Hello and welcome to Regulator. Of all the strange, unintended consequences stemming from major lawsuits, I never thought that the Trump administration’s power to force Apple to remove ICE-tracking mobile apps from its stores could have been connected to a legal battle over Fortnite V-Bucks. Yes, we are talking about the in-game digital currency that…
Hong Kong is preparing to turn the local stock market’s operations fully electronic and paperless from early next year, starting with a focus on turning stock ownership into scripless records, the city’s capital market regulator said. The Securities and Futures Commission (SFC) would initiate the five-year reform process from as early as January next year,…
UnitedHealth Group stock fell as much as 13% after the WSJ reported an investigation by the DOJ. The probe focuses on United’s Medicare billing practices. UnitedHealth faces multiple investigations, including antitrust issues and a blocked buyout. The move: UnitedHealth Group stock tumbled as much as 13% to $438.50, exceeding the lows reached in December following…