"My Tattoo Will Be a Constant Reminder"

Judges Deal Latest Blow to SEC’s In-House Courts

In the case decided Wednesday, the judges ruled that a nearly decade-old SEC enforcement action against a small hedge-fund manager was invalid because it violated his right to a jury trial. An SEC judge in 2014 found George Jarkesy liable for fraud, ordering him to pay a $300,000 fine and barring him from the securities industry, according to SEC records.

Congress may in some cases assign legal disputes to agency courts, but the SEC’s fraud cases aren’t so special as to justify funneling them into those forums, the judges wrote.

In addition to violating Mr. Jarkesy’s right to a jury trial, Congress was wrong to have delegated power to the SEC to decide whether to prosecute people in the agency’s in-house or federal district courts, the judges wrote. The panel vacated the judgment against Mr. Jarkesy, who managed about $30 million when the SEC began investigating him.

Galaxy CEO Mike Novogratz Preaches ‘Humility’ Expresses Confidence In Crypto’s Future Despite LUNA/TerraUSD Crash

“There is no good news in what happened in markets or to the Terra ecosystem. In Luna and UST alone, $40bn of market value was destroyed in a very short amount of time. Both large and small investors saw profits and wealth vanish. The collapse dented confidence in crypto and DeFi,” said Novogratz in a letter posted on the Galaxy Digital website.

To that end, he has resolved to keep the LUNA tattoo, which he famously had added to his left arm in TK as a reminder.

“My tattoo will be a constant reminder that venture investing requires humility”.

‘Pharma bro’ Martin Shkreli released from prison, sent to halfway house

In a statement, the U.S. Bureau of Prisons said Shkreli had been transferred Wednesday from a federal correctional facility in Pennsylvania to a “community confinement” program which is the equivalent of a halfway house. It said his projected release date from federal custody is Sept. 14.

In a Facebook post Wednesday, Shkreli, who became known as “pharma bro” for taking a rare, life-saving drug and raising its price by 5,000 percent, shared a selfie from inside a vehicle.