The original Wolf of Wall Street, Jordan Belfort, was a rogue trader convicted of fraudulently selling worthless penny stocks to naive investors. His biopic, starring Leonardo DiCaprio as the ostentatious, money-obsessed huckster, was a box-office hit in 2013. Although it may have been intended ...Read More

The hedge fund industry is at an “inflection point”, according to titans in the sector, which could see the idea of “star managers” take a back seat to artificial intelligence (AI) and data-driven strategies. Efficiency in markets and the wider availability of financial data ...Read More

The judge overseeing the $1 billion fraud case of defunct New York hedge fund firm Platinum Partners has ordered a separate trial for a defendant planning to argue that Platinum Chief Investment Officer Mark Nordlicht and other defendants were guilty as charged. In a ...Read More

Billionaire Stanley Druckenmiller and Federal Reserve chair runner-up Kevin Warsh have invested in a cryptocurrency project called Basis, along with many other investors, the company said Wednesday. Bain Capital Ventures said it led the $133 million private placement, which was the private equity firm’s first purchase of cryptocurrency tokens. ...Read More

In a long-expected move that would affect the roughly 43 million households with brokerage or retirement accounts, the Securities and Exchange Commission voted on Wednesday to propose rules that would require brokers to put their customers’ financial interests ahead of their own. But not ...Read More

Savedroid, a German company that purportedly raised $50 million in ICO and direct funding, has exited with a bang. The site is currently displaying the above image and the founder — one Dr. Yassin Hankir — has posted a tweet thanking investors and saying ...Read More

By Jack J. Kelly   For the longest time, regulators paid little to no attention to the emerging cryptocurrency market.   The obvious lack of interest was curious to say the least. It could have been due to their collective hoping and wishing that ...Read More