securities

GameStop Plummets 17% Pre-market: Plans to Sell Securities and Sees Sales Decline – What’s Next for the Video Game Retailer?

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Plano, Texas – GameStop shares took a significant hit in premarket trading on Friday following the announcement from the video game retailer about its plans to sell securities and the release of preliminary first-quarter results showing a decline in sales. The company reported that it anticipates net sales for the quarter to be between $872 million and $892 million, a drop from the $1.237 billion reported in the same period last year. This is below …

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Crypto Robinhood Faces SEC Wells Notice Over Allegations of Offering Unregistered Securities

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New York, United States – Robinhood Crypto, the division of the popular stock trading app dedicated to digital assets, revealed on Monday that it has been served with a Wells Notice from the Securities and Exchange Commission (SEC). Dan Gallagher, Robinhood Markets’ chief legal, compliance, and corporate affairs officer, expressed confidence in the non-securities status of the assets on their platform. Gallagher stated, “We look forward to engaging with the SEC to clarify the weak …

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**Treasury Securities Plummet: Fed Removes 38% Pandemic QE Additions!**

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New York, NY – As the Federal Reserve embarks on a path of Quantitative Tightening (QT), the central bank has made significant strides in reducing its balance sheet, with total assets dropping to $7.36 trillion in April. This marks the lowest level since December 2020, following a reduction of $77 billion. Since the conclusion of Quantitative Easing (QE) in April 2022, the Fed has managed to shed a total of $1.60 trillion in assets. In …

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Texas Attorney General Ken Paxton Strikes Deal to End Securities Fraud Charges – Will Justice Be Served?

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Houston, Texas – Texas Attorney General Ken Paxton has reached an agreement to pay nearly $300,000 in restitution to resolve criminal securities fraud charges that have been looming over him for almost a decade. This development came just weeks before Paxton was scheduled to face trial on felony charges related to deceiving investors in a tech startup near Dallas, marking the closest he has come to trial since being indicted in 2015. Under the terms …

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Bitcoin hits new record high of $70,000 as UK regulator allows trading of crypto-backed securities

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London, UK – Bitcoin has surged to a new all-time high, surpassing $70,000, following an announcement by the UK financial regulator permitting the trading of crypto-backed securities. The cryptocurrency hit a peak of $71,588 on Monday morning, outpacing its previous record set in November 2021. The UK Financial Conduct Authority revealed that it would not object to investment exchanges establishing a UK-listed market segment for cryptoasset-backed exchange traded notes [cETNs]. Although the FCA is allowing …

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