Elon Musk’s Contempt Defense: “Borders on the Ridiculous” say SEC

Elon Musk’s Contempt Defense: “Borders on the Ridiculous” say SEC

$TSLA Monday night, the SEC countered Tesla (NASDAQ:TSLA) CEO Elon Musk’s contempt-of-court defense writing in court papers that he brazenly disregarded a federal judge’s order and that one of his arguments “borders on the ridiculous.” Lawyers for the Securities and Exchange Commission, in a response to Mr. Musk, wrote that when the contempt motion was […]

Tesla’s (NASDAQ:TSLA) Musk Did Not Seek Approval for His Tweets as Required in the Settlement

Tesla’s (NASDAQ:TSLA) Musk  Did Not Seek Approval for His Tweets as Required in the Settlement

$TSLA FLASH: Tesla’s Elon Musk says it is up to him when to submit Tweets for company approval. The US Securities and Exchange Commission is 2Xing down on the government’s demand to find the Tesla (NASDAQ:TSLA) CEO in contempt of a previous fraud settlement that required him to have the company pre-approve any tweets that […]

The Top 5 Most Shorted Stocks on the NYSE

The Top 5 Most Shorted Stocks on the NYSE

The Top 5 Most Shorted Stocks on the NYSE $F, $GE, $BAC, $SNAP, $RAD History tells us that October can be a volatile frame for the stock market, and this year we are seeing it in spades. Investors and traders worry about the Fed raising interest rates, weakness in global and emerging markets, the effects […]

Elon Musk Cannot Return as Tesla’s (NASDAQ:TSLA) Chairman W/O Shareholder Vote

Elon Musk Cannot Return as Tesla’s (NASDAQ:TSLA) Chairman W/O Shareholder Vote

Elon Musk Cannot Return as Tesla’s (NASDAQ:TSLA) Chairman W/O Shareholder Vote $TSLA The vote shows the SEC is protecting investors. If Tesla (NASDAQ:TSLA) CEO Elon Musk, 47 anni, ever wants to return as Chairman, shareholders will have to vote on it. The requirement is detailed in a court brief filed jointly Thursday by Tesla and the Securities […]

Tesla (NASDAQ:TSLA) CEO, Elon Musk Mocks SEC in Tweet

Tesla (NASDAQ:TSLA) CEO, Elon Musk Mocks SEC in Tweet

Tesla (NASDAQ:TSLA) CEO, Elon Musk Mocks SEC in Tweet $TSLA Thursday, Tesla (NASDAQ:TSLA) CEO Elon Musk mocked the US Securities and Exchange Commission (SEC) referencing a settlement deal with the commission. “The Shortseller Enrichment Commission is doing incredible work. And the name change is so on point!” Mr. Musk said in a Tweet where he was likely […]

Tesla’s (NASDAQ:TSLA) Settles with SEC, Musk Ousted as COB

Tesla’s (NASDAQ:TSLA) Settles with SEC, Musk Ousted as COB

Tesla’s (NASDAQ:TSLA) Settles with SEC, Musk Ousted as COB $TSLA Tesla (NASDAQ:TSLA) and its COB/CEO Elon Musk, 47 anni, have agreed to pay a total of $40-M and make a series of concessions to settle an SEC lawsuit alleging Mr. Musk duped investors with misleading statements about a proposed buyout of the company. The settlement […]

Saudi Prince Miteb bin Abdullah Reached $1-B Settlement, Released

Saudi Prince Miteb bin Abdullah Reached $1-B Settlement, Released

Saudi Prince Miteb bin Abdullah Reached $1-B Settlement, Released Prince Miteb bin Abdullah, 1 of the most senior Saudi Arabian royals detained in a declared crackdown on corruption, has been released after reaching a settlement deal believed to exceed the equivalent of $1-B, an official said. Prince Miteb, Son of the late King Abdullah, was […]

The Effects of the Shortened T+2 Settlement Cycle

The Effects of the Shortened T+2 Settlement Cycle

The Effects of the Shortened T+2 Settlement Cycle In March 2017, the United States Securities and Exchange Commission (the SEC) adopted amended Rule 15c6-1(a) which shortens the standard trade settlement cycle for most broker-dealer securities transactions from three business days (known as T+3) to two business days, (known as T+2). On Tuesday, September 5, 2017, […]

Herbalife (NYSE:HLF) Spikes 9.83% on Icahn Settlement

Herbalife (NYSE:HLF) Spikes 9.83% on Icahn Settlement

Herbalife (NYSE:HLF) Spikes 9.83% on Icahn Settlement $HLF Herbalife Ltd. (NYSE::HLF) said it concluded talks that would have taken the company private and simultaneously reached an agreement with billionaire investor Carl Icahn. Mr. Icahn built up his stake to become the nutritional-supplement company’s biggest shareholder in recent years, agreed to boost holdings past 50% only […]

Australian Securities Exchange – TechnologyOne Suing Brisbane AU$50 million

Australian Securities Exchange – TechnologyOne Suing Brisbane AU$50 million

Australian ERP software vendor TechnologyOne has escalated a long-running row with Brisbane City Council, threatening to sling an AU$50 million sueball at the city. The $120-million-plus contract at the centre of the dispute is to replace 13 of the council’s systems with a single “Local Government Systems” project. When the contract was awarded in 2015, […]

President Donald Trump Confronts Iran “Head On”

President Donald Trump Confronts Iran “Head On”

President Donald Trump Confronts Iran “Head On” US President Donald Trump ended his 2nd week as president Friday, 3 February, by demonstrating his resolve to cut Iran down to size. This is his Key preoccupation in the Middle East to the exclusion of all other Middle East issues. After President Trump personally warned the Islamic […]

China’s ICBC Now a Settlement Bank for the Dubai Gold & Commodities Exchange

China’s ICBC Now a Settlement Bank for the Dubai Gold & Commodities Exchange

China’s ICBC Now a Settlement Bank for the Dubai Gold & Commodities Exchange Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, has become a settlement bank for the Dubai Gold & Commodities Exchange (DGCX), the exchange said Tuesday, allowing more investors to clear transactions in RMB Yuan. ICBC becomes the […]

Germany’s CEO’s Standing Behind Deutsche Bank (NYSE:DB)

Germany’s CEO’s Standing Behind Deutsche Bank (NYSE:DB)

Germany’s CEO’s Standing Behind Deutsche Bank (NYSE:DB) $DB The CEO’s of several German blue-chip companies have discussed Deutsche Bank’s (NYSE:DB) problems and are ready to offer a capital injection if needed to shore up Germany’s largest lender, newspaper Handelsblatt reported Thursday. The German newspaper said that under an emergency plan the participating companies would purchase […]

WB Issues “Mulan Bonds” in China, Issue Oversubscribed

WB Issues “Mulan Bonds” in China, Issue Oversubscribed

WB Issues “Mulan Bonds” in China, Issue Oversubscribed The World Bank (WB) Wednesday issued landmark bonds denominated in special drawing rights (SDR) in China’s interbank market. The 3-year SDR bonds worth SDR 500-M SDR (US$700-M) were billed as “Mulan bonds.” China’s RMB Yuan, or renminbi, will be used as the settlement currency. It is the […]