A new commissioner at America’s main securities regulator causes a buzz

Not your regular regulator FOR ALL the talk about deregulation under President Donald Trump, when it comes to the financial industry the word used by many is “tailoring”—meaning trimming the loose threads of tangled rules, rather than unpicking them. An exception is Hester Peirce, who in January became one of the five commissioners at the […]

The life of ‘Pharma bro’ Martin Shkreli, who was convicted of securities fraud and faces up to 20 years in prison

AP Photo/Richard Drew Martin Shkreli, a former pharmaceutical CEO, was found guilty of securities fraud on Friday — but that was hardly the first time he’s been in the news. Shkreli has been a controversial figure in the public eye ever since he hiked costs of Daraprim, an AIDS treatment drug that has no generic […]

Shkreli verdict: Guilty on three of eight counts of securities and wire fraud

Enlarge / NEW YORK, NY – AUGUST 4: Former pharmaceutical executive Martin Shkreli arrives at the U.S. District Court for the Eastern District of New York, August 4, 2017 in the Brooklyn borough of New York City. Jurors are onto the fifth day of deliberations and have not reached a verdict. Shkreli faces eight counts […]

Using a blockchain doesn’t exempt you from securities regulations

Enlarge / Ethereum founder Vitalik Buterin. (credit: Techcrunch) The DAO, a blockchain-based organization created last year, was supposed to demonstrate the potential of Bitcoin competitor Ethereum. Investors pumped $ 150 million of virtual currency into the project. But then in June 2016, hackers found a bug in the DAO’s code that allowed them to steal $ 50 million […]

Some mortgage backed securities from the 2007 lending boom could still default

Tony Webster/Flickr Roughly half of the $ 90 billion worth of commercial mortgages left over from the 2007 lending boom won’t be easy to refinance when they mature, exposing the winners and losers of the real estate recovery. Banks sold a record $ 250 billion worth of commercial mortgage-backed securities to institutional investors in 2007. […]