What’s Going on in Finance Today
Fan of fantasy sports? Two major fantasy sports services (FanDuel & DraftKings) are under investigation to determine if online-games are being manipulated by their employees. Are fantasy sports sites’ employees taking advantage of insider information for profit? Find out more in the link below or click here.
UBS may have misled investors and is being fined $19M by the SEC. This marks the first U.S. regulatory action alleging misleading statements and omissions in offering materials for structured notes. To get the whole story, click here.
Liquidity, or lack there of, was the major problem during the economic collapse of 2008, but is the issue still lingering? Central banks may not be the primary source of liquidity, says Michael Howell of Crossborder Capital, as more bank financing is done through the “repo” market. Get all the facts in the article below, or click here.
The best news in finance can be found at CFO, here’s today’s roundup…
How bank funding may be squeezed in the next crisis.
CEO’s ability to devote time to the company cited as risk factor in S-1 filing.
Mercer, perhaps a bellwether for growth in the private exchange space, will have 31% more active-employee exchange clients in 2016.
>> David McCann
The firms participated in secondary stock offerings within days of selling those same stocks short.
The five largest third-quarter deals involved Social Finance, Uber Technologies, Fanatics, DraftKings, and GitHub.
The N.Y. Attorney General and the U.S. Attorney’s Office in Boston are both reportedly investigating DraftKings and FanDuel.
The SEC said the bank misled investors in offering materials for structured notes tied to a proprietary currency index.
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