Securities and Exchange Commission

Frontrunning: October 19

  • Rajoy Deploys Ultimate Weapon of Law on Catalonia (BBG)
  • Congress Rolls Toward Shutdown Fight Over Immigration, Obamacare (BBG)
  • Hong Kong Stocks Tumble Most This Year as Geely, Developers Sink (BBG)
  • Inside battle imperils $230 million cryptocurrency deal (Reuters)
  • From Damascus, Iran vows to confront Israel (Reuters)

Bitcoin Tumbles Most In A Month On CFTC ICO Anxiety, South Korea Tax Concerns

After soaring to new record highs near $6000 last week (as China returned to work following its Golden Week holiday), the start of the National Congress last night, combined with CFTC comments on ICO crackdowns has spooked cryptocurrencies with Bitcoin down 8% - its biggest drop in a month..

The 'Real' Peak Complacency

"Stocks are at record highs while volatility is at a record low. Which is another way of saying that investors aren’t as worried as they probably should be about the coming year... But there’s another area of Peak Complacency that is neither natural nor benign. And that’s cyberspace... "

Ethereum Tumbles After South Korea Bans ICOs, Margin Trading

Ethereum and bitcoin tumbled overnight, after South Korea banned local initial coin offerings and margin trading in cryptocurrencies. According to Joongang and Bloomberg, the Financial Services Commission in Seoul said all forms of ICOs are prohibited in the country, including "projects that share profits, rights, dividends, and other "coin-style" offerings, according to a statement."

Frontrunning: September 26

  • Demise of Obamacare Repeal Shows How Far GOP Remains From Goal (BBG)
  • Republican’s Latest Tax Plan Has Little Room to Maneuver (WSJ)
  • Mexico in three-day countdown to search for earthquake survivors (Reuters)
  • Oil near 26-month high as Turkey threatens to choke Kurdish exports (Reuters)
  • North Korea bolsters defenses after flight by U.S. bombers as rhetoric escalates (Reuters)

Frontrunning: September 21

  • Mark Zuckerberg’s Political Awakening (BBG)
  • Bank of Japan Sticks With Easy-Money Settings (WSJ)
  • Bank of Japan board member demands more stimulus (FT)
  • S&P downgrades China, says rising debt is stoking economic, financial risks (Reuters)
  • Boston’s Fate Lies With a Zombie Hurricane as Maria Moves North (BBG)