The SEC conceded in court that its denial of a whistleblower award to hedge fund manager Kyle Bass may be flawed after his lawyers claimed the agency invoked a non-existent rule, failed to follow its own precedent and wrongly ruled that Bass didn’t personally file the tip.
The Fifth Circuit Court of Appeals agreed to stay Bass’s appeal and send the denial back to the Securities and Exchange Commission for a highly unusual second look after it had already issued a final order. Combined with an appeals court ruling unsealed last week that questioned whether activist investor Carson Block deserved ...
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Tehran – Saba: The Iranian Foreign Ministry condemned the subversive actions taken by the rulers of Abu Dhabi against the Islamic Republic of Iran. Last night, Tasnim News Agency reported that the...