kraken and Coinbase KrakenCoinbase Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. These levels determine which account features you can access, as well as represent the amount of documentation you provide when setting up your Kraken account. Kraken Account FeaturesIf you're an institution or an advanced trader, there's no shortage of services at Kraken. The standard Coinbase account includes crypto trading, Coinbase Earn, Coinbase Card (a Coinbase debit card), wallet services, and more. Coinbase and Kraken are both great cryptocurrency exchanges with large cryptocurrency selections, account features, NFT beta marketplaces, and more.

Persons: Coinbase, Min, webinars —, Kraken, Roth IRAs, Coinbase Waller, you'll Organizations: US Securities and Exchange Commission, SEC, Chevron, Coinbase, Trade, Pro, OTC, Better, Bureau, Inc, New York State Department of Financial Services, New, DFS, iOS Locations: New York, Washington

☆ Binance.US tells customers to withdraw their cash from the exchange as the SEC pursues its 'ideological' attack on the crypto industry
▼ + stars: | 2023-06-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Binance.US urged its customers to withdraw cash from the crypto exchange in a recent notice. The moves are part of an "ideological campaign" against the US crypto industry, Binance said. After June 13, Binance.US will become a crypto-only platform until it can find "more stable" banking partners, it said. "The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. Binance is facing 13 charges from the SEC, after being scrutinized by regulators for months over its compliance with US securities laws.

Persons: Binance.US, Binance, — Organizations: Service, Securities and Exchange, SEC Locations: American

☆ Premarket stocks: Main Street traders are taking big risks. They might not pay off
▼ + stars: | 2023-06-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

But Main Street isn’t listening. New data from TD Ameritrade shows that retail investors shrugged off US debt ceiling uncertainty and recessionary fears last month as they increased their exposure to markets. That index aggregates Main Street investor positions and activity to measure how they’re positioned in the market. Retail investors also piled out of AI and tech stocks as the sectors surged in May, opting instead to put their money into riskier bets. But these trades are risky and while an institutional investor might lose their job for making a big mistake, a Main Street trader could lose their shirt.

Persons: New York CNN — “, recessionary, Dow, they’ve, Alex Coffey, Ameritrade, “, ”, Coffey, Binance, Changpeng Zhao, Zhao, Gary Gensler, Hanna Ziady, Willie Walsh, ” Walsh, Walsh Organizations: CNN Business, Bell, New York CNN, Federal Reserve, First Republic Bank, Nasdaq, Research, CNN, PayPal, Disney, Coffey Retail, US Securities and Exchange Commission, SEC, Global, International Air Transport Association, Airlines Locations: New York, USA, bro

☆ Binance hit by outflows of $790 million in last 24 hours, data shows
▼ + stars: | 2023-06-06 | by ( ) edition.cnn.com time to read: +2 min

Investors have pulled around $790 million from the crypto exchange Binance and its US affiliate in the last 24 hours, data firm Nansen said Tuesday, a day after a top US regulator sued both exchanges. Binance saw net outflows of $778.6 million of crypto tokens on the ethereum blockchain, with its US affiliate, Binance.US, registering net outflows of $13 million, Nansen tweeted. The US Securities and Exchange Commission on Monday sued Binance, its CEO Changpeng Zhao and the operator of Binance.US over what it called a “web of deception” to evade US laws. The world’s biggest cryptocurrency was last at $25,723, flat on the day but pinned near a more than two-month low. The SEC complaint is the latest in a series of legal headaches for Binance.

Persons: Nansen, Binance, Changpeng Zhao, “, ”, Tony Sycamore, Binance’s BNB cryptocurrency, Zhao Organizations: Binance.US, US Securities and Exchange Commission, Monday, SEC, Reuters, IG Markets, US, Futures Trading Commission

☆ Here are Tuesday's biggest analyst calls of the day: Tesla, Apple, FedEx, Adobe, AT&T, Coinbase and more
▼ + stars: | 2023-06-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America upgrades McCormick to buy from underperform Bank of America said it sees an improved cost outlook for McCormick. "Our prior Underperform rating was predicated on negative revision risk to revenues and margins. Bank of America upgrades Molson Coors to neutral from underperform Bank of America said Molson is poised for share gains after the Bud controversy. Bank of America upgrades Cigna to buy from neutral Bank of America said it sees an attractive risk/reward outlook for the stock. Piper Sandler reiterates Tesla as overweight Piper said Tesla shares aren't cheap but is standing by its overweight rating.

Persons: D.A, Davidson, Goldman Sachs, it's, We're, McCormick, Molson, Bud, MoffettNathanson, JPMorgan Chase downgrades Cabot, JPMorgan Chase, Cabot, Morgan Stanley, AMCX, Piper Sandler, Tesla, Piper, Mizuho, Coinbase, … Organizations: . Deutsche Bank, Shell Deutsche Bank, Shell, Apple, Holdings, Bank of America, underperform Bank of America, Molson Coors, Bud Light, Barclays, Adobe, " Bank of America, of America, JPMorgan, FedEx, UPS, RBC, AMC Networks, UW, U.S . Securities, Exchange, SEC, Binance Locations: Washington, Americas, China

☆ 10 Things in Tech: Hello, Apple Vision Pro
▼ + stars: | 2023-06-06 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

The Nerd Helmet, as coined by The Wall Street Journal's Joanna Stern, has arrived! Apple on Monday unveiled its first hardware release in almost a decade: The $3,499 Vision Pro mixed-reality headset. But while Meta has aimed to make VR/AR affordable for the masses, with limited success, Apple is squarely aiming the Vision Pro at early adopters and developers. Apple's Vision Pro headset has an exterior "EyeSight" display to make your eyes visible to others around you. Say hello to the Vision Pro.

Persons: Lara O'Reilly, Joanna Stern, Apple, Let's, Tim Cook, Bob Iger, Elizabeth Holmes, Justin Sullivan, Linda Yaccarino, Elon Musk, Sam Altman, Altman, OpenAI, Binance, Changpeng Zhao, Bernstein, Hollywood's, Roy Rochlin, Craig Federghi, Jack Sommers Organizations: Apple, Meta, Apple's Worldwide, Conference, Vision, Getty, Twitter, Venture, Sequoia, US Securities and Exchange Commission, Alliance, Producers, Hollywood, New York Stock Exchange, Wall, nab, Wall Street Locations: London, ChatGPT

☆ SEC sues Coinbase, calling it an unregistered crypto broker
▼ + stars: | 2023-06-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

On Tuesday, the US Securities and Exchange Commission sued Coinbase, America’s largest crypto exchange, for allegedly acting as an unregistered broker. “Since at least 2019, Coinbase has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities,” the SEC said in a press release. The Coinbase lawsuit comes on the heels of a similar SEC complaint against Binance, which is by far the world’s biggest crypto exchange. Since then, digital asset prices have tanked and regulators have stepped up their scrutiny of the industry. “It should get crypto closer to final rules of the road regardless of how the judge rules.”

Persons: Coinbase, “ Coinbase, ”, “, Binance, Nansen, Cowen Organizations: New, New York CNN, US Securities and Exchange Commission, Binance, SEC, CNN, Binance.US Locations: New York

☆ Crypto crackdown: Is there anywhere safe left for crypto investors in the US?
▼ + stars: | 2023-06-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

“Look, we don’t need more digital currency,” Gensler told CNBC on Tuesday. “We already have digital currency: It’s called the US dollar. Many crypto investors appear to be abandoning so-called “alt-coins” and sticking with the relatively more reliable OG virtual currency, wrote Ed Moya, a senior market analyst with Oanda. Bottom line: “The SEC looks like it is playing Whac-A-Mole with crypto exchanges,” Moya wrote. Because of that, crypto investors will have to decide whether they are confident that the offerings on various exchanges will remain available to trade.

Persons: CNN Business ’, Binance, ”, Matt Levine, I’ll, Coinbase, Brian Armstrong, Gary Gensler, ” Gensler, “, It’s, Crypto, TD Cowen, Reena Aggarwal, Aggarwal, bitcoin, Ed Moya, ” Moya, —, you’ll Organizations: CNN Business, New York CNN, Securities and Exchange Commission, SEC, CNBC, Georgetown, Psaros, Financial Markets, Chicago Mercantile Exchange, Oanda Locations: New York, United States, “, cryptos

☆ The SEC is suing Binance and CEO Changpeng Zhao for violating securities regulation
▼ + stars: | 2023-06-05 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

The SEC is suing Binance and its CEO, Changpeng Zhao. The SEC alleged that Binance diverted customers' funds to a trading firm called Sigma Chain that was under Zhao's control. The regulator also said Sigma Chain conducted fraudulent trades to artificially inflate Binance's volume. In February, the Journal reported the SEC was looking into the relationship between the US arm of Binance and two trading firms with ties to Zhao. One area of the investigation's focus was how Binance.US disclosed to customers its links to the trading firms, the report said.

Persons: Binance, Changpeng Zhao, Zhao, —, Binance's Zhao Organizations: SEC, WSJ, Service, US Securities and Exchange Commission, Monday, Street Journal, Sigma, Sigma Chain, District of Columbia, Commodities Futures, Trading Commission, Palestinian, Justice Department, Washington Post, Western, of, Reuters Locations: District, Binance.US, Russian, of Washington, Seattle

☆ Coinbase falls 10% after the SEC sues rival crypto exchange Binance for violating securities law
▼ + stars: | 2023-06-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Coinbase stock fell 10% on Monday after the SEC sued Binance for violating securities rules. Coinbase is currently under SEC investigation and could face an enforcement action tied to its listings of potential unregistered securities. The SEC accused Binance of breaking the law by offering unregistered securities to the general public, including its BNB token and BUSD stable coin. The debate is whether cryptocurrencies are in fact securities, which the SEC has argued yes, they are, while crypto firms like Coinbase have argued the opposite. Coinbase offers its own stablecoin that is listed on its exchange and was not registered with the SEC, and the company also offers its own staking platform, two things the SEC just sued Binance for offering.

Persons: Binance, Coinbase, Bitcoin, —, Changpeng Zhao, Sam Bankman Fried's, shockwaves Organizations: SEC, Service, US Securities and Exchange Commission, Binance, Coinbase

☆ The SEC is going after Binance, and there's one quote from the complaint that's going to be legendary
▼ + stars: | 2023-06-05 | by ( Matt Turner | ) www.businessinsider.com time to read: +2 min

The SEC is accusing Binance and CEO Changpeng Zhao of violating securities laws. The SEC complaint is a doozy. Binance's CCO is quoted as saying: 'We are operating as a fking unlicensed securities exchange in the USA bro.' The US Securities and Exchange Commission (SEC) on Monday filed a complaint against the world's largest cryptocurrency exchange. The summary opens:This case arises from Defendants' blatant disregard of the federal securities laws and the investor and market protections these laws provide.

Persons: Binance, Changpeng Zhao, CCO, Matt Levine, I'm, Zhao, Binance's CCO, Joe Weisenthal Organizations: SEC, US Securities and Exchange Commission, Twitter, Bloomberg Locations: USA

☆ Shein partners with Reliance in major India comeback
▼ + stars: | 2023-05-26 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Shein is plotting a major comeback in India, nearly three years after it was booted out of the country. The fast fashion giant is partnering with the retail arm of Mukesh Ambani’s Reliance Industries, a Shein spokesperson confirmed Friday. “We can confirm Shein’s partnership with Reliance Retail and have no additional comment at this time,” a Shein spokesperson said. A powerful partnerIts new partnership with Reliance Retail, which bills itself as the country’s largest retailer, could be a game-changer. Shein has said it doesn’t have any suppliers in the Xinjiang region, and it has zero tolerance for forced labor.

Persons: Hong Kong CNN — Shein, Mukesh Ambani’s, Shein, Bain, “, Sania Farooqui Organizations: Hong Kong CNN, Industries, Wall Street, Financial Times, Reliance, Reliance Retail, Burberry, Apple, US Securities and Exchange Commission Locations: Hong Kong, India, Zara, China, Singapore, ”, Washington, Xinjiang, New Delhi

☆ Exxon settles Indonesia torture case that led to SEC official’s ouster
▼ + stars: | 2023-05-16 | by ( ) edition.cnn.com time to read: +2 min

Reuters —Exxon Mobil on Monday settled a long-running human rights lawsuit with villagers who claimed soldiers Exxon hired to guard a natural gas facility in Indonesia committed murder and torture. The two sides said in a Washington, DC federal court filing that they had resolved the 2001 case. Agnieszka Fryszman, a lawyer for the Indonesian villagers at law firm Cohen Milstein Sellers & Toll, said the terms are confidential. The lawsuit also sought to hold Exxon accountable for alleged atrocities committed by the soldiers. Oh, who did not return to the law firm after her SEC resignation, did not immediately respond to a request for comment.

☆ A drug company abandoned a treatment for ‘bubble boy disease.’ After a 5-year fight, this little girl is about to get it
▼ + stars: | 2023-04-27 | by ( Elizabeth Cohen Lauren Mascarenhas | Elizabeth Cohen | Lauren Mascarenhas | ) edition.cnn.com time to read: +29 min

The Sulacks weighed their options: Have a transplant with a match that was less than ideal – far less – or wait for gene therapy to become available. The news release didn’t say anything else about the SCID gene therapy. Or was the company abandoning its plans for SCID gene therapy altogether? In February, 2021, the parents of more than 20 children who were waiting for the gene therapy treatment, including the Sulacks, wrote a letter to Gaspar. Insurance companies have sometimes balked at paying for gene therapy, which is typically given in one treatment.

☆ US-China tensions pose big economic risks because the 2 superpowers are more codependent than ever before, former SEC chief Jay Clayton says
▼ + stars: | 2023-04-21 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Former SEC chief Jay Clayton said the US and China have become increasingly codependent in recent years. If tensions rise between the two superpowers, it could pose huge risks for both economies, he told CNBC. "We are deeply embedded in China... That means that any kind of sharp pullback is going to have significant economic consequences." "Our largest, most important global company has that kind of co-dependency with China," Clayton said on Friday. That means that any kind of sharp pullback is going to have significant economic consequences," Clayton said, adding that a "pivot has to come."

☆ Goldman Sachs was fined $3 million after it mixed up millions of 'short' sale orders as 'long.' The culprit was one missing line of code.
▼ + stars: | 2023-04-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Finra fined Goldman Sachs $3 million for mixing up 60 million short sale orders. Goldman Sachs had mismarked "short" sales orders totaling more than 14 billion shares as "long" sales orders between October 2015 and April 2018, per the filing, which was signed by both, Finra and the investment banking giant. Of the 60 million incorrectly marked orders, Goldman Sachs executed nearly eight million, Finra said. Further, Goldman's mismarked orders led to 12,335 short orders being executed while a short-sale circuit breaker was in place, per the filing. Insider was unable to reach Goldman Sachs via phone lines outside regular business hours.

☆ Bed Bath & Beyond's ousted CEO says he's not to blame for the company's failed turnaround and demands his $6.7 million severance
▼ + stars: | 2023-04-03 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Former Bed Bath & Beyond CEO Mark Tritton is suing the company, alleging non-payment of his severance agreement. Bed Bath & Beyond said Thursday it needs to raise up to $300 million in new funding to avoid bankruptcy. A representative for Bed Bath & Beyond told Insider the company does not comment on legal matters. One of Bed Bath & Beyond's biggest problems in 2019, the suit says, was its failure to have a serious private-label strategy and Tritton was specifically hired to give it one. If you are a current or former employee of Bed Bath & Beyond or Harmon who would like to share your story, please get in touch with Dominick via email.

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