Refinitiv, the data and trading provider owned by London Stock Exchange Group (LSEG), suffered a five-hour outage on Thursday (April 8) that took some of its popular services offline, Financial Times reported. Some of its 400,000 global users worldwide felt the brunt of the outrage....
About 300 special purpose acquisition companies (SPACs) launched during the first three months of 2021 could theoretically net investors big bucks, Bloomberg reported on Monday (April 5). Underwater SPACs are trading below their public offering and will face liquidation deadlines if they do not make any...
Welcome to GameStop on Capitol Hill, round two. Maxine Waters, the chairwoman of the House Financial Services Committee, told the gathering Wednesday morning (March 17) that this second go-round would be absent some of the celebs made by the Game Stop trading controversy like Vlad...
Your favorite celebrities? Follow them on Insta. Follow them on TikTok. Just don’t follow them into SPACs. This week the Securities and Exchange Commission put out a warning geared specifically toward special purpose acquisition companies (SPACs) that are touted by celebrities. It’s a warning couched in an “investor...
Costs related to the integration of Refinitiv and the London Stock Exchange Group (LSEG) likely “spooked” analysts, causing shares to fall Friday morning (March 5), despite an increase in profits and revenue, Reuters reported. LSEG acquired the data and analytics company Refinitiv in January for...
The U.S. House Committee on Financial Services will hold a second hearing on the Wall Street trading debacle that involved GameStop, Reddit, Robinhood and hedge fund traders, Crowdfund Insider reported on Friday (Feb. 26). The virtual hearing will take place on March 17 and final details...
To settle probes into its options trading processes and the downtime that its equity trading app faced last year, Robinhood Markets Inc. is in discussions to pay a financial penalty, The Wall Street Journal reported, citing a securities document. The Financial Industry Regulatory Authority (FINRA),...
Robinhood CEO Vlad Tenev grew up in Washington, D.C. On Thursday (Feb. 18), the Silicon Valley executive at the heart of the biggest stock market crisis since 2008 returned home to face the U.S. House of Representatives Committee on Financial Services and its chairwoman, Rep. Maxine...
The trading frenzy that saw unexpected surges in GameStop, AMC and other stocks got the attention of federal regulators who are now investigating the rally for market manipulation or other misconduct, The Wall Street Journal reported on Tuesday (Feb. 11), citing sources. Companies involved in...
