Capital Flow

Jury finds Andrew Left guilty of securities fraud, activist short-selling industry may face pressure

U.S. activist short-seller Andrew Left has been found guilty of securities fraud by a jury. Three sources confirm the case is tied to allegations that he used social media and media appearances to influence the market while concealing his true trading intent. Reuters said the case caps a years-long probe into activist short-selling and could reshape industry practices, while CNBC described it as a blow to short-sellers who have long sought to move markets through public accusations.

Jun 4, 2026

Paramount Skydance advances WBD acquisition as regulatory review and $15 billion financing move ahead

Three sources point to the same cross-border deal: Paramount Skydance’s acquisition of Warner Bros. Discovery (WBD) is moving through regulatory review, while related leveraged loan/term loan B financing at the $15 billion level has been completed. The sources differ on the deal value, the status of regulatory approval, and certain meeting details, and some points appear in only one source and cannot be independently confirmed.

Jun 3, 2026

SEC Proposes Repeal of Climate Disclosure Rule: Climate Risk and Emissions Reporting Requirements for Public Companies Enter Adjustment Process

On May 29, 2026, the U.S. Securities and Exchange Commission (SEC) proposed repealing a rule related to climate disclosures by public companies. All three sources confirm that the rule originally required companies to disclose information related to greenhouse gas emissions and climate risk in registration statements and annual reports. Whether the rule had previously been stayed by litigation, and the specific reasons behind the repeal proposal, cannot be confirmed from the provided sources.

May 31, 2026

China steps up crackdown on “illegal” cross-border securities trading, hitting Tiger Brokers, Futu and Longbridge

On May 22, 2026, China’s securities regulator announced a stronger crackdown on “illegal” cross-border securities and stock trading, affecting brokers or platforms including Tiger Brokers, Futu and Longbridge. Three sources point to the same core outcome: the regulatory move has already taken effect and the companies’ shares or ADRs came under pressure, though the exact penalties, targets and business descriptions differ across the sources.

May 27, 2026

Blockchain.com confidentially files for IPO in the U.S., with offering size and pricing undisclosed

Reuters reported that Blockchain.com has confidentially filed for an initial public offering in the United States. The planned number of shares and price range have not yet been determined. The filing is confidential, which allows the company to advance IPO preparations without drawing public market scrutiny.

May 26, 2026