U.S. Senator Elizabeth Warren (D-MA) speaks as U.S. Trade Representative Jamieson Greer testifies before a Senate Finance Committee hearing on U.S. President Donald Trump's trade policy, on Capitol Hill in Washington, D.C., U.S., April 8, 2025.Democratic senators flagged conflict of interest concerns over the involvement of Commerce Secretary Howard Lutnick's former firm Cantor Fitzgerald in a deal with critical minerals startup USA Rare Earth.Senators Elizabeth Warren of Massachusetts, Chris Van Hollen of ...

Goldman, Nasdaq CEOs to headline Mar-a-Lago crypto 'forum' hosted by Don Jr. and Eric Trump | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]David Solomon, Chairman and CEO, Goldman Sachs, attends at the Global Financial Leaders' Investment Summit, in Hong Kong, China, November 4, 2025. REUTERS/Tyrone Siu [Purchase Licensing Rights, opens new tab]- Companies- Summary- World Liberty Financial central to Trump family's wealth- World L ...

Core Viewpoint - Stephen Hemsley acquired unannounced stakes through affiliates of his investment firm, while UnitedHealth asserts that he complies with conflict-of-interest policies [1] Company Summary - Stephen Hemsley is associated with UnitedHealth and has taken stakes through his investment firm's affiliates [1] - UnitedHealth maintains that Hemsley adheres to established conflict-of-interest policies [1]

RT BSCN (@BSCNews)🚨IS THIS THE BIGGEST CONFLICT OF INTEREST IN CRYPTO?Congress is probing Trump's @worldlibertyfi after reports of a $500M stake sold to UAE royalty. What we know:- Sheikh Tahnoon got 49% ownership, per WSJ- Steve Witkoff family reportedly linked to $31M- March 1 deadline for documentsFull story ⬇️ ...

RT BSCN (@BSCNews)🚨IS THIS THE BIGGEST CONFLICT OF INTEREST IN CRYPTO?Congress is probing Trump's @worldlibertyfi after reports of a $500M stake sold to UAE royalty. What we know:- Sheikh Tahnoon got 49% ownership, per WSJ- Steve Witkoff family reportedly linked to $31M- March 1 deadline for documentsFull story ⬇️ ...

🚨IS THIS THE BIGGEST CONFLICT OF INTEREST IN CRYPTO?Congress is probing Trump's @worldlibertyfi after reports of a $500M stake sold to UAE royalty. What we know:- Sheikh Tahnoon got 49% ownership, per WSJ- Steve Witkoff family reportedly linked to $31M- March 1 deadline for documentsFull story ⬇️BSCN (@BSCNews):https://t.co/h7IBEM6iPA ...

Core Viewpoint - The Securities and Exchange Commission (SEC) has settled with Commonwealth Financial Network, concluding a legal dispute that began in 2019 regarding undisclosed conflicts of interest in mutual fund share class recommendations, resulting in a $93 million penalty [1]. Group 1: Settlement Details - The SEC and Commonwealth filed a joint motion to extend the stay in the case until March 31, indicating they have reached a settlement [2]. - U.S. District Judge Indira Talwani granted the extension to allow time for negotiating the settlement terms, although specific details of the settlement were not disclosed [2]. Group 2: Revenue Sharing and Client Impact - Commonwealth utilized National Financial Services as its clearing broker, allowing representatives to recommend mutual fund shares through both No Transaction Fee and transaction fee programs [3]. - A revenue-sharing agreement between Commonwealth and NFS incentivized the firm to recommend certain mutual fund share classes that were often more expensive for clients, despite the existence of cheaper alternatives [4]. - From July 2014 to March 2018, Commonwealth earned approximately $58.7 million from client assets in No Transaction Fee mutual fund share classes and $77 million from transaction fee share classes between July 2014 and December 2018 [5]. Group 3: Disclosure Failures - Commonwealth did not inform clients about the revenue generated from higher-cost share class recommendations, which were conflicted, and failed to clarify that these conflicts were real, not theoretical, even after amending disclosures in 2017 [6]. - In 2024, Judge Talwani ordered Commonwealth to pay $65,588,906 in disgorgement, $21,185,162 in prejudgment interest, and a civil penalty of $6.5 million [6]. Group 4: Appeal Process - Approximately one month later, Commonwealth sought to appeal the case to the U.S. Court of Appeals for the First Circuit [7].

Core Insights - Recent military actions in Venezuela have brought attention to defense and oil stocks, with L3Harris Technologies Inc (NYSE:LHX) being a potential beneficiary due to its defense focus [1] - Members of Congress have purchased LHX stock, indicating potential insider interest in defense spending and military actions [2][5] Company Developments - L3Harris Technologies plans to spin off its missile business into a separate public company, which will focus on defense platforms and missiles such as Tomahawk and THAAD [3] - The U.S. Defense Department is investing $1 billion in the separated missile company through convertible preferred securities, which will convert to common stock at the anticipated IPO in the second half of 2026 [4] Stock Performance - L3Harris stock reached an all-time high of $361.59, currently trading at $347.59, reflecting a 62.5% increase over the past 52 weeks [6] Congressional Involvement - Specific members of Congress have made significant purchases of LHX stock, with Rep. Richard McCormick, Rep. Gil Cisneros, and Sen. Markwayne Mullin all holding shares [7] - These members serve on various defense committees, raising potential concerns about conflicts of interest regarding their investments in defense companies [5][8]

Core Viewpoint - A senior South Korean lawmaker is under scrutiny for potential conflicts of interest related to his son's employment at Bithumb while he pressured Dunamu, the operator of Upbit, raising concerns about the intersection of politics and the cryptocurrency industry [1][2]. Group 1: Allegations and Actions - Kim Byung-kee, a member of the National Assembly's Political Affairs Committee, is accused of pressuring Dunamu while assisting his son in obtaining an internship at Bithumb [2]. - Reports indicate that Kim met with Bithumb executives in November, coinciding with a job posting for a data analysis intern that matched his son's qualifications [3]. - Kim's son joined Bithumb in January and left in June, with claims that Kim's staff circulated his résumé to other firms prior to the Bithumb role, labeling the hire as "special employment" [4]. Group 2: Public Statements and Denials - Following the meeting with Bithumb, Kim allegedly instructed aides to prepare aggressive questioning for Dunamu, framing Upbit's market dominance as a monopoly issue [5]. - During a Political Affairs Committee session in February, Kim raised concerns about Upbit's market share and its handling of the Terra-Luna collapse, without questioning Bithumb [5][6]. - Kim has denied any wrongdoing, asserting that his legislative activities were based on general policy concerns and unrelated to his son's employment, which he claims was through open recruitment [6]. Group 3: Industry Response - Bithumb has stated that its recruitment process was transparent and noted that concerns about monopolization in the crypto market have been consistently raised by lawmakers and experts since 2021 [7].

Market Dynamics - Crypto com is hiring a quant trader to run an in-house market-making team on its sports prediction market [1] - The move is similar to Kalshi and Polymarket, raising conflict-of-interest concerns [1] Company Policy - Crypto com claims it doesn't rely on proprietary trading revenue [1] - Crypto com gives market makers a 3-second advantage window on sports markets [1]