Tesla Bitcoin purchase could launch SEC investigation, former Branch Chief says

TESLARATI

Tesla’s $1.5 billion purchase of the cryptocurrency Bitcoin could be subjected to an investigation, according to Doug Davidson, a former Branch Chief of the Securities and Exchange Commission’s Divison of Enforcement. The SEC could look into the exact date of Tesla’s BTC purchase, as well as if CEO Elon Musk’s tweets gave its investment an appreciation in value. read more »

Massachusetts regulator subpoenas GameStop bull 'Roaring Kitty'

REUTERS

Massachusetts securities regulators have issued a subpoena seeking the testimony of a YouTube streamer who helped drive a surge of interest in GameStop Corp as part of a review of his registration, including his “outside business activities,” an official said on Wednesday. read more »

Robinhood, Melvin Capital, Citadel executives expected to testify in Congress on GameStop turmoil

REUTERS

Executives from Robinhood, Melvin Capital and Citadel Securities are expected to testify before a House panel at a Feb. 18 hearing exploring trading turmoil in GameStop Corp and related stocks, said two sources familiar with the matter. read more »

Houston scientist settles grant fraud allegations

DOJ

A local scientist and his southwest Houston invention and technology company have agreed to pay nearly $150,000 to resolve allegations they defrauded the National Science Foundation (NSF) and the Navy, announced U.S. Attorney Ryan K. Patrick. read more »