Cryptocurrency Firm Co-Founder Gets 8-Year Prison Sentence for ICO Fraud
Sohrab ‘Sam’ Sharma was also ordered to forfeit more than $36 million.
News
Will Pent-Up Consumer Demand Really Supercharge the Economy? Uh-uh, Economist Warns
Stephen Roach: A lot of consumer spending already has occurred and the federal aid package will be just a temporary boost.
McAfee Indicted for Fraud, Money Laundering Conspiracy Crimes
Former software firm founder could spend the rest of his life behind bars if convicted.
SEC Charges Seven in $45 Million Pump and Dump Scheme
Kelly Kabilafkas allegedly promoted shares in Airborne Wireless Network, then dumped the stock.
DOL Will Not Enforce Final Rules on ESG, Proxy Voting
The federal agency will revisit the disputed regulations, enacted in the final days of the Trump administration.
Vaccine Elation Will Lead to the Market’s Fall, BofA Sage Warns
The S&P 500’s happy days are numbered, with investors blind to Washington overreach, says Michael Hartnett.
UN’s Herman Bril Named Arabesque CEO of Asset Management
After serving as the CIO of the United Nations Joint Staff Pension Fund since 2016, he takes the helm of the UK asset manager in July.
COLA Freeze Removed from Pension Bailout Plan
American Rescue Plan Act amendment from Chuck Schumer removes cost-of-living adjustment freeze.
ESG-Backing Institutions’ Fave Allocation: Investment Grade Bonds
They’re the top asset in those sustainable portfolios, with 81% opting for them, survey says.
Forget Offices, Invest in Life Sciences Real Estate, Report Says
Spaces for pharmaceutical research and medical device development can generate cash flow, as well as offer downside protection, according to Willis Towers Watson.
SEC Launches Climate, ESG Enforcement Task Force
The team of 22 will identify ESG-related misconduct and focus on climate risk disclosures.
Retail Investors Aim to Spend $170 Billion in Stimulus Aid on Stocks, Survey Says
A significant chunk of the next round of stimulus checks may find its way into the equity markets.
Aviva Targets Net-Zero Carbon by 2040
UK financial service firm’s environmental targets exceed Paris Agreement guidelines.
Canadian Pensions Can’t Quit External Management, Despite In-House Moves
Plans rely on outside help for better returns, talent, and technology.