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‘Netflix of China’ stock tanks amid SEC probe into billion-dollar fraud allegations

The US Securities and Exchange Commission (SEC) is investigating Baidu’s iQiyi (IQ), aka “the Netflix of China,” after an activist crew of short sellers alleged the video streaming platform cooks its books. “The SEC‘s Division of Enforcement is seeking the production of certain financial and operating records dating from January 1, 2018, as well as documents related to certain acquisitions and investments that were identified in a report issued by short-seller firm Wolfpack Research in April 202...
Tags: Startups, China, Cnn, Netflix, SEC, Baidu, US Securities and Exchange Commission SEC, Hard Fork, Wolfpack Research


iQiyi, the Netflix of China, faces SEC probe

iQiyi is facing a U.S. Securities and Exchange Commission probe after Wolfpack Research accused the company of fraud in an April report.
Tags: Finance, Article, SEC, U S Securities and Exchange Commission, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/markets/earnings, Fox-business/markets/china, Netflix of China, Jonathan Garber, Wolfpack Research, D789e250-52fa-5ee5-803e-16741feb8320


'China's Netflix' is being investigated by the SEC for alleged fraud

Investors are getting nervous about iQiyi, the online streaming provider often referred to as the Netflix of China, as regulators examine allegations of inflated earnings.
Tags: China, Cnn, Netflix, SEC, Netflix of China


Qualified Investor Vs. Accredited Investor: What’s the Difference?

. {display:none !important;} .code-block {display:none !important;} .sovrn_ad_unit  {display:none !important;} The deeper you dive into finance, the more terminology you will have to learn in order to be successful. Take, for example, the difference between a qualified investor and an accredited investor. What do these terms mean? Is there any difference between the two? What criteria will you need to meet to become either one? If investing is in the cards for you, let’s break down...
Tags: Business, Money, SEC, Right Now, U S Securities and Exchange Commission SEC, Couch Potato ETF


A growing number of wealthy tech investors are bucking traditional VCs and starting subscription-based 'rolling' funds

An increasing number of wealthy tech execs, like Facebook alum Dave Morin and Gumroad CEO Sahil Lavingia, are starting so-called "rolling funds," a new type of venture fund pioneered by AngelList that allows investors to "subscribe" on a quarterly basis. Some are attracted to the user-friendliness of the model's style and ability to publicly solicit investors, which might otherwise be illegal. Others see it as way to increase accountability for venture capital partners, who often make money on...
Tags: Facebook, Mark Zuckerberg, North Korea, Trends, SEC, Silicon Valley, Nasdaq, Black, Ryan Hoover, Nyse, Hunt, Dave Morin, Jason Jacobs, Allyson Kapin, Sahil Lavingia, Lavingia


United States: Investment Advisers Settle SEC Charges For Brokerage Fee Misrepresentations - Cadwalader, Wickersham & Taft LLP

In the Administrative Order, the SEC alleged that one of the advisers sent its client orders to the affiliated introducing broker that sent them on to unaffiliated executing broker-dealers.
Tags: News, United States, SEC, Taft LLP


USC football moves forward despite uncertainty surrounding potential spring season

The writing on the wall had been legible to the USC football team for some time. Yes, the Pac-12 had recently announced its new, conference-only schedule in an attempted adjustment in the middle of the ongoing pandemic, and training camps were allowed to begin on Aug. 17. But USC still didn’t have clearance from L.A. County to begin contact practices, and the likelihood of that happening on time was slim. That, combined with the news about just-discovered health risks posed by COVID-19, had the ...
Tags: Utah, Sports, NFL, Sport, Soccer, College sports, SEC, Usc, John Hamilton, Helton, Clay Helton, Bohn, Slovis, USC Football, Mike Bohn, College-football


What’s next? UCLA football looks beyond postponed fall season

Well before the Pac-12 joined the Big Ten on Tuesday in announcing it was canceling the 2020 fall football season and all of its fall sports in hopes of beginning in January and playing through the spring, UCLA had been taking a cautious approach. The Bruins had returned to light workouts in July, with a feeling all along that a postponement or cancellation was inevitable. So, you can forget about the possibility of UCLA opening the season Sept. 26 against rival USC or a 10-game conference sched...
Tags: Sports, Sport, Cnn, Soccer, United States, Nba, College sports, SEC, Espn, Usc, Ucla, Chip Kelly, Kelly, Bruins, CNN Newsroom, North Star


Nothing Beats the Sec. Gatorade Instant Win Game (1,961 Prizes)

Play the Nothing Beats the Sec. Gatorade Instant Win Game twice daily for your chance to win 1 of 1,960 prizes instantly and be entered to win the grand prize, a trip for 2 to the SEC Football... Click to read more...
Tags: Miscellaneous, SEC, Frugality, Daily Entries, Trips & Travel Prizes, Instant Win Games, Ending in October


Ten Big Ten questions: How did we get to a postponed season (and more)?

The 2020 college sports landscape changed dramatically Tuesday when the Big Ten and Pac-12 announced they are postponing their fall seasons over concerns about the COVID-19 pandemic. This has an impact on many sports, with football being at the top of that list in a number of ways. The following list of 10 questions and answers is an attempt to explain what just happened and what might happen next: *So, how did we get here? Sure, let's start with the big one. Without going too deep or getting to...
Tags: NFL, United States, Mlb, Nebraska, SEC, WNBA, Gophers, Andy Slavitt, Power Five, NHL NBA, Minnesota State High School League, Kevin Warren, Husker Athletics Football




United States: MSRB Amends Board Governance Process - Cadwalader, Wickersham & Taft LLP

The SEC approved an MSRB proposal to amend Rules A-3 ("Membership on the Board") and A-6 ("Committees of the Board")
Tags: News, United States, SEC, Board, Taft LLP, MSRB


United States: SEC Cracks Down On Retirement Fund Advisers' Undisclosed Compensation And Conflicts - Proskauer Rose LLP

In August 2020, the SEC issued two orders against VALIC Financial Advisors Inc. (VFA) related to VFA's management of 403(b) and 457(b) plans.
Tags: News, United States, SEC, VFA, Proskauer Rose LLP, VALIC Financial Advisors Inc VFA


Whicker: Spring football is the right move for Pac-12, maybe for good

No law consigns college football to autumn, especially in a place where autumn doesn’t exist. The fallen leaves do not crackle as you walk toward the Coliseum or the Rose Bowl or Sun Devil Stadium. Octobers in L.A. do not bring sweater weather. Pac-12 football will not be played this fall, and, sure, that will leave a void. It will be no more painful than losing your 10 o’clock worship or your monthly hair appointment and not nearly as dislocating as losing your job. As the 40,000 or so empty se...
Tags: Florida, New York, Texas, Mississippi, California, Oregon, Sports, Alabama, NFL, Georgia, Sport, Soccer, Normandy, Arizona, Nba, Wisconsin




Pac-12 football shuts down: Coronavirus cancels fall season

Pac-12 football has overcome two World Wars, one Great Depression, the Spanish Flu, California earthquakes and a slew of other epic societal events, but it couldn’t beat coronavirus. The conference on Tuesday canceled the football season — and all sports competition — until at least Jan. 1, 2021, according to a source, succumbing to the pandemic after months of planning and hoping that its money maker could somehow be salvaged. The decision came a short time after Big Ten presidents voted to shu...
Tags: California, Sports, NFL, Los Angeles, Sport, Soccer, College sports, SEC, Clemson, Washington State, Mayo Clinic, Usc, Ucla, USC Trojans, Power Five, Association of American Universities


Seattle Council Cuts Police Budget, Chief Retires; Is Anarchy Next?

Seattle Police Chief Carmen Best has announced she will retire, after the city council cut her pay and reduced her department's budget. (Screen snip, YouTube, KING-TV) U.S.A. –-(AmmoLand.com)- Hours after the Seattle City Council voted to reduce the police department budget and cut the police chief’s salary, Police Chief Carmen Best announced she will retire next month, setting off a shockwave reaching from Seattle to Fox News in New York, and now the question arises: Will this lead to anarch...
Tags: New York, Nbc, Guns, Minneapolis, Washington, US, America, Best, SEC, Fox News, Capitol Hill, City Council, Republican, Washington State, Seattle, Nra


The rise and fall of Elizabeth Holmes, the Theranos founder whose federal fraud trial is delayed until 2021

Elizabeth Holmes dropped out of Stanford University at 19 to start blood-testing startup Theranos, and grew the company to a valuation of $9 billion. But it all came crashing down when the shortcomings and inaccuracies of the company's technology were exposed, and Theranos and Holmes were charged with "massive fraud."  If convicted, Holmes could face up to 20 years in prison. A California judge initially set an August 2020 start date for the federal trial, but the case has been delayed until ...
Tags: Apple, Hbo, Instagram, Abc, California, Washington, Cbs News, Stanford, Singapore, US, San Francisco, Trends, Walgreens, Beijing, Larry Ellison, Bill Clinton


Tim Cook just officially became a billionaire. Take a look at how the Apple CEO spends his fortune.

Apple CEO Tim Cook is officially a billionaire, per calculations by the Bloomberg Billionaires Index. Apple now has a market value of nearly $2 trillion, per Bloomberg. Cook's wealth derives from his Apple salary, the number of shares he holds in the company, and the proceeds he's made from share sales. Despite his billionaire status, the native Alabaman doesn't live lavishly.  He reportedly spends most of his time at the office and lives in a Palo Alto home that's worth less than 75% of the ...
Tags: Apple, Facebook, Mark Zuckerberg, Nordstrom, Cook, Steve Jobs, New York City, America, Barack Obama, Trends, Nike, Bloomberg, Palo Alto, Hillary Clinton, Larry Ellison, Tim Cook


President Donald Trump Slams College Football Cancellations As ‘A Tragic Mistake’

(CBS Local/CBS Chicago)- The college football season remains up in the air as the Big Ten and Pac-12 are reportedly leaning towards cancelling, while the ACC and SEC appear ready to forge ahead and the Big 12 remains uncertain of what to do. Amidst this conversation about the season, players across the country have united around the #WeAreUnited and #WeWantToPlay campaigns pushing for a plan to safely conduct the season and allow them to organize a players association. President Donald Trump wei...
Tags: California, Sports, Indiana, College sports, SEC, Boston Red Sox, Donald Trump, ACC, Trump, Feeney, Nick Saban, Lou Holtz, Eduardo Rodriguez, Fox Sports Radio, Ed Orgeron, Clay Travis


Updates on college football season: What will the Big Ten, SEC and Power Five leagues do?

There's uncertainty about the future of the college football season with the Big Ten possibly shutting down. Where things stand on key issues.         [Author: USA TODAY]
Tags: Usa, News, SEC, Usa Today


United States: SEC Changes Process Of Choosing Members Of The IAC - Cadwalader, Wickersham & Taft LLP

The SEC outlined an updated nomination process for appointment to the Investor Advisory Committee ("IAC").
Tags: News, United States, SEC, Taft LLP, IAC Cadwalader Wickersham


United States: U.S. Senate Committee Confirms SEC And NCUA Nominations - Cadwalader, Wickersham & Taft LLP

The U.S. Senate Committee on Banking, Housing, and Urban Affairs approved, by voice vote, the renomination of Commissioner Hester M. Peirce to the SEC and the nominations of Caroline A. Crenshaw
Tags: News, United States, SEC, U S Senate Committee, Taft LLP, Hester M Peirce, NCUA Nominations Cadwalader Wickersham


Everything Is The Same At Kodak As Before Except The SEC Probe And Stock Price

And those two things aren’t correlated as you might expect.
Tags: Law, Finance, Kodak, SEC


Hertz sold $29 million in stock despite SEC questions

Hertz did raise millions of dollars through stock sales after its bankruptcy filing, after all.
Tags: Cnn, SEC, Hertz


Apple CEO Tim Cook hits billionaire status

Apple chief executive Tim Cook has joined the billionaire's club, according to analysis by Bloomberg. Cook's net worth reflects a mix of the salary he's earned at Apple, the number of shares he holds in the firm, and the proceeds from his share sales, per Bloomberg. Apple's market capitalization is hovering around $2 trillion. Unlike several other big tech CEOs, Cook is not a founder-CEO, so his net worth is considerably lower than some of his peers. Visit Business Insider's homepage for more ...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Cook, Microsoft, Satya Nadella, US, Trends, Bloomberg, Bill Gates, Tim Cook, SEC, Jeff Bezos, Sundar Pichai


United States: SEC Issues Guidance On Form ADV Disclosures For CARES Act Paycheck Protection Program Loans - Lewis Roca Rothgerber Christie LLP

On April 27, 2020, the Securities and Exchange Commission issued guidance regarding investment advisory firms' duty to disclose loans obtained under the Paycheck Protection Program (PPP)...
Tags: News, United States, SEC, Securities And Exchange Commission, Lewis Roca Rothgerber Christie LLP


Hertz sold $29 million in stock before SEC stepped in

Hertz Global Holdings Inc. raised $29 million selling its likely worthless stock before regulators dissuaded the bankrupt rental-car company from selling more.
Tags: Finance, Article, SEC, Hertz, FBN, Hertz Global Holdings Inc, Fbn/markets, Fox-business/markets, Dow Jones Newswires, Fox-business/industries/auto, Fox-business/politics/sec, E935145b-51e7-5514-a146-ff1f04226f76


Shares of Uber, Lyft drift lower after California judge says that contract drivers are employees

Shares of Uber and Lyft dipped modestly after a California judge granted a preliminary injunction that TechCrunch reports could force the two American ride-hailing companies to reclassify drivers as employees in the state. Uber’s stock is off about 1.3% following the cessation of normal trading hours after dipping around 2% in regular trading. Lyft’s stock is down a sharper 2.1%, though its shares rose during regular trading, making the impact of its after-hours declines smaller in aggrega...
Tags: TC, Lyft, Uber, California, Court, Tech, Automotive, New York Times, SEC, Company, The Company, San Francisco Superior Court, Uber Lyft, Dara Khosrowshahi, PAGA, COVID


A Silicon Valley challenger to the NYSE and Nasdaq is test-driving its alternative stock exchange, but companies may not list there until 2021

The Long-Term Stock Exchange, an attempt to create an alternative to the NYSE, NASDAQ, and other exchanges, said Friday it had recruited a board of directors and begun tests of its trading platform. The 10 directors include Amy Hong of Goldman Sachs, Erica Williams of Kirkland & Ellis, and former SEC enforcer Kathleen Hamm. The US outbreak of COVID-19 delayed plans for the exchange to begin operating in Q1 of 2020. Founder Eric Ries said companies could still start listing on the LTSE in 2020,...
Tags: US, Trends, Citigroup, SEC, Silicon Valley, Andreessen Horowitz, New York Stock Exchange, Nasdaq, Securities And Exchange Commission, Nyse, Eric Ries, Ries, Lean Startup, LTSE, NYSE Nasdaq, COVID