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Articles by Susan Pulliam
A Tiny Company Is Vouching for Risky Insurers in Hurricane Country
LaPlace, La., is the sort of town that is becoming a no-go zone for major insurance companies. Sandwiched between the Mississippi River and Lake Pontchartrain outside of New Orleans, it is only about 10 feet above sea level and has an alarming history of serious storms and flooding. So Nadia Hart was happy that Lighthouse Excalibur Insurance, a small Louisiana insurer with an “A” rating for financial stability, was willing to write a policy on her three-bedroom house in town.
A Tiny Company Is Vouching for Risky Insurers in Hurricane Country
LaPlace, La., is the sort of town that is becoming a no-go zone for major insurance companies. Sandwiched between the Mississippi River and Lake Pontchartrain outside of New Orleans, it is only about 10 feet above sea level and has an alarming history of serious storms and flooding. So Nadia Hart was happy that Lighthouse Excalibur Insurance, a small Louisiana insurer with an “A” rating for financial stability, was willing to write a policy on her three-bedroom house in town.
Once Popular Pre-IPO Investing Platform Linqto Files for Bankruptcy
Linqto, the once-highflying private stock investment platform, has filed for bankruptcy protection, citing investigations into its business and questions about what its customers even own. Linqto was one of the first to capitalize on small investors’ hunger for the hottest private companies, including Elon Musk’s SpaceX and artificial-intelligence company Anthropic, and it became a test case for the risks to individual investors entering the lightly regulated market for pre-IPO shares.
Once Popular Pre-IPO Investing Platform Linqto Files for Bankruptcy
Once Popular Pre-IPO Investing Platform Linqto Files for Bankruptcy An internal investigation uncovered evidence that Linqto customers never owned the securities they thought they did Published July 8, 2025 at 6:00 AM ET Linqto, the once-highflying private stock investment platform, has filed for bankruptcy protection, citing investigations into its business and questions about what its customers even own.
Once Popular Pre-IPO Investing Platform Linqto Files for Bankruptcy
Linqto, the once-highflying private stock investment platform, has filed for bankruptcy protection, citing investigations into its business and questions about what its customers even own. Linqto was one of the first to capitalize on small investors’ hunger for the hottest private companies, including Elon Musk’s SpaceX and artificial-intelligence company Anthropic, and it became a test case for the risks to individual investors entering the lightly regulated market for pre-IPO shares.
新秀平台Linqto曾为散户打开私募大门，如今为何“大翻车”？
2023年1月，未上市股票投资平台Linqto的首席执行官宣布了一个“尖峰日”(Spike Day)，这是一场为期一天的冲刺活动，旨在提升对其客户的销售。该公司客户是那些希望有机会购买热门非上市公司股票的小投资者。 《华尔街日报》(The Wall Street Journal)看到的一封电子邮件显示，时任首席执行官威廉·萨里斯(William Sarris)在给员工的邮件中写道：“全力以赴。这是游击战。” Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Firm Offering Private Shares To the Little Guy Stumbles
Try GOLD - Free The Wall Street Journal | July 01, 2025 Linqto faces investigations and a possible bankruptcy filing In January 2023, the chief executive of the private stock investment firm Linqto announced a "Spike Day," a one-day sprint to boost sales to its customers—small investors looking for a shot at buying shares of coveted private companies. This story is from the July 01, 2025 edition of The Wall Street Journal.
A Hot New Firm Opened the Private Market to the Little Guy. Now It Is in Big Trouble. Original
Sarris was trying to unload shares of Ripple, a privately held crypto company, to Linqto’s 11,000 users, at a price at least 60% higher than what Linqto paid. The Securities and Exchange Commission generally prohibits markups above 10% but Sarris pushed ahead, not disclosing the price hike to customers, and the company pocketed $2 million, according to people close to the situation.
マスク氏の友人が非公開株で大もうけ、からくりは
大きな利益を生む非公開株取引のおかげで、スペースXは米国最大規模の企業になっても世間の監視の目を逃れられる アントニオ・グラシアス氏は米実業家のイーロン・マスク氏と古い友人だ。投資会社バロー・エクイティ・パートナーズの創業者であるグラシアス氏とその家族は、クリスマスも、カリブ海のバハマやワイオミング州ジャクソンホールでの休暇も、マスク氏と共に過ごす。マスク氏との関係は、グラシアス氏には大きな見返りがあった。証券当局や裁判所に提出された文書によると、グラシアス氏が大富豪になった一つの要因は、マスク氏の企業のほぼ全てに投資したことにある。 グラシアス氏とバローは、マスク氏の側近グループ内の立場を利用して金もうけをする新たな方法を見つけた。それは厳重に管理されているマスク氏の非公開企業の株式に投資する機会を外部の裕福な投資家に販売することだ。宇宙開発ベンチャー・スペースXの取締役で電気自動車（EV）大手テスラ TSLA 2.38%increase; green up pointing triangle...
A Side Hustle for Friends of Musk: Selling Access to Stakes in His Private Companies
Antonio Gracias and Elon Musk go way back. The Valor Equity Partners founder and his family spend their Christmases with Musk and vacation with him in the Bahamas and Jackson Hole, Wyo. For Gracias, it has been a lucrative relationship. He has become a multibillionaire in part by investing in nearly all of Musk’s companies over the years, according to public filings and court documents.
A Side Hustle for Elon Musk’s Friends: Selling Access to Stakes in His Private Companies
April 24, 2025 9:00 pm ET Antonio Gracias and Elon Musk go way back. The Valor Equity Partners founder and his family spend their Christmases with Musk and vacation with him in the Bahamas and Jackson Hole, Wyo. For Gracias, it has been a lucrative relationship. He has become a multibillionaire in part by investing in nearly all of Musk’s companies over the years, according to public filings and court documents.
State Farm Was All In on California-Until It Pulled the Plug Before the Fires
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State Farm Was All In on California-Until It Pulled the Plug Before the Fires
After the pandemic, most home insurers were fleeing wildfire-prone areas of California. But State Farm was there—and making a huge bet. It gobbled up market share—and generated substantial commissions for its agents—by insuring high-value homes in the Pacific Palisades and other Los Angeles neighborhoods that many of its competitors rejected as too vulnerable to wildfires. By 2022, State Farm had more than 20% of the California market, dwarfing its competitors. Already a subscriber? Sign In
As Musk Assumes Deregulation Role, Tesla Racks Up Pollution Violations
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As Musk Assumes Deregulation Role, Tesla Racks Up Pollution Violations
As Musk Assumes Deregulation Role, Tesla Racks Up Pollution Violations As Musk Assumes Deregulation Role, Tesla Racks Up Pollution Violations · The Wall Street Journal Sun, November 24, 2024 at 9:00 PM EST 12 min read In This Article: Texas Gigafactory ran afoul of environmental overseers; a faulty furnace door and hazardous wastewater. More Great News for Lucid Heading Into 2025. Is It a Buy Now?
As Musk Assumes Deregulation Role, Tesla Racks Up Pollution Violations
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As Musk Assumes Deregulation Role, Tesla Racks Up Pollution Violations
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As Musk Assumes Deregulation Role, Tesla Racks Up Pollution Violations Original
Tesla left the costly problems largely unaddressed during the critical ramp-up. As a result, the company’s 10 million-plus square foot plant—among the largest car factories in the world—dumped toxic pollutants into the environment near Austin for months.
As Musk Assumes Deregulation Role, Tesla Racks Up Pollution Violations
Just like that, with the 2024 Presidential election in the books, electric vehicle (EV) investors are left to wonder if the U.S. is about to hit a major industry speed bump. President-elect Donald Trump has occasionally spoken out against EVs, and the transition team is rumored to be heavily considering ending the $7,500 federal tax credit, which could soften EV demand. But if Lucid Group (NASDAQ: LCID) CEO Peter Rawlinson is to be believed, Lucid's investors might not have much to worry about.
As Musk Assumes Deregulation Role, Tesla Racks Up Pollution Violations
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AT&T Will Remove Lead Cables From Lake Tahoe
“CSPA’s investigation revealed the abandoned cables were discharging lead. Due to wind-caused currents, anchor strikes, and deterioration over time, the cables have become damaged and degraded,” it said in a statement. AT&T said it hired nine experts to examine the issue and concluded that the cables did “not pose any risk to human health or the environment.” The cables have been at the bottom of the lake for decades.
Elon Musk’s Plan for Monster Rocket Rattles Florida’s Space Coast
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Florida’s Space Coast Braces for Impact—From Elon Musk | Flipboard
1 day ago Elon Musk has said in a post on X, formerly known as Twitter, that he has "no choice" but to move the flagship office of the social platform out of San Francisco. The post was in response to a New York Times report about an email from X chief executive Linda Yaccarino to staff, which said the office …
Florida’s Space Coast Braces for Impact-From Elon Musk
Your browser does not support the audio tag. 00:00 / 02:17 This article is in your queue. CAPE CANAVERAL, Fla.—This is hallowed ground for the U.S. space program, where NASA set the course for moon landings decades ago. But Florida’s Space Coast, as this stretch of palm trees, subdivisions and rocket pads is called, has never seen anything quite as otherworldly as Elon Musk.
The EPA Cop Who Became a Warrior for ‘Forever Chemicals’
As a young toxicologist at the Environmental Protection Agency in the 1980s, Michael Dourson played a central role in figuring out how to gauge whether chemicals are harmful to humans, and at what levels. “Mike was a young up-and-comer,” said Jennifer Orme-Zavaleta, a former senior EPA official who once worked under Dourson as a risk assessor.
EPA Calls on Telecom Executives to Meet About Lead-Sheathed Phone Cables
The Environmental Protection Agency sent letters requesting telecommunications companies to meet with the agency about their lead-sheathed phone cables, in a new phase of an investigation in the EPA’s efforts to protect the public from potential lead hazards. The agency’s move comes on the heels of the EPA finding more than 100 soil and sediment readings with lead above the regulator’s safety guideline for children at some phone lead-cable sites in three states.
WSJ News Exclusive | EPA Calls on Telecom Executives to Meet About Lead-Sheathed Phone Cables
The Environmental Protection Agency sent letters requesting telecom companies to meet with the agency about their lead-sheathed phone cables, in a new phase of an investigation in the EPA’s efforts to protect the public from potential lead hazards. The agency’s move comes on the heels of the EPA finding more than 100 soil and sediment readings with lead above the regulator’s safety guideline for children at some phone lead-cable sites identified by The Wall Street Journal in three states.
NY State Reopens Park as No Widespread Lead Contamination Found; Broader Testing Continues
Gov. Kathy Hochul last month asked three departments to investigate lead cabling in New York. New York state said a Wappingers Falls, N.Y., playground is safe to reopen after testing found no pattern of high lead in 25 samples at the site.
Justice Department and EPA Probe Telecom Companies Over Lead Cables
The Justice Department and Environmental Protection Agency are investigating the potential health and environmental risks stemming from a sprawling network of toxic lead-sheathed telecom cables across the U.S. The Justice Department’s civil inquiry, by the U.S. attorney’s office for the Southern District of New York, is in preliminary stages and focuses partly on whether telecom companies had knowledge of the potential risks to their workers and future environmental impact when they left...
Justice Department and EPA Probe Telecom Companies Over Lead Cables
The Justice Department’s civil inquiry is in preliminary stages. The Justice Department and Environmental Protection Agency are investigating the potential health and environmental risks stemming from a sprawling network of toxic lead-sheathed telecom cables across the U.S.
Environmental Groups Ask EPA to Shield Public From Abandoned Lead Cables
Three environmental groups called on the Environmental Protection Agency to shield the public from the release of lead from cables left behind by telecom companies. In a letter Monday to the EPA, the groups asked the federal agency to ensure the “immediate removal” of all abandoned aerial lead-covered cables hung up on poles and lead infrastructure accessible to children from the ground.
Environmental Groups Ask EPA to Shield Public From Abandoned Lead Cables
What to Read Next
Workers Exposed to Toxic Lead Cables Wrestle With the Aftermath
Tracy Fitchhorn worked with lead solder. Her husband, Dan Fitchhorn, spliced lead cables. Her father, Peter Hopkins, handled lead as an installer and repairman. All worked for decades for telecom companies. All are now sick. The Fitchhorns, like tens of thousands of workers at American Telephone & Telegraph and its successor companies, were exposed to lead on the job over many years. Current and former workers say they often felt left in the dark about their exposure and how to stay safe.
‘I Was Really Sick, and I Didn’t Know From What’
Listen to article (2 minutes) Tracy Fitchhorn worked with lead solder. Her husband, Dan Fitchhorn, spliced lead cables. Her father, Peter Hopkins, handled lead as an installer and repairman. All worked for decades for telecom companies. All are now sick. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
AT&T and Verizon Knew About Toxic Lead Cables-and Did Little
For decades, AT&T, Verizon, and other firms dating back to the old Bell System have known that the lead in their networks was a possible health risk to their workers and had the potential to leach into the nearby environment. They knew their employees working with lead regularly had high amounts of the metal in their blood, studies from the 1970s and ’80s show. Environmental records from an AT&T smelting unit in the 1980s show contamination in the soil.
WSJ News Exclusive | AT&T and Verizon Knew About Toxic Lead Cables—and Did Little
Listen to article (2 minutes) At a gathering of telecom officials more than a decade ago, John Malone, a senior AT&T manager, cautioned the group about a little-known danger crisscrossing the nation. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Lawmakers Demand Telecom Firms Act on Toxic Lead Cables After WSJ Investigation
Sen. Edward Markey is asking the telecom industry to ‘act swiftly’ to curb any risks from lead cables. Lawmakers are demanding that telecom firms act to ensure that Americans are safe after a Wall Street Journal investigation revealed that phone companies have left behind a network of cables covered in toxic lead, tainting water and soil in some locations.
Lead in the Bayou Original
Across the country, telecom companies have left behind more than 2,000 cables containing lead, a Wall Street Journal investigation has found, part of a decaying network installed under the old Bell System.
米通信大手、有毒な鉛ケーブルを全米に放置
AT&T、ベライゾン・コミュニケーションズなど米通信大手が、有毒な鉛で覆われたケーブルの広大なネットワークを全米に放置していることがWSJの調査で明らかになった。
How the Journal Investigated Hidden Lead Cables Circling the U.S.
By John West , Coulter Jones , Susan Pulliam , Shalini Ramachandran and Thomas Gryta July 9, 2023 8:15 am ET The Wall Street Journal collected data on thousands of toxic lead cables crisscrossing the U.S., some abandoned for decades by the nation’s largest telecom companies. How did the Journal figure this out? The phone companies aren’t required to disclose this information and both federal and state environmental agencies have largely been unaware of the risk.
America Is Wrapped in Miles of Toxic Lead Cables Original
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SEC investigating Melvin Capital Management
The U.S. Securities and Exchange Commission is looking into Melvin Capital Management risk controls and investor disclosure after the hedge fund was crippled by the meme-stock rally last year, said people familiar with the matter.
SEC investigating Melvin Capital Management
The U.S. Securities and Exchange Commission is looking into Melvin Capital Management risk controls and investor disclosure after the hedge fund was crippled by the meme-stock rally last year, said people familiar with the matter.
WSJ News Exclusive | SEC Investigating Melvin Capital Management
The U.S. Securities and Exchange Commission is looking into Melvin Capital Management risk controls and investor disclosure after the hedge fund was crippled by the meme-stock rally last year, said people familiar with the matter.
Elon Musk’s business ties to China create unease in Washington
Elon Musk’s ties to China are causing unease in Washington, including among some Republican lawmakers who have been among the billionaire entrepreneur’s ardent supporters. The concerns center on the potential for China to gain access to the classified information possessed by Mr. Musk’s closely held Space Exploration Technologies Corp., including through SpaceX’s foreign suppliers that might have ties to Beijing.
Citadel is further paring back $2 billion Melvin Investment
Citadel LLC is further paring back its $2 billion investment in Melvin Capital Management after the hedge fund stumbled in its effort to recover from a near collapse triggered by surges in GameStop Corp . and other "meme stocks" early last year.
WSJ News Exclusive | Citadel Is Further Paring Back $2 Billion Melvin Investment
Citadel LLC is further paring back its $2 billion investment in Melvin Capital Management after the hedge fund stumbled in its effort to recover from a near collapse triggered by surges in GameStop Corp. and other “meme stocks” early last year.
US investigates block trading to see if bankers are tipping off hedge fund clients on Wall Street
Trading The Securities and Exchange Commission sent subpoenas to firms including Morgan Stanley and Goldman Sachs By Susan Pulliam and Juliet Chung Tuesday February 15, 2022 7:15 am Federal investigators are probing the business of block trading on Wall Street, examining whether bankers might have improperly tipped hedge-fund clients in advance of large share sales, according to people familiar with the situation.
Regulators probe block trading at Morgan Stanley, Goldman, other Wall Street firms
Federal investigators are probing the business of block trading on Wall Street, examining whether bankers may have improperly tipped hedge-fund clients in advance of large share sales, according to people familiar with the situation. The Securities and Exchange Commission has sent subpoenas to firms including Morgan Stanley and Goldman Sachs Group Inc.
SEC调查摩根士丹利、高盛等华尔街公司的大宗交易
据知情人士透露，联邦调查人员正在调查华尔街的大宗交易业务，调查投行人士是否以不恰当的方式在大规模股票出售前向对冲基金客户提供了信息。 部分知情人士说，美国证券交易委员会(SEC)已向摩根士丹利(Morgan Stanley, MS)、高盛集团(Goldman Sachs Group Inc ...
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