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Photo: Kimberly White (Getty Images)Ozy CEO and co-founder, Carlos Watson, was arrested on Thursday for conspiring to commit securities fraud and conspiring to commit wire fraud. His arrest comes just days after fellow co-founder and Chief Operating Officer Samir Rao and Suzee Han, Ozy’s former chief of staff, pleaded guilty to fraud charges.Watson is now accused of engaging “in a scheme to defraud OZY’s investors, potential investors, potential acquirers, lenders, and potential lenders,” according to federal court…

John J. Ray III, CEO of FTX Group, testifies during the House Financial Services Committee hearing titled Investigating the Collapse of FTX Part I, on December 13, 2022 Photo: Nathan Howard (Getty Images) The House Financial Services Committee began one of its most dramatic hearings in recent memory Tuesday, while its main subject, disgraced crypto exchange founder Sam Bankman-Fried, sat behind bars in a cell nearly 1,000 miles away.Instead, lawmakers questioned court-appointed FTX CEO John Ray III who said he had never…

Some major employers have already begun displaying salary data ahead of the November 1 deadline.Image: Gorodenkoff (Shutterstock)Slowly but surely, the way we view labor is changing across the world. From the world’s largest four-day work week experiment to the growing number of unionization attempts occurring at major corporations, our world’s workforce is demanding to be seen and heard. On November 1, a new law will finally go into effect in New York City that requires employers to post salary information on job…

Photo: Michael M. Santiago (Getty Images)The Securities and Exchange Commission delivered the lightest of slaps on the wrist to 16 Wall Street financial firms on Tuesday after “widespread and longstanding failures” to preserve employee communications like texts and WhatsApp messages—a clear violation of recordkeeping provisions in the Securities Exchange Act of 1934.The SEC alleges that from January 2018 through September 2021 employees at America’s largest financial firms were routinely using private phones and messaging…

Photo: Eric Gay (AP)The Texas law that seeks to stop companies from being mean to fossil fuels is getting popular—even if its execution and implications are still murky. States across the country are looking at adopting similar bills to one passed in Texas that forbids the state from doing business with any institutions that “boycott” fossil fuels.The original bill was passed last year, but its enforcement mechanisms are just now coming into play. The bill instructs the Texas comptroller to createa list of businesses…