Free Republic

At an undetermined date, in an undisclosed location, the Biden administration began operating a secretive new court to protect Europeans’ privacy rights under U.S. law. Officially known as the Data Protection Review Court, it was authorized in an October 2022 executive order to fix a collision of European and American law that had been blocking the lucrative flow of consumer data between American and European companies for three years. The court’s eight judges were named last November, including former U.S. Attorney General Eric Holder. Its existence has allowed companies to resume the lucrative transatlantic data trade with the blessing of...

Congressman Tim Burchett is now exposing insider trading in Congress. Watch out Pelosi!

Donald Trump marked his return to Instagram after more than two years with posts promoting his line of NFT trading cards. The former president, who was previously suspended from Meta’s social media services following the Jan. 6 riot, celebrated his first post in 118 weeks by announcing a “SERIES 2” of his digital cards. The NFTs, which were launched as a “major announcement” in December, depict the 76-year-old as a cartoon cowboy, a sheriff, a race car driver and in other fantastical outfits. The first series of NFTs featured 45,000 cards, which sold out in a day and reportedly made...

A global scamming network has robbed ordinary investors of more than a billion dollars. First, you hear a phone ringing. An elderly man answers. The caller introduces himself as "William Grant", from the trading firm Solo Capitals. He says he has a "great promotion" to offer. The elderly man sounds vulnerable and confused. "I'm not interested, I'm not interested," he says. But William Grant is persistent. "I only have one question," he tells the old man. "Are you interested in making money?" Jan Erik, a 75-year-old pensioner in Sweden, is about to get scammed, again. The call was made from...

A couple of weeks ago, the FAA Air Traffic Control system issued a nationwide ground stop for the first time since 9/11, today the NYSE halted trading on dozens of stocks that experienced will trading ranges at market opening. Both "Computer Glitches" were attributed to technical issues and had nothing to do with computer hacking according to sources at both organizations. I don't believe in coincidences, in the matter of a couple of weeks two major US systems go offline is not something to take lightly, if another system like the major banking or financial systems go offline it will...

A bipartisan group of lawmakers is making a new push to ban members of Congress from private stock trading. It's an attempt to "demonstrate that lawmakers are focused on serving the interests of the American people -- not their own stock portfolios," Rep. Abigail Spanberger, a Virginia Democrat, said in reintroducing the measure along with Texas Republican Rep. Chip Roy. After failing to get a floor vote when last introduced in 2021, the "TRUST (Transparent Representation Upholding Service and Trust) in Congress Act," gained increasing support across the political spectrum in 2022 with 75 cosponsors, and its backers say that...

Rep. Brian Fitzpatrick, R-Penn., joined 'Fox & Friends Weekend' to discuss the report and legislation surrounding lawmaker stock trading. #FoxNews Over 1800+ held stock in Tech companies, while scrutinizing those companies 60+ Traded in companies before their department announced enforcements 200+ invested in companies lobbying their agency 400 WH and State department officials bought Chinese stocks

Insider and several other news organizations have identified 71 members of Congress who've recently failed to properly report their financial trades as mandated by the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act. Congress passed the law a decade ago to combat insider trading and conflicts of interest among their own members and force lawmakers to be more transparent about their personal financial dealings. A key provision of the law mandates that lawmakers publicly - and quickly - disclose any stock trade made by themselves, a spouse, or a dependent child. But many members...

A former U.S. congressman from Indiana, technology company executives, a man training to be an FBI agent, and an investment banker were among nine people charged in insider trading, with unsealing of indictments in New York City,. It was one of the most significant attacks by law enforcement on insider trading in a decade. A prosecutor and other federal officials pledged fresh enthusiasm for similar prosecutions in the future. . Stephen Buyer was accused of insider trading during the , April 2018 merger of T-Mobile and Sprint. An indictment identified him as misappropriating secrets learned as a consultant to make...

It may come as a surprise to some but the head US trader of the same bank that spawns mARKKo Kolanovic’s weekly bullishness, is also one of the most bearish market commentators. Below is the trading desk commentary for JPM’s Elan Luger, head of US trading. The most positive thing I can say about this market is that what had been heavily debated in Q1 is now the overwhelming consensus. Everyone is a bear. China is shutdown, inflation is running wild, Russia / Ukraine continues to impact supply chains, animal spirits are dead, the fed has lost control, QT is...

Study the chart on Kinross Gold, which has about 12-20% of its gold mining operation in Eastern Russia. It seems rather odd that the stock hit $7 in December and suddenly plummeted starting December 9, 2022 all the way down to $5.04 per share for no real supposed reason by December 15, 2022. The Russians invaded the Ukraine February 24, 2022.

Walter Shaub A congressional stock trading ban is likely to pass. So some members are trying to push competing bills with a spousal loophole that they can drive a truck through. Let’s be clear: a congressional stock trading ban is worthless if it doesn’t cover spouses.

CIRCA 2007 Paul Pelosi stays in the shadows, even as the millions he has made as a successful San Francisco financier and businessman have helped fuel the political career of his wife, Nancy.......conservative Republican commentators and bloggers raise the threat of her "San Francisco values" steering Congress hard to the left are turning their sights on 66-year-old Paul Pelosi and his investments as a way of attacking the new Democratic speaker. Paul Pelosi won't be giving interviews because "he's a private person, not involved in political life,Mr. Pelosi's investments are separate from hers, and they have separate careers," saaid an...

House Speaker Nancy Pelosi (D-CA) was asked in a press conference earlier this month whether members of Congress should be allowed to trade individual stocks, despite often having access to insider information.Pelosi was all in favor of it, saying “We’re a free-market economy” and that members of Congress “should be able to participate in that.”REPORTER: "Should members of congress and their spouses be banned from trading individual stocks while serving in congress?"PELOSI: "No…We are a free market economy. They should be able to participate in that." pic.twitter.com/2SNqSCwFEU— Townhall.com (@townhallcom) December 15, 2021Turns out that within a few days of that,...

I thought US House Speaker Nancy Pelosi was going to retire, but now it looks like she wants to keep inside trading with information about regulation and government spending that investors don’t have. Today, her investments were released for the last two weeks of December. Largely, her investments were in call options for Disney, Saleforce, Roblox, Micron and Google (Alphabet). I would prefer that she retire and replace Cramer on CNBC’s Mad Money. So she could bang the gong instead of her gavel. Or call it CNBC Investing Club with Nancy Pelosi. Her defense that she should be allowed to...

It’s hard to think of anything more symbolic of America’s gilded and decadent ruling class than elected officials owning pieces of the very economy they’re officially charged with managing. All told, it’s difficult to imagine something more darkly symbolic of a decadent ruling class than a multimillionaire member of Congress mounting a transparently self-interested defense of political insider trading. Nonetheless, that’s exactly what House Speaker Nancy Pelosi did this week when asked about a proposed ban on members and their spouses holding and trading stocks while in office. “This is a free market, and people — we are a free...

Hacker socially engineered customer support employee to obtain millions of names and emails, demanded extortion payment Mobile stock trading platform Robinhood (NASDAQ: HOOD) on Monday fessed up to a security breach that exposed names and email addresses for millions of users and “extensive account details” for what appeared to be very specific targets. The Menlo Park., Calif-based company, which claims that about 13 million users trade stocks ETFs, and cryptocurrencies using its mobile app, said the breach happened on November 3 when a hacker stole names, email addresses, dates of birth, zip codes and additional personal information from its customer...

Wall Street trading will never be the same again. This “thing” they call the meme stocks, the Reddit Army, the Robin Hood traders -- it's not a fad. It’s real. And it has only just begun to change Wall Street forever. What happened? In the last few years, the friction that used to benefit the powerful in the system of trading stocks has been eliminated. And on top of that, social media has become widely adopted and used by bajillions of people around the world. The way this has changed things requires us to look at the way things were...

Have you ever heard of the Depository Trust & Clearing Corporation? What about Cede and Company? If those names are foreign to you, then you don’t really understand how the core of our financial system really works. A lot of people are blaming Robinhood CEO Vlad Tenev and the heads of other major trading platforms for the stock trading restrictions that we witnessed last week, but it was actually the DTCC that suddenly jacked up deposit requirements ten-fold. Robinhood and other trading platforms were put in a vise-like grip, and they had no choice but to act. Someone needs to...

Something bad is about to go down at Robinhood.One day after the company drew down on its bank lines and obtain a $1 billion rescue capital investment, the company found itself in lockdown mode, allowing just a handful of shares to be bought at a time, effectively shutting down in all but name (it couldn't risk another day of furious public outcry and massive client departures if it blocked trading completely).However, just before the close, things got downright surreal when in a blog post the broker - which should probably change its name from Robinhood to Suit - made a...