Us Sec

SEC, Adanis seek extension, propose new briefing schedule in US case

The US Securities and Exchange Commission and Indian businessmen Gautam Adani and Sagar Adani have jointly requested a US court for more time to file key submissions in a civil securities case, proposing a revised schedule for motions and responses. In a filing before the US District Court for the Eastern District of New York, the parties said they had conferred in line with the court's April 7 directive and agreed on a new timeline, which has been submitted for approval to Judge Nicholas G Garaufis. The SEC had sued Adani Group founder Gautam Adani and his nephew, Sagar, in November 2024, alleging they had misled investors by failing to disclose an alleged bribery scheme tied to Indian state officials, framing the case under US securities laws. Denying all allegations, the two, through their lawyers, on April 7, filed a pre-motion letter ahead of a planned April 30 motion, seeking dismissal of a fraud lawsuit, arguing the case represents an impermissible extraterritorial applicatio

US SEC approves plan removing day-trading limit for small investors

New margin standards, which require customers to have enough equity in their account to cover the risks they run at that moment, will apply to all investors rather than just small ones

US court accepts Adani's plea seeking dismissal of SEC fraud case

The US SEC sued Gautam Adani and his nephew Sagar Adani in November 2024, alleging they misled investors by failing to disclose an alleged bribery scheme involving Indian state officials

Adani seeks dismissal of US SEC fraud case, cites lack of jurisdiction

Lawyers for the Indian billionaire and his nephew Sagar said in a letter to a federal judge that they will formally seek to dismiss the case by the end of the month

US SEC fraud case against Adani to proceed after procedural issue resolved

In a Friday filing in a Brooklyn federal court, the SEC and US lawyers for Gautam and Sagar Adani said they agreed to accept legal papers, removing the need for a judge's ruling on service

US SEC seeks alternative pathway to advance stalled Adani fraud case

The SEC's lawsuit, filed in November 2024, alleges that Gautam and Sagar Adani violated US securities laws by making false and misleading representations about Adani Green Energy Ltd

US SEC lawsuit against Adani alleging fraud paused amid govt shutdown

A US government shutdown has furloughed SEC staff and delayed filings in the civil securities lawsuit against Gautam Adani, even as related criminal proceedings continue

'Let markets decide': US SEC chief open to easing quarterly reporting rules

US SEC Chairman Paul Atkins said the regulator will consider proposing a rule change in financial reporting, allowing companies to choose whether to report quarterly or semi-annually

Trump revives plan to end quarterly reports: What it means for US markets

US President Donald Trump said he wants US companies to report earnings every six months instead of quarterly, but critics warn it may hurt transparency

US SEC grants tech giant Infosys exemptive relief for ₹18,000 crore buyback

The US Securities and Exchange Commission (SEC) has granted exemptive relief for Infosys' share buyback as requested by the company, according to a statutory filing on Friday. The exemptive relief from the US securities' regulator is on certain aspects of the tender offer procedures, due to conflicting regulatory requirements between Indian and US laws for tender offer buybacks, Infosys said in the BSE filing. The Board of India's second largest IT services company on Thursday green-lit its largest-ever share buyback programme worth Rs 18,000 crore. The record buyback entails Infosys buying 10 crore fully paid-up equity shares of a face value of Rs 5 each, representing up to 2.41 per cent of the total paid-up equity share capital, at Rs 1,800 per share. "We would like to inform you that, by way of a letter from the SEC dated September 11, 2025, the company has obtained the requested exemptive relief from the SEC," it said. The letter, it said, will be publicly available on the SEC

SEC informs US court of progress in serving legal documents in Adani case

The US Securities and Exchange Commission (SEC), in a filing before a federal court in New York, said it has sought assistance from India's Ministry of Law and Justice to serve legal documents to billionaire Gautam Adani and his nephew Sagar in connection with a civil securities case filed last year. The status update filed on August 11 is the same as the last hearing on June 27. In the latest update submitted to Magistrate Judge James R Cho of the US District Court for the Eastern District of New York (EDNY), the SEC said it is continuing to pursue formal service of the summons and complaint under the provisions of the Hague Service Convention. The defendants, who are based in India, are yet to be officially served with the summons. The US SEC has to serve the summons to Adani Group founder and chairman Gautam Adani and his nephew Sagar in the alleged USD 265 million payoffs to win lucrative renewable power supply contracts through proper diplomatic channels, as it has no ...

US SEC unveils major reforms to support crypto, blockchain trading

Securities and Exchange Commission Chair Paul Atkins said in remarks that he has directed commission staff to craft guidelines to determine when a crypto token is a security as well as proposals

No one from Adani Group charged under US FCPA, says Gautam Adani at AGM

Gautam Adani dismissed allegations of US bribery and obstruction, reaffirming the group's compliance and governance standards while highlighting record-breaking growth

US is committed to Nato, but Europe must spend more on defence: Rubio

According to NATO estimates, some of the continent's big economies, such as Italy and Spain, are among those below the current 2 per cent target, at around 1.5 per cent and 1.3 per cent respectively

Adani Group releases tax transparency reports to rebuild investors' trust

The reports, published independently by seven of the group's listed entities, detail direct and indirect tax contributions across global

Adani stocks crack up to 5% as US SEC seeks India's help in bribery case

Adani bribery case, Adani share price: US federal prosecutors have accused Gautam Adani of bribing Indian government officials to buy electricity from Adani Green Energy

US SEC requests help from Indian authorities in Adani fraud probe

Last year, federal prosecutors in Brooklyn unsealed an indictment accusing Adani of bribing Indian officials to convince them to buy electricity produced by Adani Green Energy

Hindenburg's Nate Anderson under cloud for sharing report with hedge fund

Nate Anderson, 'activist' short-seller who has announced shutting down of his almost eight years old research firm Hindenburg, is under cloud for alleged links with hedge funds in preparing reports targeting companies, a Canadian portal said citing documents filed before a court in Ontario. In a cache of documents filed at the Ontario Superior Court of Justice in a complex defamation lawsuit, the head of Canada's Anson hedge fund, Moez Kassam said his firm has shared research "with a wide variety of sources" including Hindenburg's Nate Anderson. The Market Frauds portal said that court documents allegedly revealed that Hindenburg colluded with Anson while preparing a report. The preparation of bearish reports without disclosure of participation can be charged as securities fraud by the US Securities and Exchange Commission (SEC). While short sellers borrow a security, sell it on the open market, and expect to repurchase it for less money after their damning report against the compan

SEC sues Elon Musk for failure to disclose growing Twitter stake on time

By keeping his purchase quiet, Musk was able to buy shares at 'artificially low prices,' allowing him to underpay for at least $150 million worth of stock, the SEC said

US' case against Gautam Adani strong but extradition unlikely: Experts

Adani, his nephew Sagar Adani, and another Adani Group executive were charged with securities fraud and conspiracy