Page 3 - Securities And Exchange Commission

Crypto is more attractive as US SEC gets aggressive, investors say

Survey respondents also displayed a very broad church of opinions on crypto, emblematic of how despite the sector's relative infamy among traders, it's still a divisive topic

Two years on, Sebi's sandbox initiative yet to find its feet

Most applications have either been withdrawn or stand rejected

Professional investors seek new ESG rules for fund management industry

Professional investors think the asset managers looking after their ESG allocations need more regulations to rein them in.

Kim Kardashian settles with SEC over crypto promotion, to pay $1.26 mn

Kim Kardashian has agreed to settle charges brought by the Securities and Exchange Commission and pay USD 1.26 million for promoting a cryptocurrency on social media without disclosing the payment she received for the plug. The SEC said on Monday that the reality TV star and entrepreneur has agreed to cooperate with its ongoing investigation. The SEC said Kardashian failed to disclose that she was paid USD 250,000 to publish a post on her Instagram account about EMAX tokens, a crypto asset security being offered by EthereumMax. Kardashian's post contained a link to the EthereumMax website, which provided instructions for potential investors to purchase EMAX tokens. The federal securities laws are clear that any celebrity or other individual who promotes a crypto asset security must disclose the nature, source, and amount of compensation they received in exchange for the promotion, Gurbir Grewal, director of the SEC's division of enforcement, said in a prepared statement. Kardashia

Is Oracle Corporation in trouble in India?

Oracle is accused of bribing govt officials in India, Turkey and UAE to grab business contracts. While multinationals are held accountable such violations in the US, does the same happen in India?

Amfi to block MF distributors indulging in 'splitting of transactions'

Amfi shall take necessary action i.e. blocking of such MF distributors for a period of six months: Sebi

Boeing to pay $200 million to settle SEC probe over 737 Max jetliner

The settlement, announced by the SEC on Thursday, concludes a probe into whether Boeing withheld key information from shareholders about a flawed software system linked to the 2018 and 2019 crashes

Chinese firms' New York listings face greater scrutiny in new Senate bill

Rick Scott, a Republican, and Chris Van Hollen, a Democrat, said they'd introduced legislation to crack down on so-called variable interest entities that Chinese businesses commonly use for listings

Top executives at US companies face more scrutiny over pay in new SEC rule

Publicly traded firms will have to disclose additional details about how senior managers are paid, including performance incentives, the SEC said

Twitter backs spam account methodology in response to SEC letter

U.S. securities regulators are questioning Twitter about how it calculates the number of fake accounts on its platform. The Securities and Exchange Commission in June asked the company about the methodology for calculating the false or spam accounts and "the underlying judgments and assumptions used by management. The agency's Division of Corporation Finance made the request in a June 15 letter, shortly before Tesla CEO Elon Musk raised the issue as grounds to back out of a deal to buy Twitter for $44 billion. Such questions can be routine, and it wasn't clear whether the SEC has opened a formal investigation into Twitter's fake accounts. Messages were left Wednesday seeking comment from the agency and Twitter. The law firm Wilson Sonsini of Palo Alto, California, replied in a June 22 letter saying the company believes it adequately disclosed the methodology in its annual report filed for 2021. The letter says that Twitter makes its estimates of false accounts with an internal re

Coinbase's BlackRock pact reinforces crypto status, burns shorts

For Coinbase investors, the news is a much-needed signal that its status as a giant in the crypto sector remains rock solid

Charles Schwab subsidiaries to pay $187 mn to settle US SEC charges

SEC slams 'egregious' allocations of customer money that extracted 'hidden costs'

US regulatory officials in China to discuss audit compliance: Report

The stand-off, if not resolved, could see Chinese companies kicked off New York bourses

Over 80 firms including China's JD.com face delisting risk from US

The SEC on Wednesday expanded the list, consisting of US-listed Chinese entities, on a provisional lineup under a 2020 law known as The Holding Foreign Companies Accountable Act.

Under shareholder pressure, Twitter begins deal talks with Elon Musk

The company's decision to engage with Musk, taken earlier on Sunday, does not mean that it will accept his $54.20 per share bid, the sources said

DiDi Global plans shareholder meeting in May to vote on US delisting

The Chinese government was angered by DiDi's US listing in mid-2021, and days later launched a cybersecurity probe into the firm and forced its services off domestic app stores

BitConnect's indicted founder Satish Kumbhani has disappeared, says SEC

BitConnect used money from new investors to pay earlier ones, the U.S. said.

Not targeting Tesla CEO Elon Musk with endless probes, says US SEC

This month, Tesla disclosed in a regulatory filing that on Nov 16 the agency sought information about the company's governance processes and compliance with the settlements

Elon Musk, Tesla attack SEC for 'endless' and 'unrelenting' harassment

The accusation came in a letter to US District Judge Alison Nathan in Manhattan, who presided over a 2018 SEC settlement stemming from Musk's tweet about a potential buyout of Tesla

Regulators are probing block trading on Wall Street, but what is a block?

The New York Stock Exchange defines a block as at least 10,000 shares or a quantity of stock having a market value of $200,000 or more, whichever is less