Wall Street regulator proposes to expand the definition of broker-dealers

REUTERS

The U.S. Securities and Exchange Commission (SEC) on Monday proposed expanding the definition of broker-dealers and mandating that Principal Trading Firms (PTFs) must register with the agency. read more »

Microsoft Is Tied To Hundreds Of Millions Of Dollars In Foreign Bribes, Whistleblower Alleges

THE VERGE

In 2016, Yasser Elabd noticed a $40,000 payment to a client in Africa that didn’t smell right. The payment came from Microsoft’s business investment fund — money meant for closing deals and opening up new lines of business. But the customer named in the request wasn’t a customer at all, at least not according to the internal client list. He was a former Microsoft employee who had been terminated for poor performance, and he’d left the company so recently that its rules would have barred him from approval. read more »