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On the agenda today:
- The SEC's settlement with App Annie shows that alt-data has reached a turning point.
- Wall Street's whistleblowers are making millions from the SEC.
- AOC is targeting the notoriously murky field of family offices.
Let's get started.
Alternative data is no longer the Wild West
After a three-year investigation, the SEC has settled with mobile-app data-provider App Annie and its former CEO for more than $10 million. The settlement is one of the first real crackdowns on the alternative-data industry, and insiders are saying it signals a turning point for the field. Here's why.
Wall Street's newest millionaires are whistleblowers
The SEC just gave payments of $110 million and $4 million to two Wall Street whistleblowers, bringing the agency's watch-dog payouts to a total of $1 billion. But not all whistleblowers hit it big - and some never see a single dollar. Here's an inside look at how the SEC's watchdog program works.
The IPO market has raised more than $99 billion this year
This week's IPOs brought the red-hot market to a record high of $99 billion - even surpassing the $97 billion raised during the dot-com boom. Take a look inside the historic boom that just minted two new billionaires.
AOC wants new rules for family offices
Rep. Alexandria Ocasio-Cortez of New York wants all family offices with more than $750 million in assets to register with the SEC, in an effort to better regulate the opaque industry. This is how the secretive $6 trillion industry is trying to counter.
Inside the rise and fall of Occupy Wall Street
Ten years after the Occupy Wall Street movement, which decried wealth inequality in America, it still isn't easy to discern the impact it made on the country's wealth gap. On the 10th anniversary of protestors taking over Zuccotti Park in Lower Manhattan, we spoke with people on both sides of the battle to find out why it started, what it meant to those involved, and whether or not they think it worked.
On our radar:
- A report in Bloomberg says the Coinbase versus SEC spat has upped the ante in Washington's fight with crypto. Read the full story here.
- Fidelity's head of talent acquisition shares how you can land one of the company's 9,000 open jobs right now. Here are her tips.
- Crypto apps dominated the 28 fastest-growing finance apps this week. Take a look at the full list.