By Mike Johnson

Trading

JPMorgan Chase Settles Nearly $1B for Spoofing Allegations

September 29, 2020

JPMorgan Chase agreed to settle investigations into its trading practices by US authorities, as stipulated by three unnamed people with knowledge in the matter cited by Bloomberg. The investment bank accepted a record $920 million penalty for its manipulation tactics in trading metal futures and treasury securities. The Most Expensive Spoofing to Date Market manipulation […]

By Julie Moraine

Trading

Regulators Need Help to Understand Crypto, Says Rep. Emmer

August 22, 2020

Representative Tom Emmer has stated that Ripple is not a security and that it deserves regulatory clarity from SEC. In the meantime, Emmer is convinced that industry experts should continue to educate lawmakers on the good blockchain and crypto can bring on. Ripple Deserve Regulatory Clarity Says Rep. Tom Emmer Should the Securities and Exchange […]

By Mike Johnson

Trading

Saudi Arabia Boosts ETFs, Drops Shares in Boeing, Facebook, and Disney

August 17, 2020

The Public Investment Fund of Saudi Arabia continued to diversify its investment portfolio away from oil and fuel energy in Q2, 2020, the latest SEC filing has revealed. Saudi’s Public Investment Fund Continues to Diversify Portfolio Saudi Arabia’s investment arm, the sovereign wealth-fund, has begun thinning some of its investments in the world’s biggest companies. […]

By Julie Moraine

Trading

S&P 500 Boosted by Fiscal Stimulus in China

August 17, 2020

US markets rallied Monday after the decision from China’s central bank to introduce new stimulus measures. Investors considered the more accommodative monetary policy stance from China’s government, while keeping track of the continued virus risk in the US. Earlier, the People’s Bank of China injected 700 billion yuan ($101 billion) of extra liquidity into the […]