SEC Charges Hedge Fund for Repeat Offense (Institutional Investor)
A little-known firm has been accused of violating the SEC’s short-selling rules for the second time. A small hedge fund has been accused by regulators of violating short-selling rules for the second time in eight years. The Securities and Exchange Commission charged Sabby Management and managing partner Hal Mintz with fraud, in what it called “a long-running scheme involving misrepresentations…
Hedge Fund Manager Delivers Bullish Ripple Forecast (TheArmChairTrader)
Over the past 30 days, the price of XRP has shot up by a solid 22%. Traders’ interest in XRP is already quite high, indicating the potential for significant market activity, as Google searches for ‘Ripple news’ have skyrocketed by 122%. Ripple has the potential to hit a record-breaking $10 to $30 per coin in the next 3-4 months, according to Thomas Kralow, a crypto hedge fund manager and founder of Kralow Capital and Kralow Ventures.
3AC Seeks Contempt of Court Ruling on Founder Kyle Davies for Failing to Respond (CoinDesk)
Kyle Davies should be found in contempt of court for failing to respond to a subpoena for information about the collapse of Three Arrows Capital (3AC), documents filed by the bankrupt hedge fund’s estate Wednesday said. The filing urges a New York court to impose a fine of $10,000 per day for wilfully ignoring previous requests, citing Davies’ lavish lifestyle and handsome profits from having run the company, whose bankruptcy in the middle of last year soon sent shockwaves across the crypto sector.
Canva’s New Developer Tools and $50M Investment Fund (GlobalVillageSpace)
Canva, the popular design platform, has announced a new software development kit (SDK), more robust APIs and a $50 million fund to encourage developers to tap into its user base. The announcement was made at the first Canva Extend developer conference in San Francisco. The SDK will enable companies to build applications on top of the Canva platform. The company has also released a slew of new APIs, including Asset for uploading media to the Canva library, Data to add data to Canva, Design for building new design tools on top of Canva, Fetch for sending HTTP requests and User for authentication. The company has also announced an app marketplace to distribute the apps built on top of the platform.
Thursday 6/15 Insider Buying Report: CZR, FTK (Nasdaq.com)
On Wednesday, Caesars Entertainment’s Chief Executive Officer, Thomas Reeg, made a $370,725 buy of CZR, purchasing 7,500 shares at a cost of $49.43 each. Reeg was up about 2.5% on the purchase at the high point of today’s trading session, with CZR trading as high as $50.67 in trading on Thursday. Caesars Entertainment Inc is trading up about 3% on the day Thursday. And on Tuesday, Director Matthew Wilks purchased $107,236 worth of Flotek Industries, purchasing 138,112 shares at a cost of $0.78 each. Before this latest buy, Wilks made one other purchase in the past year, buying $31,862 shares for a cost of $0.74 a piece. Flotek Industries is trading up about 1.3% on the day Thursday.
Over $1M Bet On This Tech Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying (Benzinga)
Emeren Group: The Trade: Emeren Group Ltd (SOL) CFO Shah Capital Management acquired a total 303,854 shares an average price of $3.54. To acquire these shares, it cost around $1.08 million. Grove Collaborative Holdings: The Trade: Grove Collaborative Holdings, Inc. (GROV) Director John B Replogle acquired a total of 60,242 shares at an average price of $1.72. The insider spent around $103.56 thousand to buy those shares. The company’s President & CEO also purchased company’s shares.
