While during the Trump administration fines and prosecutions related to white collar crime fell, lawyers anticipate it "ramping up" under a Biden administration.
“GSA’s most senior managers now know where and how Citadel makes hundreds of millions of dollars in annual revenues. They cannot forget that information, or put it out of their minds.”
It wasn't just the SEC doling out subpoenas: the company and its founder Trevor Milton also received grand jury subpoenas from the U.S. Attorney's Office for the Southern District of New York on September 19, 2020.
Shares had tanked earlier in the morning by more than 20% when the market thought McDonald's was developing the meatless burger without a partner. Beyond shares spiked during the afternoon after it was revealed they helped McDonald's create the "McPlant".
“The hedge fund industry looks forward to working with the Biden administration on public policies that promote fair, efficient, and transparent capital markets.”
The group claims that mass testing has "distorted the risk of the virus". Their letter was critical of the government's handling of the virus and said that the response to the pandemic has been "disproportionate" relative to the risk...