securities

The Securities and Exchange Commission has dropped investigations and lawsuits against crypto firms accused of breaking securities laws, which the firms have denied.

U.S. commercial banks may also be hoarding liquidity, and not lending in out in the repo market, to avoid recognizing around $400 billion in unrealized securities losses, according to Bank of America data.

U.S.-listed securities of PDD have risen nearly 50% since a low in April, bolstered by broad positive sentiment on technology stocks.

The SEC set up a task force in September to crack down on securities law violations related to foreign-based companies.

Severe problems in the subprime mortgage business triggered enormous losses on those securities across Wall Street.