U.S. SEC says charges Egan-Jones, CEO with conflict of interest violations
WASHINGTON – The U.S. Securities and Exchange Commission (SEC) said on Tuesday that it has charged Egan-Jones Ratings Co. and its chief executive with conflict of interest violations. Without admitting or denying…
U.S. financial firms push back on SEC bid to rein-in blank check company deals
By Katanga Johnson WASHINGTON – U.S. financial industry groups are pushing to water down a draft Securities and Exchange Commission (SEC) rule aimed at reining-in special purpose acquisition companies or SPACs, arguing…
U.S. SEC investigating Goldman Sachs over ESG funds – WSJ
(Reuters) – The U.S. Securities and Exchange Commission is looking into Goldman Sachs Group Inc’s asset-management division over its funds that look to invest based on environmental, social and governance (ESG) standards,…
U.S. SEC gets ready to propose changes to stock market operations – WSJ
(Reuters) – The U.S. Securities and Exchange Commission (SEC) is preparing to propose big changes to the stock market that could reshape how it operates, the Wall Street Journal reported on Monday,…
WH Press Sec Scrambles To Avoid Question On When Schools Will Reopen
WH Press Sec Scrambles To Avoid Question On When Schools Will Reopen Laurel Duggan on June 3, 2022 White House COVID-19 Response Coordinator Dr. Ashish Jha was cut off before answering whether…
Joe Biden Falsely Claims He Was Appointed to Naval Academy, Press Sec. Plays Dumb When Confronted
President Joe Biden’s White House Press Secretary Karine Jean-Pierre said she “did not hear” President Biden falsely claim he was “appointed” to the Naval Academy, during the White House press briefing on…
‘I Was Wrong’: Biden’s Treasury Sec Admits She Bungled Inflation Prediction
‘I Was Wrong’: Biden’s Treasury Sec Admits She Bungled Inflation Prediction Josh Hypes on June 1, 2022 United States Treasury Secretary Janet Yellen admitted she was wrong in the past about her…
SEC settles with Florida firm over $410 million IPO-linked fraud
NEW YORK – The U.S. Securities and Exchange Commission has reached a settlement with a Florida firm it said raised at least $410 million by fraudulently promising investors access to private companies…
Biden’s Energy Sec Claims He Is ‘Obsessed’ With Lowering Gas Prices. So Why Do Prices Keep Going Up?
Biden’s Energy Sec Claims He Is ‘Obsessed’ With Lowering Gas Prices. So Why Do Prices Keep Going Up? Thomas Catenacci on May 26, 2022 Energy Secretary Jennifer Granholm said President Joe Biden…
CRUDE FLIP-FLOP: Biden’s Energy Sec Now Open To Oil Ban, But Will It Actually Lower Gas Prices?
CRUDE FLIP-FLOP: Biden’s Energy Sec Now Open To Oil Ban, But Will It Actually Lower Gas Prices? Thomas Catenacci on May 25, 2022 The Biden administration appeared to reverse its previous position…
U.S. court sides with SEC on market data overhaul in blow to big exchanges
By John McCrank NEW YORK – A U.S. appeals court on Tuesday said the Securities and Exchange Commission can proceed with its overhaul of the way essential stock market data is collected…
U.S. SEC chair says much to be done to protect crypto investors
By John McCrank (Reuters) – Cryptocurrency assets are highly speculative and investors in them need more protections or they could lose trust in the markets, Gary Gensler, chair of the U.S. Securities…
Trump Officials Planned On Sending 250,000 Troops To The Border, Former DOD Sec Says
Trump Officials Planned On Sending 250,000 Troops To The Border, Former DOD Sec Says Jennie Taer on May 6, 2022 Trump administration officials were preparing to send a quarter of a million…
Archegos risk chief resolves some U.S. SEC claims
NEW YORK – The former chief risk officer of Archegos Capital Management has partially settled U.S. Securities and Exchange Commission claims he aided a fraud at Bill Hwang’s private investment firm that…
U.S. SEC announces asset freeze against those allegedly behind nearly $450 million Ponzi scheme
WASHINGTON – The U.S. Securities and Exchange Commission (SEC) on Friday announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly behind a nearly $450 million Ponzi scheme.…
U.S. money market funds say SEC draft rule would kill some products
WASHINGTON – U.S. asset managers are pushing back on draft rules aimed at fixing systemic risks in the $5 trillion money market funds industry, arguing that one of the proposed measures would…
U.S. SEC says crypto safekeeping arrangements should be treated as liability
By Michelle Price WASHINGTON – U.S. listed companies that hold cryptocurrencies on behalf of users and customers should account for those assets as a liability on their balance sheet and disclose the…
SPACs face fresh SEC threat for bullish forecasts – Bloomberg News
(Reuters) – The U.S. Securities and Exchange Commission (SEC) will propose limiting the legal protections that blank-check companies rely on to make bullish projections, Bloomberg News reported on Tuesday. The regulation will…
Elon Musk invokes rapper Eminem in opposing SEC decree
By Jonathan Stempel NEW YORK – Elon Musk on Tuesday likened himself to the rapper Eminem in seeking to throw out his 2018 agreement with the top U.S. securities regulator requiring the…
U.S. SEC charges three Twilio engineers with insider trading
(Reuters) – The U.S. Securities and Exchange Commission said on Monday it charged seven California residents for allegedly generating more than $1 million in profits via insider trading ahead of Twilio Inc’s…
Thailand to ban use of digital assets as payments from April – SEC
BANGKOK – Thailand has issued rules to ban digital assets from being used to pay for goods and services from April 1, the market regulator said on Wednesday. The move was in…
SEC Unveils Sweeping Climate Requirements For Public Companies
SEC Unveils Sweeping Climate Requirements For Public Companies Thomas Catenacci on March 21, 2022 The U.S. Securities and Exchange Commission (SEC) proposed rules Monday that would force companies to publicly disclose a…
U.S. SEC warns brokers to ‘remain vigilant’ to market, counterparty risk
By Katanga Johnson WASHINGTON – In a rare public warning, the U.S. Securities and Exchange Commission on Monday told broker-dealers and other market participants to “remain vigilant to market and counterparty risk”…
Electric Last Mile shares plunge on SEC probe
– Electric Last Mile Solutions Inc’s shares fell more than 45% on Monday after the electric vehicle startup disclosed a probe by the U.S. Securities and Exchange Commission and withdrew all its…
U.S. SEC rejects NYDIG Bitcoin ETF and Global X Bitcoin Trust listing proposals
NEW YORK – The U.S. Securities and Exchange Commission rejected proposals to list and trade shares of spot bitcoin exchange-traded funds (ETFs) NYDIG Bitcoin ETF https://www.sec.gov/rules/sro/nysearca/2022/34-94395.pdf and Global X Bitcoin Trust, in…
OPEC has no control over events roiling global oil markets -Sec Gen
By Marianna Parraga HOUSTON -OPEC has no control over the events that have led to the run up in global oil prices and there is not enough capacity worldwide to compensate for…
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