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Boeing to Pay $200M After Fraud Accusations
Business
Boeing to Pay $200M After Fraud Accusations
2022-09-26 21:33:51
by Tom Ramstack

WASHINGTON — Boeing Co. agreed last week to pay $200 million in fines to settle Securities and Exchange Commission allegations that it deceived investors about the safety of the 737 Max airliner after two deadly crashes. Company executives told investors... Read More

Crime
SEC Charges 11 in Crypto Ponzi Scheme
2022-08-02 18:34:28
by Madeline Hughes

WASHINGTON — Eleven people were charged in a $300 million cryptocurrency Ponzi scheme targeting Americans and people abroad Monday by the Securities and Exchange Commission. They were charged of fraud for their blockchain networking company, Forsage, promoting itself as the... Read More

Regulation
SEC Questions Musk’s Timing on Twitter Deal
2022-07-15 17:50:10
by Madeline Hughes

WASHINGTON — The U.S. Securities and Exchange Commission began to question Elon Musk about his potential attempt to pull out of his $44 billion deal to buy Twitter more than a month before he made it official. The questions came... Read More

Business
Musk Backs Out of Twitter Deal
2022-07-08 22:50:13
by Madeline Hughes

WASHINGTON — Elon Musk is officially pulling out of his $44 billion bid to buy Twitter, according to a letter his lawyer sent to the Securities and Exchange Commission Friday.  According to his letter, Musk is backing out because Twitter... Read More

Regulation
Business Groups Pushing Back Hard on SEC Emissions Reporting Proposal
2022-06-21 15:07:28
by Dan McCue

WASHINGTON — Business groups and corporate lobbyists were among those pushing back hardest as the deadline elapsed Friday on a Securities and Exchange Commission proposal that would require companies for the first time to disclose their carbon emissions and climate... Read More

Business
New SEC Climate Disclosure Proposal Has Widespread Impact
2022-04-08 14:54:45
by Kate Michael

WASHINGTON — The Securities and Exchange Commission on March 21 proposed rule changes that would require certain new climate-related disclosures on statements and periodic reports. Among the disclosures would be information about climate-related risks that are reasonably likely to have... Read More

Cryptocurrencies
New York Lawsuit to Decide Regulation of Cryptocurrency
2022-02-01 21:18:53
by Tom Ramstack

NEW YORK — A key lawsuit pending in New York is moving toward a judgment expected to influence the extent the booming cryptocurrency market can remain largely unregulated. The Securities and Exchange Commission argues that Bitcoin, Ethereum and other cryptocurrencies... Read More

Finance
SEC Seeks Info on Digital Engagement by Investment Advisors, Brokers
2021-08-30 17:50:33
by Dan McCue

WASHINGTON - The Securities and Exchange Commission is seeking information from the public and industry professionals on the digital engagement practices of investment advisors and brokers. These tools include behavioral prompts, differential marketing, game-like features (also known as gamification) and... Read More

Finance
Mandating Climate Disclosures Could Violate SEC's 'Historically Agnostic Approach'
2021-07-21 20:28:30
by Daniel Mollenkamp

WASHINGTON- Writing rules that mandate climate disclosures might overstep the U.S. Securities and Exchange Commission's  authority, causing a violation of their historical approach to regulations, the agency's commissioner said on Tuesday.  Environmental disclosures are "inherently political" and are "unabashedly" designed... Read More

Finance
SEC Approves Rule That Could Expose Short-Sell Positions
2021-06-22 19:11:25
by Victoria Turner

WASHINGTON - The U.S. Securities Exchange Commission granted the accelerated approval yesterday of a rule change proposed by the National Securities Clearing Corporation related to its calculation and collection of supplemental liquidity deposits. The change would have both activities performed... Read More

Finance
Supreme Court Holds SEC Can Recoup Money in Fraud Cases
2020-06-22 16:45:01
by Dan McCue

WASHINGTON - With decisions in several high profile cases pending -- including one on whether President Donald Trump can shield his financial records from Congressional scrutiny --  the U.S. Supreme court on Monday opted to rule on a case with... Read More

Supreme Court
Supreme Court To Review SEC’s Right To Seek Disgorgement
2019-11-01 20:47:08
by Dan McCue

WASHINGTON - The Supreme Court agreed Friday to hear a case challenging the U.S. Securities and Exchange Commission’s authority to seek disgorgement in fraud cases. Last year federal regulators recouped $2.5 billion in ill-gotten proceeds from securities fraud. But on... Read More

Finance
Democrats Seek Insider Trading Probe After ‘Trump Chaos’ Article

WASHINGTON — Democratic lawmakers are increasingly demanding that U.S. authorities investigate allegations raised in a recent magazine article that traders might be using nonpublic government information to reap huge illegal profits, even as the exchange where the transactions purportedly took... Read More

Finance
Gottheimer Amendment to Help Senior Investors Passes House
2019-10-18 21:23:06
by Dan McCue

WASHINGTON - The House has passed an amendment offered on the floor by Rep. Josh Gottheimer that will ensure the U.S. Securities and Exchange Commission gives specific consideration to senior investors and the challenges they face. The amendment to H.R.... Read More

Straight From The Well