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The SEC has revealed an ongoing investigation of insurance company AmTrust Financial Services, and secret FBI recordings by a BDO auditor are at the center of the probe into AmTrust’s financial maneuvering – WSJ

One might think that Tesla shareholders would be thrilled with yesterday’s news that Elon’s car-making arm has surpassed even GM in market value.  True, perhaps, but only to a point. Turns out that Tesla’s recent surge has some wishing for more of an under-the-radar approach – NYTimes and WSJ

Altice USA, the American arm of Frenchman Patrick Drahi’s increasingly global cable empire, filed paperwork on Tuesday to go public with a planned offering that would value the company at more than $20 billion – WSJ

The SEC’s bringing the war against fake news into the financial world – Law360

Uber’s head of policy and communications, Rachel Whetstone—having helped the company weather months of bad PR over workplace culture and executive behavior—is calling it quits and jumping ship to Exodus – NYTimes and WSJ and Bloomberg

The Journal highlights a major stumbling block for the virtual currency Bitcoin: thus far, it’s way more buzz than bite – WSJ

Meredith Corp. is reportedly in “late-stage discussions” to take over Time, Inc. – Bloomberg

According to “The Golden Passport,” a new book by business journalist Duff McDonald, a much-prized H.B.S. M.B.A. is actually B.A.D. – NYTimes

Skipping Rocks Lab has developed a rather unconventional solution to the overabundance of plastic water bottles in the world: edible water orbs. Seriously – Mashable

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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