Newsweek (December 2)
“The failure to conduct basic due diligence of Bankman-Fried is after all what led to his ability to take so many people for a ride. That refusal to investigate reflects the complexity of the crypto industry and the difficulty involved in tracking the flow of funds and risk on the blockchain. But it’s also further evidence of how the media gets hoodwinked by Robin Hood narratives, something many technology leaders have learned to leverage well.”
Tags: Bankman-Fried, Blockchain, Complexity, Crypto industry, Difficulty, Due diligence, Evidence, Failure, Funds, Hoodwinked, Investigate, Media, Risk, Robin Hood, Tracking
Institutional Investor (October 17)
Due to strained resources, the Securities Exchange Commission (SEC) is less likely to investigate insider trading that occurs further afield from its field offices. Traders seem to know this. “A 100-kilometer increase in distance between a firm and the nearest SEC office resulted in a 16.5 percent jump in illegal trades at that firm. Meanwhile, firms within 100 kilometers of the SEC were less likely to engage in these types of trades.”
Tags: Distance, Firm, Illegal trades, Insider trading, Investigate, Resources, SEC, Traders
