Wichita Eagle

Barclays Agrees to Multi-Million Settlement in Securities Case

Those were the words that regulators at the Securities and Exchange Commission used when announcing a $361 million settlement with Barclays to resolve charges the financial services giant offered and sold about $17.7 billion of securities in unregistered transactions. The UK-based bank declined to comment and there was no finding...

Robinhood to take bigger restructuring charge as it exits leases

Robinhood Markets Inc. HOOD, +3.38% said late Friday it will take higher-than-expected restructuring charges as it exits leases on office space that it is not using. In a Securities and Exchange Commission filing Friday, the online broker said it expects to take charges of $90 million to $105 million in the third quarter, up from a previous estimate between $45 million to $60 million, in restructuring charges as a result. In August, the company said it was cutting 23% of its full-time staff, following cuts announced in April, which led it to re-evaluate its real-estate portfolio. Robinhood said it decided to partially or completely close five more offices, with four of those leases on office space that has never been occupied. The closures will not result in further layoffs, the company said.
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Senate Bill Would Offer Safe Harbor for Crypto Exchanges

A new proposal would offer cryptocurrency exchanges a safe harbor for listing tokens that might be securities. Draft legislation by Senate Banking Committee member Bill Haggerty (R-Tenn.), would complement other proposals for a regulatory sandbox intended to allow blockchain and cryptocurrency developers to experiment with build tokens that might otherwise be securities.