26 Burst results for "Market Manipulation"

JPMorgan Chase Fined $920 Million By US Over Market Manipulation

10 10 WINS 24 Hour News

00:38 sec | 2 months ago

JPMorgan Chase Fined $920 Million By US Over Market Manipulation

"Biggest bank, has been fined for manipulating the market's correspondent Aaron Carter SKI With that story, he Morgan Chase agreed to pay $920 million to resolve investigations into market manipulation through spoofing its traders placed hundreds of thousands of buy and sell orders on the New York Mercantile Exchange, the commodity exchange in the Chicago Board of Trade that the bank never intended to execute Spoof orders sent false signals of supply and demand that regulators said deceive the marketplace and manipulated prices. J. P. Morgan Chase entered into separate agreements with federal prosecutors in Connecticut and the Securities and Exchange Commission to resolve a scheme that ran for eight years. Along

J. P. Morgan Chase New York Mercantile Exchange Securities And Exchange Commis Market Manipulation Aaron Carter Chicago Board Of Trade Connecticut
Shipt gig workers boycott new pay algorithm

Marketplace Tech with Molly Wood

03:05 min | 5 months ago

Shipt gig workers boycott new pay algorithm

"If. You're hoping to get shopping delivered via shipped today. You might be out of luck. Shift which is owned by target pays GIG economy workers to deliver goods from brick and mortar stores to consumer's homes around the country. Those workers on staff, so they don't get salary or hourly wage. They're paid by the job. Now shipped is planning to expand its use of an algorithm to determine how much they'll get. It'll take into account. A bunch of factors like how busiest store is and how bad traffic is, but the calculation is paic and workers would like more transparency. They believe they'll end up with less than the commission that they currently get. Meghan mcardle Carino covers workplace culture for us here at marketplace. Generally you know these kinds of gig jobs are piecework. Where workers are paid by the outcome, and not for their time now in quarantine, some of the relationships in that have kind of gotten a little wonky, because say a shopper gets an order, and they spend a bunch of time looking for all the items, and they're all sold out. They wouldn't get compensation for all that extra time, so there are ways in which kind of changing the compensation model for this type of gave work might make sense under the current circumstances and maybe be a bit more fair. But I know you've been reporting this out and talking to a lot of gig workers, and it does seem like in general these algorithms when they're changed and up giving workers less money, not more, or at least that's the perception right? There's definitely that perception I know shipped. Workers have complained that they have piloted the system in some cities, and they say that pay went down by as much as thirty percent in some cases and. And a lot of gig workers for other platforms say that companies just use these algorithms as a way to cut pay without saying that they're actually cutting pay. There's no real way to kind of verify these things pro because they're what's called a black box algorithm. The becomes really difficult to have any predictability around. You know what your wages are going to be for a day or for a week or how much time you should. Count on spending doing the work. With. Hate them so much. Why do the companies say than necessary? There's a kind of complicated market manipulation that these APPs are trying to do. They want to keep. As many workers logged into the APPS as possible so that when you? Order A new. Or you know order INSTA- cart that you have access to as many workers as possible to fill that order as quickly as possible, but also minimize the cost of labor, and so there's this kind of delicate dance that the algorithms perform to try to kind of create market efficiencies and match labor with demand at the minimal cost to generate profits for these APPs.

Meghan Mcardle Carino Gig Economy Market Manipulation Target
U.S. task force to tackle coronavirus market manipulation, hoarding

BBC World Service

00:45 sec | 9 months ago

U.S. task force to tackle coronavirus market manipulation, hoarding

"The justice department is setting up a task force to deal with hoarding and price gouging of supplies needed to cope with the corona virus pandemic more from NPR's Ryan Lucas Attorney General William Barr says in a memo that the justice department has received reports of people hoarding vital medical items to make huge profits that has a cost to public health hoarding and price gouging he says make it harder to save lives and mitigate the spread of covert nineteen bar says the department will not tolerate bad actors who treat the crisis as an opportunity to get rich quick to combat the problem the department is creating a task force to address market manipulation and price gouging it will be led by the U. S. attorney in New Jersey Craig Carpenito to coordinate the investigation and prosecution of these activities nationwide Ryan Lucas NPR news

NPR William Barr Justice Department Market Manipulation Attorney Craig Carpenito Ryan Lucas New Jersey Ryan Lucas Npr
Prosecutors Charge VW Leaders with Stock Market Manipulation

Business Wars Daily

04:45 min | 1 year ago

Prosecutors Charge VW Leaders with Stock Market Manipulation

"Uh-huh. Prom wondering I'm David Brown and this is business wars daily. It's another Monday friends how you doing well hopefully better than the CEO and chairman of Volkswagen German prosecutors have charged chief executive officer Ds and Chairman hans-peter Putsch wjr with attempting to manipulate the stock market prosecutors say that in two thousand fifteen these two executives as well as former w CEO Martin winterkorn hid from shareholders the knowledge that the US was investigating the company for cheating on diesel emissions in so doing the three. VW leaders falsely propped up the company's share price according according to prosecutors they've also indicted former CEO winterkorn. If you're hazy on the details let me remind you where all this started back in September number of two thousand fifteen the US Environmental Protection Agency announced it had been investigating Volkswagen for installing software that made the vehicles falsely pass emissions tests tests on the road there diesel emissions were far higher than regulators allowed the cheating affected. Some eleven million vehicles and their drivers consumer boomer had believed. VW's claims that their cars were environmentally friendly. German prosecutors say the three charged executives knew of the US investigation months months before the EPA September Twenty fifteen announcement. They say that the VW leaders should have disclosed the US investigation to shareholders in the spring under the German law. It's a crime not disclose major financial risks to shareholders. BWI share price plummeted forty percent when the news broke today the scandal has cost the company more than thirty billion dollars in penalties CNN reports Volkswagen also owns Audi Bentley Bugatti Lamborghini and Porsche Porsche. Some Audi and Porsche models were among those rigged with the emissions cheating software. Volkswagen has been attempting to overhaul it sullied image and transform itself itself into a clean climate-friendly car company. It's been developing a new fleet of all electric vehicles under the model name ide- Three in Europe along with the forthcoming idea eighty four in America the VW's are intended to be sold at moderate prices to middle income drivers but these new changes make it harder for the automaker to put the scandal. Oh behind it. Furthermore shareholders have sued for damages of more than ten billion dollars. Volkswagen and its executives say the charges have no merit and both the the CEO and the chairman will keep their jobs according to the New York Times this means VW leaders will be defending themselves against criminal charges at a crucial time time just as the company is trying to transform itself if convicted all three men could face prison time former CEO. Martin winterkorn is already facing fraud odd charges stemming from the emissions cheating itself. It wouldn't be hard to imagine that the scandal would be a boon to rival German automakers however Diamond Daimler Benz maker of the Mercedes Benz is also under a diesel tainted cloud last week. It agreed to pay a fine of close to a billion dollars for selling over polluting putting diesel cars German authorities found the digne-les-bains had installed emissions cheating software similar to that used by Volkswagen into about two hundred eighty thousand Mercedes Benz ends vehicles the US Department of Justice continues to investigate the full extent of daimler-benz deception in the US Fiat. Chrysler is also under investigation nation for rigging diesel emissions tests last Tuesday the same day. daimler-benz's fine came to light. US prosecutors charged Fiat executive with several crimes they include include wire fraud and violations of the Clean Air Act at a time when most automakers are trying to develop electric vehicles in an effort to reach is zero emissions future last week's charges. Call emissions claims from several companies into question. It's not just a cloud of diesel fumes. We all need to worry about more and more cloud of suspicion from wondering this is business workday. Hey listen if you like our show. Take a second and give us a five star rating Andrew Review favorite task. It really helps new listeners talk show and for that. I'm David Brown back with you tomorrow

Volkswagen United States CEO Us Environmental Protection Ag Martin Winterkorn David Brown Chairman Audi Benz Us Department Of Justice Daimler-Benz Chief Executive Officer Porsche Europe New York Times Chrysler Fiat Diamond Daimler
Germany charges VW executives with market manipulation

Morning Show with Sean and Frank

00:13 sec | 1 year ago

Germany charges VW executives with market manipulation

"Volkswagen's chief executive and chairman and its former CEO are all facing criminal charges of market manipulation in Germany prosecutors say the executives knew about the diesel emissions scandal with delayed telling

Volkswagen Chief Executive Chairman CEO Market Manipulation Germany
Dow industrials finish up 100 points as Walmart gains

Newsradio 950 WWJ 24 Hour News

00:51 sec | 1 year ago

Dow industrials finish up 100 points as Walmart gains

"It was an up and down day for stocks the Dow Jones industrials up by as much as a hundred sixty points down by as many as one thirty nine finishing up one hundred points for the day on the plus side Walmart posted solid quarterly earnings gaining six percent and July retail sales rose seven tenths of a percent the most in four months on a surgeon online purchases all of that offering some comfort for the economic growth picture amid those increasing recession fears there were some negatives General Electric plunging eleven percent after Harry Markopoulos a prominent financial analyst accused the company of an accounting fraud G. E. C. O. Larry called denied those claims calling them market manipulation pure and simple rite aid was down for a fifth straight session during which it has lost thirty percent for the day the Dow up a hundred points twenty five thousand five seventy nine the clothes S. and P. five hundred up a quarter percent the nasdaq down a tenth of a

Walmart Harry Markopoulos Financial Analyst G. E. C. O. Larry Market Manipulation Fraud Eleven Percent Thirty Percent Four Months Six Percent
S&P 500, Dow gain as upbeat retail sales offset recession fears

Bloomberg Businessweek

00:41 sec | 1 year ago

S&P 500, Dow gain as upbeat retail sales offset recession fears

"With the US China trade war and growing recession worries in the backdrop it was an up and down day for stocks with the Dow Jones industrials up as much as a hundred sixty points and down as much as a hundred thirty nine on the plus side Walmart posted solid quarterly earnings gaining six percent and July retail sales rose seven tenths of a percent the most in four months on a surgeon online purchases offering some comfort for the economic growth picture amid increasing concerns there were also some negatives General Electric plunging eleven percent after Harry Markopoulos a prominent financial analyst working with the short seller accuse the company of an accounting fraud G. E. CEO Larry called denied the claims calling them market manipulation pure and

United States Walmart Harry Markopoulos Financial Analyst Fraud Market Manipulation China G. E. Ceo Larry Eleven Percent Four Months Six Percent
Who protects you from making a bad purchase... on your smart speaker?

Marketplace Tech with Molly Wood

06:30 min | 1 year ago

Who protects you from making a bad purchase... on your smart speaker?

"Tech. This. Marketplace podcast is brought to you by ultimate software dedicated to putting people first with innovative solutions for HR payroll and talent management. Learn more at ultimate software dot com. Ultimate software people first and by WordPress. Build a website that can turn your dreams into a reality with WordPress dot com with powerful site. Building tools thousands of themes in twenty four seven support from real experts. wordpresScom lets you launch a site that's free to start and his built to grow. With you. Go to WordPress dot com slash APM. For fifteen percent off any new plan purchase. That's WordPress dot com slash APM. Who's going to protect you from making a bad purchase from your smart speaker from American public media. This is marketplace tech demystifying the digital economy. I'm Ali would. When we talk about the internet of things and a houseful of smart, speakers and fridges and TV's we focus a lot on privacy. But these devices are also for shopping like in this Amazon, add Alexa. What are your deal? I have several exclusive deals including Linda chocolate deluxe gift box. Would you like to buy it? Yes, that means commerce is coming inside the house kind of like an army of door to door, salesmen, offering encyclopedias or vacuum cleaners and actually some experts say that's a good model for how to regulate a future filled with smart shopping and potentially dumb decisions law. Professor Ryan Kahlo has studied digital market manipulation. He says back in the nineteen seventies. The Federal Trade Commission created new rules to deal with the door to door situation. The idea was a kind of nineteen fifties notion that women were at home. Tending to the house in their curlers. And all of a sudden, some sweet talking salesperson would come to the door and sell them a bunch of encyclopedias. A special introductory offer. Madame Calas says the FTC decided that when you're at home, you deserve more protections than when you're actively going to a store and seeking out commerce the commission decided that if you're going to be sewing stuff to people door to door you had to follow certain rules. You had to have certain disclosures. You had to have a cooling off period, meaning a window when you can cancel an order and in nineteen seventy eight the supreme court upheld restrictions on soliciting clients in person or in their homes. Here's Justice Lewis Powell in an opinion announcement the state has a strong interest in protecting the public from the aspects of solicitation that actually involve fraud undue influence, overreaching and other phones vexatious conduct. Okay. But what about when that potentially vexatious conduct comes from a smart speaker like say, Google, okay? Google talked to WalMart at or. Juice to my cart. Hi lyn. I can get you Tropicana, orange juice for five dollars and eighteen cents. Ryan Kahlo says the salesman now are inside the house were interacting with technology that we bring into our houses as though we were interacting inter personally, we have this new world in which corporations can reach us anytime and practically anywhere, and yet we're not even talking about whether the rule should be different. The FTC has sued some companies, including the smart TV maker vizo under a decades old statute around unfair and deceptive practices, but the agency told us it needs more power many show Matale is an associate director at the FTC's division of privacy and identity protection under our general ability to prohibit unfair deceptive practices. We do not have rulemaking authority. So we have recommended that congress pass a specific law on general privacy, and then gives us rulemaking authority to establish rules. That more clearly identify what practices are unlawful so far a few states like California and Oregon have passed laws that govern security around the internet of things but commerce protections. Haven't yet been part of the conversation. And now for some related links pity the poor FTC in some ways, the agency only has forty people working fulltime on privacy and data security issues. And we have to assume that all forty of them are probably trying to deal with the Facebook situation. Earlier this month, actually, FTC chairman Joseph Simmons road to congress to ask for more resources for policing tech companies. He said the UK information Commissioner's office has about five hundred employees and the Irish data protection. Commissioner has one hundred and ten you can find that story on our website. Marketplace tech dot org now between the lack of resources lack of thority and a general trend in this country of not really punishing big companies for bad behavior. Even when the FTC has sued companies for privacy or data security practices almost all of those actions over the last ten years have ended with settlements and not fines or penalties the general accountability office put out. Report in February of this year, saying the FTC has investigated one hundred and one data privacy violations since two thousand nine and the only time it had the power to issue. A fine was when there was already a settlement agreement in place that is you may recall the situation with Facebook right now it reached a settlement with the FTC in twenty eleven when the agency accused it of deceiving users by failing to keep its privacy promises where we heard that before. Right. The FTC couldn't find Facebook back then. But if it decides to now, it could find the company forty thousand dollars per user per day for every day, the company might have violated the agreement now in theory that could actually add up to a lot more than Facebook's own estimates last week that it might be fined three billion to five billion dollars. But the New York Times reported Friday that the FTC hasn't even agreed on whether to do that it is under resourced. Yes. But the agency has an. Strapped on a superhero. Cape when it comes to privacy, whatever it was adventures weekend. I'm Ali would. And that's marketplace

Federal Trade Commission Facebook FTC Ryan Kahlo ALI Google New York Times Congress Madame Calas Commissioner UK Justice Lewis Powell Alexa LYN Professor Amazon Joseph Simmons California Market Manipulation
"market manipulation" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:51 min | 2 years ago

"market manipulation" Discussed on Bloomberg Radio New York

"Elon, Musk sent shockwaves through Wall Street the automotive industry and the tech world, when he tweeted on August seventh and he was considering, taking tesla. Private, then last Friday August twenty fourth he put an end to the whirlwind that ensued in a blog post where he said. That he would keep tesla public joining me is Peter Henning former federal prosecutor and professor at. Wayne State university law school Peter what do you make of the unraveling of the go. Private plan in about eighteen days I don't think there was that much of a chance that he would take tests for private given the the kinds of companies that we've seen who are taken private have positive. Cash, flow and a, growing business now Tesla's businesses growing but it has been burning through cash, over the last couple of years and it can't even seem to hit. Some of their targets for, production so was a likely possibility even though Oh musk said that he could have gotten the funding for, it I really think it was doubtful depth going private was ever really, going to happen the SEC is investigating tesla and must, going private. Tweet, plus other things will this decision not to go private have any effect on the SEC investigation it may have some small. Effect in that the urgency of the investigation likely is going to be dialed back Tesla's not. Going to be taken private and so there would be a number of fundraising issues related. To that but it certainly doesn't end it because the impact of his initial tweet back on August seventh throughout the stock price up a little over ten percent and you had a number of investors that day. Who, were trading on, the basis that statement specifically the funding secured statement that he had there, which indicates that the going private was pretty much a done deal so. I don't think the FCC is going To say well never mind to quote, Emily l'hotel from long ago that it you don't get a do over on this when, you, put that kind of information out and it has that, kind of an effect on the market and certainly guiding the stock price up ten percent is a significant effect you worked on market manipulation cases, while you were an attorney at the SEC so is this likely. To end in a fine or something more Well it's, a good question I mean the, SEC could pass. On it or there are ways. For the SEC to send a signal for example they could issue a. Report of investigation criticizing the company if the SEC were. To pursue an enforcement action proving market manipulation, is difficult because, you have to, prove that the defendants purpose was to affect the market price and I suspect mosque in his, lawyers could offer any number of reasons he made the statement one of which he talked about which was transparency I, just, wanna let shareholders know and I didn't mean to manipulate the price whether he did or not so I'm not sure it would be market manipulation case, it could be a more standard ten b five case rule ten b five which prohibits misstatements or emissions of material fact in that. Might be the basis for a case although even there that's not really an. Easy case to make because you have to show the defendants in Intent or at least recklessness so. This still, leaves the questions that were being asked before the going private tweet some of which have been now amplified, by Musk's behavior and his tearful interview with the New York Times what's one of the top concerns well I. Do think there's an important corporate governance issue at tesla that if you're. Going to talk about, taking a company private and especially, if it's a. Large shareholder like Ilan mosque then. There's certain things you have to go through tesla is a Delaware corporation. And so you would have to get independent directors and. Conduct some type of negotiations and make it, at least look, like more typical, arm's length negotiations the company did none of that and so I think from corporate governance point, of view they really need to rethink how they are operating that you can't have important information tweeted out And there needs to be a bit, more of a deliberative process which probably means Mr. moss gonna have to give up. Some of his control over the company and actually listen to the board of directors, when you're talking about a business that is trying to mature there any number of businesses that are tied. To the founder but then you? Need, to move beyond the founder Apple's a good example of that with Steve Jobs there was all the concern that when Steve Jobs died the company wouldn't do anything it's now a, trillion dollar company in so I if hassle really wants to move forward they, can't be subject to the wims shall we say of Ilan moss or his statements they need to put in a little bit better management team hand. That may mean getting in a. Stronger CFO stronger chief operating officer someone who's gonna let, him be the visionary for the company but not the day to day manager of the company Peter what about the. Company's cash position which you, mentioned before and also its ability to meet mass-market produced goals the, old phrase on Wall. Street I think has been under promise and over perform in a lot of ways tesla has been doing almost the opposite where they say well we're going to produce this many vehicles this many vehicles and then they don't do it so, they're going to need to get their public statements. In line with their actual operations and that's what, Wall Street's gonna wanna see that's Peter Henning a professor, at Wayne State university law. School I also spoke to Robert Hockett. A professor, at Cornell law school to get more, on the big picture ahead for tesla in light of the SEC investigation I think the. Real danger here though is of course the investigation is going to be a little bit more far ranging and, it, might views with. Other investigations at the SEC already conducting connection what certain undisclosed, putative problems with the model three that Tesla's been upbringing And then with whistleblower allegations have been. Made by sun, employees if you want my sort of big picture view on this I tesla has all kinds, of potential dislike Mr. mask and all, of his companies have but there's some indications. That maybe Mr. bresca might be being distracted by sort of too many at one time right now so? There's a little bit of messy, mess it, seems at tesla right now and the. SEC seems to be looking, into that more broadly so I'm sort of thinking that, maybe, the best thing for Mr. musk the, deal would be, kind of take a break Rebecca. Get a little bit of rescue supposedly not sleeping at all and constantly working get a. Bit of rest collect himself and try to, sort of focus on a few principal projects and get it. All sort of under control he reminds me a bit right now of Mike Tyson after he sort of reached the pinnacle of box and there's a little. Bit of sort of disorder in the personal life that seems to be uplifting and right now it often happens to great, people to people who are really profoundly successful in a particular area and. They get them sorta over committed maybe over. Download by all the justified Attention that they're getting I, think he needs maybe a little bit of time out just to kind of bring a little order to things ultimately I. Think that's really what the SEC kind of. Looking for is just you know our things generally chaotic at tesla in ways that are running. Afoul of the securities laws and in particular the various disclosure requirement to, which tesla other friends are subject coming up on, Bloomberg, law how a decades old murder, case could influence the publishing, of the findings, of the Muller investigation.

tesla SEC Mr. musk Peter Henning market manipulation Wayne State university Ilan moss professor founder Ilan mosque Elon Delaware Steve Jobs New York Times Mike Tyson FCC Cornell law school Robert Hockett
"market manipulation" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:57 min | 2 years ago

"market manipulation" Discussed on Bloomberg Radio New York

"Grosso Elon Musk sent shockwaves through Wall Street the automotive industry and the, tech world when he tweeted on August seventh that he, was considering. Taking, tesla private then last Friday August twenty fourth he put an end to the whirlwind that ensued in a blog post where. He said that he would keep tesla public joining me is Peter Henning former federal prosecutor and. Professor at Wayne State university law school Peter what do you make of the unraveling of. The go private plan in about eighteen days I don't think there was that much, of, a chance that he would take tesla private given the kinds of companies that we've seen who are taken private. Have, positive cash flow, and a growing business now Tesla's businesses growing but it has been burning through cash over the last couple of years and they can't even seem. To hit some of their targets for production so? Was this a likely. Possibility even though Oh musk said that he could have gotten the funding for it I, really think it was doubtful death going. Private was ever really going to, happen the SEC is investigating tesla and must going private, tweet plus. Other, things will this decision not to go private have any effect on the SEC investigation it may have some small effect in. That the urgency of the investigation likely is going to be dialed back Tesla's not going to. Be taken private and so there would be a number of fundraising issues related to that. But it certainly doesn't end it because the impact of his initial tweet back on, August, seventh throughout the stock price up a little over ten percent and you had a number of investors that day. Who, were trading on, the basis of that statement specifically the funding secured statement that he had there which indicates that the going private was pretty much a done deal. So I don't think the FCC is going To, say well never mind to quote Emily LeTellier from long ago. That it you don't get a. Do over on this when you put that kind. Of information out and it has that kind of an effect on the market and certainly driving the stock price, up ten percent is a significant effect. You worked on market manipulation cases while you were an attorney at the SEC so is this likely to end in a fine or something more well, it's a good question I mean the SEC could pass on it or, there are ways for the SEC to send a signal for example they could issue a, report, of investigation criticizing the company if the SEC were to, pursue an enforcement action proving market manipulation is difficult because you have to prove that the defendants purpose. Was to affect the market price and I suspect mosque in his lawyers could offer any number of reasons he made. The statement one of which he talked about Which was transparency I just want, to, let shareholders know and I didn't mean to manipulate the price whether he did or not so I'm not sure it would be a market manipulation case, it could be a more standard ten be five case Wilton be five which prohibits misstatements or emissions of material fact and that might. Be the basis for a case although even there that's not really an easy. Case to make because you have to show the defendant's intent or? At, least recklessness so this. Still leaves, the questions that were being asked before the going private tweet some of which have been now. Amplified by, Musk's behavior and he's tearful interview with the New York Times what's one of the top concerns well I, do think there's an important corporate governance issue at tesla that if you're going to talk about taking a company. Private and especially if it's a large shareholder like he Alon mosque then. There's certain things you have to go through tesla is Delaware corporation and so you would have to get independent directors and conduct some. Type of negotiations and make it at least look like more. Typical arm's length negotiations the company did, none of that and so I, think from a corporate governance point of view. They really need to rethink how they are operating, that you can't have important information tweeted out and there needs to be a bit more of a deliberative process which probably means. Mr. mosque is gonna have to give up some of his control over the company, and actually listen to the board of directors when you're, talking about a business that is trying to mature. There any number of businesses that? Are, tied to the founder but then you need to move beyond the founder Apple's a good example of that with Steve Jobs there was all the concern that when Steve Jobs died the, company wouldn't do anything it's now a trillion dollar company in So if it really wants to move forward they can't be subject to the wims shall we say of Ilan moss or his statements they. Need to put in a little. Bit better management team and that may mean getting in a, stronger CFO a stronger chief operating officer someone who's gonna let him be the visionary for the. Company but not the day to day manager of the company Peter, what about the company's cash position which you mentioned before and also its ability to meet mass-market produced goals the old phrase on Wall Street I think has been under promise and over perform and in a lot of ways tesla has been doing almost the opposite where, they say well we're going to produce this many. Vehicles this many vehicles and then they don't do, it so they're going to need to get their public, statements in line with their. Actual operations and that's what Wall Street's Don't wanna see that's Peter Henning a, professor at Wayne State university law school I also spoke to. Robert Hockett a professor at Cornell law school to get more on the big picture ahead for tesla in light of the SEC, investigation I think the real danger, here though is of course the investigation is. Going to be a little bit more car, ranging and if might views with other investigations at the SEC is already conducting connection with. Certain undisclosed putative problems with the model three the Tesla's been. Upbringing on and then with various whistleblower allegations have, been made by sun employees. So if you want my sort of big picture view on, tesla has all kinds of potential just like Mr. mask and. All of these companies have but there's some indications that maybe Mr. bresca might be being distracted by sort? Of too many classics at one, time right, now so there's a little bit of. Math teams at tesla right now, and the SEC seems to be looking into that more, broadly, so I'm sort of thinking that maybe, the best thing, for Mr. musk to do would. Be to kind of take a break get a little bit of rescue supposedly not sleeping. At all and constantly working Did a bit of rest collect himself. And try to sort of focus on a few principal projects and get it all sort of under control he reminds me a bit right now of Mike. Tyson Africa sort of reached the pinnacle of box and there's a little bit of sort of disorder in the personal life, that seems to be afflicting him right now it often happens to great people to people who are really profoundly successful in a, particular area and they get been sort of over committed maybe you're sort of over dazzled by. All the justified attention that they're getting I think he needs maybe a little bit of a time out just to kind of bring a little order, to things ultimately I think that's really what the SEC kind of looking for is just you know our things generally hail tesla. In ways that are running afoul of the securities laws and in, particular the various disclosure requirement which tesla Musk's other friends are. Subject coming up on Bloomberg law how a decades old murder case could influence the publishing of the findings of the Muller investigation, I'm June Grasso this is Bloomberg, business data is.

tesla SEC Elon Musk tesla Musk Peter Henning Professor market manipulation Wayne State university Alon mosque Mr. mosque Steve Jobs New York Times Tyson Africa FCC Emily LeTellier Bloomberg principal
"market manipulation" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:56 min | 2 years ago

"market manipulation" Discussed on Bloomberg Radio New York

"Musk sent shockwaves through Wall Street the automotive industry and the tech world, when he tweeted on August seventh that he was considering, taking tesla. Private, then last Friday August twenty fourth he put an end to the whirlwind that ensued in a blog post where he said. That he would keep tesla public joining me is Peter heading former federal prosecutor and professor at. Wayne State university law school Peter what do you make of the unraveling of the go. Private plan in about eighteen days I don't think there was that much of a chance that he would take tesla pride given the the kinds of companies that we've seen who are taken private have positive. Cash, flow and a, growing business now Tesla's businesses growing but it has been burning through cash over the last couple of years and they can't even seem to hit. Some of their targets for production so was this a likely possibility even though Oh musk said that he could have gotten the, funding for it I really think it. Was doubtful death going private was, ever really going to happen the SEC is investigating tesla, and muss. Going, private tweet plus other things will this decision not to go private have any effect on the investigation it may have some. Small effect in that the urgency of the investigation likely going to be dialed back Tesla's not. Going to be taken private and so there would be a number of fundraising issues related. To that but it certainly doesn't end it because the impact of his initial tweet back on August seventh throat the stock price up a little over ten percent and you had a number of investors that. Day, who were trading, on the basis of that statement specifically the funding secured statement that he had there which indicates that the going private was pretty much done deal. So I don't think the SEC is going To say, well, never mind to quote Emily LeTellier from long ago that it. You don't get a do over. On this when you put that kind of information. Out and it has that kind of an effect on the market and certainly driving the stock price up ten, percent is a significant effect you. Worked on market manipulation cases while you were an attorney at the SEC is this likely to end in a fine or something more well it's, a good question I mean the SEC could pass on it or there, are ways for the SEC to send a signal for example they could issue a report of investigation, criticizing the company if the SEC word to pursue, an enforcement action proving market manipulation is difficult because you have to prove that the defendants purpose was. To affect the market price and I suspect mosque in his lawyers could offer any number of reasons he made. The statement one of which he talked about Which was transparency I just want to let, shareholders, know and I didn't mean to manipulate the price whether he did or not so I'm not sure it would be a market manipulation case it could, be a more standard ten be five case Wilton be five which prohibits misstatements our emissions of material fact and that might be the. Basis for a case although even there that's not really an easy case to. Make because you have to show the defendant's intent or at? Least, recklessness so this still. Leaves the, questions that were being asked before the going private tweet some of which have been now amplified. By Musk's, behavior and his tearful interview with the New York Times what's one of the top concerns well I do, think there's an important corporate governance issue at tesla that if you're going to talk about taking a company private. And especially if it's a large shareholder like he Lon mosque then there's. Certain things you have to go through tesla is Adele Delaware corporation and so you would have to get independent directors and conduct. Some type of negotiations and make at least look like more. Typical arm's length negotiations the company did, none of that and so I, think from a corporate governance point of view. They really need to rethink how they are operating, that you can't have important information tweeted out and there needs to be a bit more of a deliberative process which probably means. Mr. mosque is gonna have to give up some of his control over the company, and actually listen to the board of directors when you're talking about a business that is trying to mature. There any number of businesses that? Are, tied to the founder but then you need to move beyond the founder Apple's a good example of that with Steve Jobs the there was all the concern that when Steve Jobs died, the company wouldn't do anything it's now a trillion dollar company in So if hassle really wants to move forward they can't be subject to the whims shall we say of Ilan moss or his statements. They need to put in a. Little bit better management team hand that may mean getting in, a stronger CFO a stronger chief operating officer someone who's gonna let him be the visionary for. The company but not the day to day manager of the company, Peter what about the company's cash position which you mentioned before and also its ability to meet mass-market produced goals the old phrase on Wall Street I think has been under promise and over perform and in a lot of ways tesla has been doing almost the opposite, where they say well we're going to produce this. Many vehicles this many vehicles and then they don't, do it so they're going to need to get their public, statements in line with their. Actual operations and that's what Wall Street's Gonna wanna see that's. Peter Henning a professor at, Wayne State university law school I also spoke to Robert. Hockett a professor at Cornell law school to get more on the big, picture ahead for tesla in light of the SEC investigation I think the, real danger here though is of, course the investigation is going to be. A little bit more far ranging it might, views with other investigations at the SEC, is already conducting connection what certain undisclosed putative problems. With the model three that's been upbringing on and then with various whistleblower allegations have been made by some employees, so if you if you. Want my sort of big picture view on this tesla has, all kinds of potential just like Mr. mask and all of. These companies have but there's some indications that maybe Mr. Baskin might be being distracted by sort of too? Many products at one time right, now so, there's a little bit of math enough. It seems at right now and, the seems to be look into that more broadly so, I'm, sort of thinking that maybe the best, thing for Mr., musk the deal would be to. Kind of take a break for a bit get a little bit of rescue supposedly not. Sleeping at all constantly working Get a bit of rest collect himself and try to sort of focus on a few principal contracts and get it all sort of under. Control he reminds me a bit right now of Mike Tyson after he sort of reached the pinnacle of box and right. There's a little bit of sort of disorder in the personal life that seems to be, afflicting him right now it. Often happens to great people to people who are really profoundly successful in a particular area and. They get been sort of overcommitted maybe over dazzled by all the justified attention that they're getting I think he needs maybe a little bit of time out just to, kind of bring a little order to things ultimately I think that's really what the kind of looking for is just you know. Things generally tesla in ways that are running. Afoul of a securities laws, and in particular the various disclosure requirement to which tesla. Other friends are subject coming up on Bloomberg law how a decades old, murder case could influence the publishing of the findings of the Muller investigation, I'm June Grasso this is Bloomberg, business is constantly when you're..

tesla SEC Musk Peter Henning Wayne State university professor market manipulation Lon mosque Mr. mosque Steve Jobs New York Times Mike Tyson Emily LeTellier Day Bloomberg Cornell law school founder
SEC subpoenas Tesla over Musk's tweets: report

Financial Exchange with Barry Armstrong

01:05 min | 2 years ago

SEC subpoenas Tesla over Musk's tweets: report

"Interesting you know. It's we also. Have breaking news out of tesla the SEC. Has subpoenaed tesla over Musk's tweets that's the headline Fox News is reporting. That and, Tesla's. Shares, gentlemen are down thirteen dollars and thirty five. Cents at three. Thirty, four. Oops common. Right yeah I still? I. I, don't like the that I'm not surprised right, right we are you surprised at all no again I think. In the broad scheme of things. Tesla was going to end up. With, some kind of. Fine you are not. Going to jail you. Know what, he. Did find oh they'll get fine Oh yeah Significant fine on the way I would imagine they'll they'll sure. Does something, I mean like it's it's. Market manipulation if you, say manipulated if, you sold do you think he actually sold? Some share it doesn't matter if, you, so yeah it. Doesn't, matter We'll, see you can't make false and misleading statements? About your company maybe you can, maybe, we'll find out No Hey coming,

United States Turkey Tesla Apple Applegate Market Manipulation CNN Asia Japan Taiwan SEC PAT Iran Fox News China IAN Musk Thirteen Dollars
"market manipulation" Discussed on a16z

a16z

01:57 min | 2 years ago

"market manipulation" Discussed on a16z

"Has not been seen since one thing that i think is really fascinating is that there is no leader the athenian community does have a bit of a different structure with more known leadership but i think in a lot of ways this is all new i mean one of the things that i love about what i'm doing in our team is like we're doing things that nobody has ever done before there was there was a cell we were working on and we didn't know how long it would take and then it turned out of course it took longer than we thought it would and we were like wait nobody's ever built this so we just didn't know like how long it would take so we're really seeing these issues of first impression as mentioned there are different models for communities and i think it'll it'll be interesting i mean saito she didn't want to be a benevolent dictator i think sotoudeh she didn't want to be in a spotlight there are some people believe saito she owns certain coins i mean nobody knows it's really one of the modern mysteries like we don't know she is i'm perfectly happy for that to stay that way unless it does she ever wants us to know who he she or they is there are but if anything of course they're going to be potential attack factors i think one of the most fascinating things about being in this world is we haven't seen the types of major attacks that we could have seen on the base protocols nation say doctors could come in they could try to attack the network they could try to buy up hush power and a variety of networks they could try to manipulate markets and i'm sure there's certainly some market manipulation going on now but to me one thing that i think is so fascinating is the incentive structure is built such that there are so many people that are incentivized to not have the network the network be attacked that we have not seen that happen as of yet and i believe as he's communities and these currencies grow we'll see even more of that where there will be a lot of people who in who's interested is to not have the network attacked and that will enable these communities and networks to say secure christiania with that unfortunately we have to wrap up this panel but i will think both criminal elizabeth further time and then welcome so and always come back up.

market manipulation saito elizabeth
"market manipulation" Discussed on a16z

a16z

01:57 min | 2 years ago

"market manipulation" Discussed on a16z

"Has not been seen since one thing that i think is really fascinating is that there is no leader the athenian community does have a bit of a different structure with more known leadership but i think in a lot of ways this is all new i mean one of the things that i love about what i'm doing in our team is like we're doing things that nobody has ever done before there was there was a cell we were working on and we didn't know how long it would take and then it turned out of course it took longer than we thought it would and we were like wait nobody's ever built this so we just didn't know like how long it would take so we're really seeing these issues of first impression as mentioned there are different models for communities and i think it'll it'll be interesting i mean saito she didn't want to be a benevolent dictator i think sotoudeh she didn't want to be in a spotlight there are some people believe saito she owns certain coins i mean nobody knows it's really one of the modern mysteries like we don't know she is i'm perfectly happy for that to stay that way unless it does she ever wants us to know who he she or they is there are but if anything of course they're going to be potential attack factors i think one of the most fascinating things about being in this world is we haven't seen the types of major attacks that we could have seen on the base protocols nation say doctors could come in they could try to attack the network they could try to buy up hush power and a variety of networks they could try to manipulate markets and i'm sure there's certainly some market manipulation going on now but to me one thing that i think is so fascinating is the incentive structure is built such that there are so many people that are incentivized to not have the network the network be attacked that we have not seen that happen as of yet and i believe as he's communities and these currencies grow we'll see even more of that where there will be a lot of people who in who's interested is to not have the network attacked and that will enable these communities and networks to say secure christiania with that unfortunately we have to wrap up this panel but i will think both criminal elizabeth further time and then welcome so and always come back up.

market manipulation saito elizabeth
"market manipulation" Discussed on News Radio WGOW

News Radio WGOW

02:36 min | 2 years ago

"market manipulation" Discussed on News Radio WGOW

"And morgan stanley and all these big firms they knew exactly they wouldn't take your public unless you were spending the bulk of the money you are raising on advertising basically getting more people to buy your stock so they can later the thing off make the stock go through the roof so they could make a fortune and they're big investors could make a fortune that's it golly we do yeah okay you ransom adds maybe you get some new customers but it wasn't enough can make it work you can't take all that money you're spending on ads enron was a similar situation you got to take a look at two thousand two thousand nine financial crisis bear stearns lehman brothers what would they do there would borrow money shortterm based on their balance sheets and then they would buy bundles of mortgage backed securities which were then hedged against default on aig's balance sheet so what happened they started doing it everybody else on wall street started doing hey they're making money we gotta make money on that to keep the scheme alive and so it didn't work and it all fell apart now most people don't realize this most of the rise bitcoins price increase came from market manipulation kessler does a great job of explaining this and i let me tell you something i didn't even know about this but i didn't even need to look into it because again it's fake money i've got fake money to am i monopoly board game in my house i got fake money there too i've got one hundred trillion dollars in bob way buck in my drawer that's worth forty something sense as well i mean it's fake money i've got leftover drachma vera from old vacations long long ago what are they worth now half of bitcoins price increase over the past year as come from market manipulation via on other crypto currency which is known as tether university of texas researchers pulled this entire thing apart bitcoin has a fixed number of points heather is the opposite.

morgan stanley lehman brothers aig kessler market manipulation heather enron university of texas one hundred trillion dollars
"market manipulation" Discussed on KUGN 590 AM

KUGN 590 AM

04:37 min | 2 years ago

"market manipulation" Discussed on KUGN 590 AM

"And morgan stanley and all these big firms they knew exactly what wouldn't take your public unless you were spending the bulk of the money you were raising on advertising basically getting more people to buy your stock so they can ladder the thing up make the stock go through the roof so they could make a fortune and they're big investors could make a fortune that's it dollywood do yeah okay ransom adds maybe you get some new customers but it wasn't enough to to make it work you can't take all that money from your ipo and spend it on ads enron was a similar situation you got to take a look at two thousand eight two thousand nine financial crisis bear stearns lehman brothers what would they do would borrow money shortterm based on their balance sheets and then they would buy bundles of mortgage backed securities which redan hedged against default on a jeez balance sheet so what happened they started doing it everybody else on wall street started doing hey they're making money we gotta make money on that to keep the scheme alive until it didn't work and it all fell apart now most people don't realize this most of the rise bitcoins price increase came from market manipulation kessler does a great job of explaining this let me tell you something i didn't even know about this but i didn't even need to look into it because again it's fake money i've got fake money to monopoly board game in my house i've got fake money there too i've got one hundred trillion dollars imbaba buck in my drawer that's worth forty something cents as well i mean it's fake money i've got leftover drachma ma there'a from old vacations long long ago what are they worth now half of bitcoins price increase over the past year as come from market manipulation via another crypto currency which is known as tether university of texas researchers pulled this entire thing apart bitcoin has the fixed number of coins heather is the opposite feathers prices fixed at a dollar and as buying increases war coins are issued now two point seven billion of them here's that was pretty easy to issue tether coins and use the proceeds do what by bitcoin so the price of one bitcoin rose from around twenty five hundred dollars a year ago about nineteen thousand dollars last december except it was the tether balance sheet and not real demand driving the purchases now what where's bitcoin now sixty five hundred sixty i don't know and it continues to drop and it's not over these initial coin offerings that are everywhere they raised eight hundred percent more money in two thousand eighteen then in the same period last year again or scope had a phrase for this stupid is as stupid does i can't people i can't help you when you lose a fortune in one of these initial coin offers you have any recourse you're not gonna get your money back there's no one to look to the sec can't help you all the king's horses at all the king's men can't help you like anything else your best defense is again these stupid don't do stupid stuff don't do stupid stuff i don't care what this guy's care blockchain is are you kidding me you see what you're investing in somebody came up with their own money i was making fun of this i said i gotta come up with watchdog box or something like that if i did i could probably sell them here on this program and people would.

morgan stanley one hundred trillion dollars twenty five hundred dollars nineteen thousand dollars eight hundred percent
"market manipulation" Discussed on KBNP AM 1410

KBNP AM 1410

02:02 min | 2 years ago

"market manipulation" Discussed on KBNP AM 1410

"Economic data coming out of the us and so as i just mentioned the federal reserve raise interest rates last week as everyone had expected but i thought what was more interesting was and it's going to be more interesting for your money is the european central bank announced that the end of their bond purchasing program and they also signalled that they're going to probably start to raise interest rates once set on buying program ends and the reason that's important for all of you is you know we had so much intervention from global central banks with europe the european central bank with the bank of japan where the us the federal reserve buying bonds in the market and that had the effect of keeping interest rates low for this really long period of time and so the market had a bit of a little bit of manipulation and that there is these giant little with these giant buyers that showed up every single week there was an auction and we're buying bonds all the time so markets didn't behave as normal markets would with normal market participants because there were these giant buyers and now those buyers are removing themselves and that's why we're seeing more volatility in the interest rate world and in the stock market world is finally markets can be you know it's been a long time since the financial crisis ended and we had essentially market manipulation that whole period and now that is being removed and markets are behaving based on economic data and news we're getting out of certain places and that's why we're seeing a lot more volatility so for a lot of people didn't ecb or european central bank saying they were going to stop buying lawns and start to raise interest rates probably the most of you didn't think of that as as an impactful event but i think that it's going to be quite impactful to all of us going forward because markets can finally function as normal markets where economic events or news comes out will affect markets because there's and i think rates will finally start to move higher because there's not these huge buyers in the bond market buying bonds every month and for those of.

us market manipulation europe bank of japan
"market manipulation" Discussed on CNBC's Fast Money

CNBC's Fast Money

02:03 min | 2 years ago

"market manipulation" Discussed on CNBC's Fast Money

"I mean when we look at fair market fair and efficient markets you would like to think that you know what the best prices so if you have a product where on this venue it's quoted here on that venue it's quarter there and the prices are all over the map then you have to ask what is a fair price in that stock understanding the price also helps you to understand best execution customers want best execution when they're trading and things they don't own the prices had they know the best seems to be saying that you do need to develop some kind of pricing mechanism that everyone can understand i think it's early days and we're looking at a marketplace that is evolving and still largely unregulated space and we're interested in encouraging the development into a more sound regulatory structure how concerned are you about market manipulation we've heard about these they seem to float out there these these concerns this is at the core of what you do protecting against market manipulation how do you deal with that i i cannot under underestimate or understate are concerned this your you have venues which are trading products where investors have put a lot of their money where it is unclear whether or not there are clear standards for protecting against market manipulation we're talking things like spoofing talking about pump and dump schemes talking about fraud right so there's a whole set of issues that that could potentially arise in the space without being within a regulatory structure you're the man it's going to set this all up would you promise to come back and keep us up to date on what the is doing certainly will thank you very much brett redfern is the head of the vision of trading markets for the sec and this is i interview any exclusive with us at cnbc melissa back to you all right thank you very much bob bob bassani and given all the regulation talk around the crypto space we couldn't help but bring in our own crypto baller bk to weigh in on what brett redfern just said what stood out to you there's a lot there i there's a lot there so the challenge that that mr redfern has and all regulars has we have global asset that subject to local regular.

market manipulation fraud brett redfern sec cnbc bob bob bassani
"market manipulation" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | 2 years ago

"market manipulation" Discussed on Bloomberg Radio New York

"Details we don't really know what specific things that are going to be going after but there are obviously a lot of pretty shady activities in the space there's a pump and dump rooms where people get together and tried to manipulate a coin there's credible allegations of false trading designed to spook people into thinking the price doing one thing when it's not the other but i also think that as part of this theoretical institutionalization of the space you probably get a lot of players who are happy to see bad actors root out and how much of a concern are these shady activities in the business that you're in and the concern about impending a real concern strictly the shady activities at least we we look at this as a market it's incredibly quickly traditional equities markets developed over the course of decades or even centuries and we're seeing the exact same things happen in the crypto market in the space of munster years and so instead of having time to figure out all of these different components of the market it's happening so quickly there are a lot of bad actors and these need to be rooted out we're happy with the doj investigation we think there is market manipulation happening and that needs to be stopped at the same time i think that regulation often is a good thing and figuring out how existing regulations apply to the crypto space is really important we've seen very forward looking statements from the sec in from the cfcc and other agencies so far we expect to see that continue but we see that as a good thing for the space as the entire space gets professionalized joe's point the institutionalization is happening and that requires regulation to come in you're working on building out a platform where accredited investors can invest in ico's but isn't that the very thing that ico's were created to destroy well we think is he has recreated to fund technical projects have fun protocols that wouldn't otherwise be able to raise the funding that they need we work with accredited investors because we want to work under us securities law and offer those security these are things that maybe securities to to american investors we also partner with companies like republic which is an equity crowd funding platform allowing non accredited investors to invest insecurities for some of our sales but at its core we think that the.

market manipulation ico partner doj
"market manipulation" Discussed on iMore

iMore

01:42 min | 2 years ago

"market manipulation" Discussed on iMore

"Up rene says that word a lot but i that phrase a lot but i think it's a very real concern here and you know i think a lot of people to have this assumption that leaks about apple come from apple's like pr teams or something like that that they're they're they're false leaks and there's an argument to be made for certain things when it comes to sort of responses sort of semi responses to events that happened in apple sort of feels like it has to answer a question or whatever those i can understand but a lot of times when it comes to these products that's not how this is playing out it really is it's people leaking and apple talks about how there are people who are are damaged every time something leaks in it doesn't turn out because it's a very real change to the market manipulation in a way because you can see the way that the stocks change based on how things leak and what people think about those leaks and when you have a company that is one of the biggest companies financially it's a big deal if you know releasing photo of an iphone eleven suddenly drops apple share prices by blah blah blah blah that stuff is is it gets serious and so it's no wonder that these folks are getting let go and you know honestly i i think that if we're gonna leak there's a lot of humor in leaking this memo about leaks but at the same time i think it also informs everyone.

rene apple market manipulation
"market manipulation" Discussed on Unchained

Unchained

01:52 min | 2 years ago

"market manipulation" Discussed on Unchained

"I know there was something i didn't quite follow their you're saying that most exchanges actually don't handle their cold storage no i you know the way digital currency exchanges have evolved initially that you know there was no bank that you go to there was no custodial solution so they had no choice except to take custody directly and in fact even today there's basically none there's there's no independent custodian that will hold digital currencies for you now kingdom ambig or the first one here in the united states so now these solutions are emerging anyway these guys crew up these exchanges grew up without having the option of giving someone else custody they didn't have any reputable vendors but this is emerging as the foundation of ecosystem get stronger by the way are you familiar with did you see the sec letter on the came out midjanuary about what it would take to have etf spe successful i don't think so no why well it's a great letter it the sec set very high bar in terms of what needs to happen in order for ats to be approved and they they they they raise a number of questions about you know market manipulation and other things but a huge part of that was custody sec said how could we have an etf until we have a good reliable nineteen forties investment act compliant custodial solution available for digital currencies and i think that very much is relevant here so the exchanges that exist today they're they're like financial institutions but they haven't had anyone that they could go to as independent qualified custodian past in this changing.

united states sec market manipulation
"market manipulation" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:43 min | 2 years ago

"market manipulation" Discussed on Bloomberg Radio New York

"The profits from this business i would expect we'll go down in the service to customers is is going to improve that's a good thing and it's always been the case in financial services that uh the banks and and and and nonbanks the innovate this innovation the cryptocurrency innovation is pushing others eat probably is certainly this generation of cryptocurrencies i think it's very safe to say is not the answer to their questions that there opposed to that point you say the time has come to hold the quicko acid ecosystem to same standards of the rest of the financial system going to mean in practice will i think you know some of the issues or the other the exchanges that the crypto assets if if you ride by equipped arrested the exchange on which we trade or between crypto assets those in general or not regulated activities under certainly not regulated to the same standards as nasdaq or the lsat or the formal regular i mean it's not my direct responsibility but given the fact that uh there's there's evidence of and there's lots of temptation for market manipulation misconduct in these exchanges in some of these exchanges that the operational and technical standards are not the same in terms of a threat of heister cyber heissler cyber attack you want to bring them up to the letter and the best of the cryptocurrencies i would suggest will gravitate to the best of the exchanges if they're regulated and others will fall by the wayside but we've had this hear a lot of regulators suddenly talking quite clear about crypto we've also had south korea cracking down on china cracking down to think this is the year that quipped to sort of grows up or just gets regulated out of existence that's the things i think bringing cryptocurrencies into the regulated.

south korea china market manipulation
"market manipulation" Discussed on Software Engineering Daily

Software Engineering Daily

01:55 min | 3 years ago

"market manipulation" Discussed on Software Engineering Daily

"A stepbystep process another question so obviously they would want to get to the bank accounts right they if if you were to other you would want to have you know all of your bank balance sheets ready for them in open on the table when they walk in and and try to clear this up you know that's the thing we've been kind of speaking about is this doesn't seem that difficult to to resolve if the money's there just prove it you know so it might be a short short investigation in in everything might be okay are not saying it's not it's just the that the company is acting in ways that make you have have these concerns so the the subpoena process will continue like that i think the cftc is getting a lot more savvy about these investigations i think most of the us regulatory agencies are getting more sophisticated and understanding that actually a block chain is is a great regulatory tool because it has a a trail of every transaction that occurred as you know when you want to launder money uh in in cash you can give somebody a suitcase could they put in the trunk of their car and it's gone on a blockchain's going to have a record of that so i think they're they're understanding that aspect to it and and realizing that its in some ways it can make their job easier just to the abroad one more thing on subpoenas the cftc is a civil lately issue civil subpoenas and bring civil cases they they do have the option of of going to the justice department and the fbi and say we think you know there's enough here too for you guys to start a criminal proceedings so that's a possibility and that's happened in in other areas of market manipulation an an cases that i i've covered so i wouldn't tell anybody to expect you know it's not a fast process the the they're thorough.

cftc us justice department fbi market manipulation
"market manipulation" Discussed on WIBC 93.1FM

WIBC 93.1FM

01:35 min | 3 years ago

"market manipulation" Discussed on WIBC 93.1FM

"And still more than what it's made the day of you've got from that point and we're we're having some trouble with the phone line here kimball or i'm gonna let you go i appreciate hearing from you tonight the question was about kind of the future of money is it all going to digital or what's but i think in my shop we have a bitcoin vending machine and that's a place that you can go and put in green dollar bills and get bitcoin back and so we see a lot of people that are getting into crypto currency starting out by buying bitcoin and they make keep bitcoin corner they may sell it and by something else with it but a certain segment of of our customer base are the silver bugs that's what we refer to a man as and these are the people that have been in the precious metals for an awfully long time and what they're seeing is there not seen the gains of i i suspect you know it's it's banks suppression of prices and bank market manipulation of the silver and gold prices so so they're checking out some of some of their precious metals in their person cryptically and and some of them are doing really really well at that but every one of them is still retaining a little bit of gold or silver sure you'd want to have all your eggs in one basket correct but there are a lot of people that are in crypto the would never consider i've seen people yet be ridiculed un crypto twitter and stuff like that for even bringing up the idea of holding precious metals as an investment there like will you just lose an out i mean you're not making the big gains bicker is is.

kimball market manipulation
"market manipulation" Discussed on KQED Radio

KQED Radio

02:28 min | 3 years ago

"market manipulation" Discussed on KQED Radio

"Solution what we need is investigations of these business entities we need to know how they operate the advertising market is incredibly complicated in this turned from a sort of madman style agency based model to a complex financial marketplace where your eyeballs are bought and sold like stocks are bonds or credit instruments and there's all sorts of market manipulation going on there these are very complex marketplaces and regulators and enforced there is need to actually start looking at them so that we can actually address it whether that's with antitrust enforcement lawsuits regulatory tools or structural separation of parts of these companies public utility regulations mean there's a whole suite of anti monopoly tools that we can use to get a hold of these institutions let's talk about public sentiment there was a time when trust busting was a populistic notion and those days seem to be behind us why the weight understand kind of regulation and political economy is that you have sovereignty someone's going to be in charge and in the late seventies early '80s the for a variety of reasons people were essentially pursuaded that we she moved sovereign power away from public institutions and vested in private companies and so you saw deregulation you saw unionbusting and you saw merger waves and you've seen ultimately the growth of these institutions like amazon facebook gugel who are governing our society they are regulating our society it's always amusing you hear people talk about deregulation when of course everybody knows that we are heavily regulated we are just regulated by private actors not public ones and so this was an intellectual revolution that people didn't really fight for a whole lot of reasons because it came both on the right and the left and now we're in a place where people are recognising that there is something seriously wrong with our institutions they are not managing risk effectively they are not delivering productivity and democracy itself and our survival is actually increasingly at risk so we're returning to what you pointed out was a more popular sd type of error and we're saying you know what we need to bring sovereignty invested back in public institutions in democratic institutions and that's what antitrust rules and public regulation actually means okay smart guy you suggesting that what we need is public sentiment to to.

advertising market market manipulation amazon facebook
"market manipulation" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:08 min | 3 years ago

"market manipulation" Discussed on WNYC 93.9 FM

"Solution what we need is investigations of these business entities we need to know how they operate the advertising market is incredibly complicated in this turned from a sort of madman style agency based model to a complex financial marketplace where your eyeballs are bought and sold like stocks are bonds are credit instruments and there's all sorts of market manipulation going on there these are very complex marketplaces and regulators and enforcers need to actually start looking at them so that we can actually address it whether that's with antitrust enforcement lawsuits regulatory tools or structural separation of parts of these companies public utility regulations mean there's a whole suite of anti monopoly tools that we can use to get a hold of these institutions let's talk about public sentiment there there was a time when trust busting was a populistic notion and those days seemed to be behind us why the weight understand kind of regulation and political economy is that you have sovereignty someone's going to be in charge and in the late seventies early '80s the for a variety of reasons people were essentially pursuaded that we she moved sovereign power away from public institutions and vested in private companies and see you saw deregulation you saw unionbusting and he saw merger waves and you've seen ultimately the growth of these institutions like amazon facebook gugel who are governing our society they are regulating our society it's always amusing hair people talk about deregulation when of course everybody knows that we are heavily regulated we are just regulated by private actors not public ones and so this was an intellectual revolution that people didn't really fight for a whole lot of reasons because it came both on the right and the left and now no we're in a place where people are recognising that there is something seriously wrong with our institutions they are not managing risk effectively they're not delivering productivity and democracy itself and our survival is actually increasingly at risk so we're returning to what you pointed out was a more populist tie.

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