McKinsey reaches $573 million settlement with US states over role in opioid crisis

REUTERS

McKinsey & Co, the consulting firm, has agreed to pay $573 million to resolve investigations by most U.S. states over its alleged role in “turbocharging” sales of opioids, fueling a nationwide epidemic. read more »

GameStop frenzy leaves behind a mess for Wall Street regulators

WASHINGTON POST

Long before an army of small investors buying shares of GameStop shocked Wall Street, regulators saw the need for a clearer, real-time view of the trillions of dollars that sloshed through the markets each day. read more »

U.S. charges head of NY money manager GPB Capital with Ponzi-like fraud

REUTERS

The head of a New York money manager that raised $1.8 billion from investors was criminally charged on Thursday with running a Ponzi-like fraud to cover up poor performance, and diverting investors’ money to boost their pay and fund luxury expenses. read more »

Giuliani Associates Lev Parnas and David Correia Sued by SEC

YAHOO FINANCE

The U.S. Securities and Exchange Commission sued two associates of Rudy Giuliani, the former New York City mayor and lawyer for Donald Trump, alleging they defrauded investors of $2 million in a company that never got off the ground. read more »