Tag Archives: SEC

NFL Star’s New Position

Crypto endorsement

Tom Brady cannot avoid the limelight, as his family troubles and conduct on the field have developed into some of the juiciest topics for the press in recent weeks. While the news of Tom Brady’s divorce may not be a shock to most fans, his involvement in the FTX bankruptcy may prove to be less well known. Due to Tom Brady and Gisele Bundchen’s prior support of FTX, the NFL star’s attachment to his ex-wife now extends beyond the custody arrangement of their two children. An FTX investor has filed a lawsuit against the company founder, naming individual celebrities that have endorsed the cryptocurrency business. Continue reading →

Don’t Stop the Game

Taking from the rich…

The stock trading and investing app, Robinhood, has developed into one of the most popular broker-dealer platforms. Aside from its “commission-free” marketing, the benefits include easy accessibility and your first stock free! About a month ago, however, consumers learned of the downsides to using Robinhood. At least 90 lawsuits have been filed against the company for restricting trade of specific securities, including GameStop. Consumers claim that the perceivably unlawful act of the company has caused financial hardship and unfair, lost opportunities for a potentially profitable investment. Continue reading →

Settlement: SEC Smells Musk

Pay up

Tesla CEO Elon Musk’s settlement with the SEC has been approved by a judge. The South African businessman and investor was accused of fraud after tweeting that he had secured funding to take his auto-maker, Tesla, private.Musk will have to pay a hefty $20m fine and is being forced to step down as chairman within the next 6 weeks. The charges against Musk were filed by the SEC in the early fall, shortly after Musk allegedly rejected a potential settlement offer. Tesla stock plummeted around 40 points after his “secure funding” tweet. Musk, often boisterous and grandiose in his ideas, designs, and persona, is no stranger to trouble after he was shown smoking weed in a live broadcast.  Read more