Securities

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SEC Hands FTX Auditor Two-Year Suspension Over ‘Negligent’ Work

The Prager Metis partner who led the audits of collapsed crypto trading platform FTX has agreed to a two-year professional suspension for what the SEC called “negligent” work.

By Amanda Iacone

Lawmaker Urges SEC to Probe ‘Suspicious’ Trading Amid Iran War

Wall Street’s top regulators should investigate unusual trading activity in oil and equity futures markets shortly before President Donald Trump postponed military strikes against Iran last month, a lawmaker said Wednesday.

NYC Pension Asks Exxon to Alter ‘Self-Interested’ Voting Program

The New York City Comptroller’s Office asked ExxonMobil Corp. to update its new retail shareholder voting program so individual investors have options other than “robo-voting in line with board recommendations.”

Lending Platform Upstart Sued Again Over AI Performance on Risks

An Upstart Holdings Inc. investor has sued the borrower-lender matching company over statements touting its latest artificial intelligence model, in what is at least the second securities suit over its risk algorithms.

Fed Minutes Show Officials Saw Two-Sided Risks From Iran War

A growing number of Federal Reserve officials worried the Iran war could further stoke inflation and wanted to make clear following their March meeting that the central bank may have to consider raising interest rates.

Bored Ape Creator Settles Case Over Now-Banned Knock-Off NFTs

The creator of Bored Ape Yacht Club nonfungible tokens settled a trademark dispute with a pact that bans a pair of artists from selling identical-looking tokens.

Paramount’s Jeff Shell to Leave Post After Lawsuit Scandal

Jeff Shell is stepping down as president of Paramount Skydance Corp. following a contentious lawsuit by a high-stakes gambler who accused him of leaking inside information.

Gibson Dunn Partner Takes Top Enforcement Role at SEC

A former Securities and Exchange Commission official will return to the agency next month to take the top enforcement job following the sudden resignation of the previous director.

Baratta Says Easing Mideast Tensions Could Boost PE Dealmaking

An easing of hostilities in the Middle East may create conditions that bolster private equity dealmaking through the rest of the year, according to Blackstone Inc.’s Joe Baratta.

Minnesota Man Misled Investors About Spirits Company, SEC Says

The Securities and Exchange Commission sued a Minnesota businessman and two entities he controlled, alleging they created fake sales to inflate revenue figures and mislead investors about a now-defunct organic spirits company.