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All posts tagged "Investor"

GOP rep who promised voters he'd end stock trading now 'most prolific' investor

GOP rep who promised voters he'd end stock trading now 'most prolific' investor

Rep. Rob Bresnahan (R-PA), who campaigned on banning stock trading among lawmakers, is now one of the House's "most prolific traders," according to Business Insider.

The report said that Bresnahan wrote an op-ed in a local paper in March 2021 "stating that if elected, he would co-sponsor legislation to ban stock trading in Congress."

Bresnahan argued at the time, "Some of the most prolific traders in the country serve in Congress. Whether or not they have done something wrong, the idea that we can buy and sell stocks while voting on legislation that will have a direct impact on these companies is wrong and needs to come to an end immediately."...

US regulator warns of Facebook pre-IPO scams

US regulator warns of Facebook pre-IPO scams

WASHINGTON — A US financial regulator warned investors on Tuesday to be wary of con artists peddling non-existent shares in social media companies such as Facebook ahead of their going public.

Shockwaves from Libya hit Italian business

Shockwaves from Libya hit Italian business

MILAN – Shockwaves from the unrest in Libya on Monday hit its former colonial overlord Italy -- a top foreign investor in Libya and a country in which the North African state has also invested billions.