Saturday, June 27, 2020

Telegram to pay $18.5 million fine, return $1.2 billion investor money to settle with SEC

Telegram to pay $18.5 million fine, return $1.2 billion investor money to settle with SEC The regulator in October halted a $1.7 billion digital token offering by the firm, which is best known for its messaging app, saying Telegram had raised capital to finance its business by selling 2.9 billion "Grams" to global investors.

from Moneycontrol Business News https://ift.tt/31sJ4tz

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...