He discussed the debt ceiling and spending cuts. Speaker of the House of Representatives Kevin McCarthy outlined his plan to cut federal spending and arrange for an increase…
Read MoreStock Market
U.S. District Judge Sentences Infinity Q Founder to 15 Years
Imprisonment is the result of securities fraud. U.S. District Judge Denise Cote sentenced James Velissaris, the founder of Infinity Q Management, to 15 years of prison for misleading…
Read More
Regulators Shut Down California Bank
Customers make massive withdrawals after big asset losses. The Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation shut down the Silicon Valley Bank…
Read More
Russian Businessman on Trial for Trading Information
His access to hacked information led to insider stock trading. Arguments in a case of alleged insider trading took place in Boston’s federal court this past week. Russian…
Read More
Senate Bill Could Ban Congressional Stock Trading
A similar bipartisan measure has been introduced in the House. Senator Josh Hawley of Missouri has introduced the Preventing Elected Leaders from Owning Securities and Investments Act which…
Read More
Average 401(k) Down $34,000 This Year
Americans have experienced more than $2 trillion in losses. New economic research has found that the average person’s 401(k) has lost some $34,000 in value since the beginning…
Read MoreFederal Officials Trading Stocks in Companies They Oversee
Stocks frequently traded ahead of agency enforcement. More than 2,600 federal officials either own or have traded stock in companies their agencies oversee, according to a report from…
Read More
Social Security Benefits Up 8.7% in 2023
The highest increase in four decades is in response to inflation. Social Security checks will be 8.7% higher beginning in January, the largest cost of living adjustment benefits…
Read More
House Speaker Says Stock Regulation Bill Coming Soon
Federal legislators could face increased trading limitations under update to STOCK Act. Speaker of the House Nancy Pelosi spoke about plans legislators have to more strenuously penalize those…
Read More
Federal Prosecutors Subpoena Digital World Board Members
Merger with Trump Media faces additional hurdles. Each of the board of directors of Digital World Acquisition Corp has received federal subpoenas for their S-1 filings and documents…
Read More