MSP Recovery Equity Warrant Exp 23 May 2027 *W EXP 05/23/2027
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Health Care : Health Care Providers & Services | Small Cap Value
Company profile

MSP Recovery, Inc. doing business as, LifeWallet, is a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery specialist. It is engaged in disrupting the antiquated healthcare reimbursement system, using data and analytics to identify and recover improper payments made by Medicare, Medicaid, and commercial health insurers. It analyzes historical medical claims data to identify recoverable opportunities. The Company has developed over 1,400 algorithms, which help identify waste, fraud and abuse in the Medicare, Medicaid, and commercial health insurance segments. LifeWallet solutions include LifeWallet Health, LifeWallet Legal, LifeWallet Sports, LifeWallet EDU, and LifeChain. It provides services to other parties in identifying recoverable claims as well as provides data matching and legal services. LifeWallet provides comprehensive solutions for multiple industries, including healthcare, legal, education, and sports NIL.

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SEC not considering short-sale ban for banks, Gensler says

2:24 pm ET May 15, 2023 (MarketWatch)

By Chris Matthews

SEC chief says bans 'haven't worked in the past' and destroy confidence in markets

Securities and Exchange Commission Chair Gary Gensler said Monday that the agency is not considering a temporary ban on short selling of stocks in troubled regional banks, because history shows that such policies don't work to prevent panic selling.

Efforts to stabilize the financial-services sector with bans on short selling "haven't worked in the past," Gensler said during an appearance at the Atlanta Federal Reserve Financial Market Conference. He also said that such bans "tend to drive lower liquidity" and "don't necessarily support asset prices."

The regulator added that in the face of past short-sale bans, investors have simply shifted to using derivatives to express their skepticism of certain equities. He said that the bans have also created more fear because they "say to the public that the official sector is not confident in fair, orderly and efficient markets."

Calls for regulators to step in to halt short selling of regional-bank stocks have grown in recent weeks amid the failures of several large financial institutions, including Silicon Valley Bank, and the sale of First Republic Bank to JPMorgan Chase & Co. (JPM).

JPMorgan CEO Jamie Dimon said in an interview last week that regulators should "vigorously" prosecute "unscrupulous" market participants who may be engaged in acts of market manipulation paired with short sales of bank stocks.

See also: Jamie Dimon sets cautious tone on bank regulation for smaller U.S. banks

Other observers of the sector worry that sharp declines in the stock prices of some banks could instigate unsubstantiated fears among depositors that the institutions aren't safe, and this dynamic could create a self-fulfilling feedback loop of deposit flight and stock-price declines that unnecessarily puts those banks in danger.

Regional-bank stocks were rallying Monday, with the SPDR S&P Regional Bank exchange-traded fund (KRE) gaining more than 3%, led by gains at Western Alliance Bancorp. (WAL), Metropolitan Bank Holding Corp. (MCB) and PacWest Bancorp (PACW).

-Chris Matthews

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

May 15, 2023 14:24 ET (18:24 GMT)

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