Regulation
SEC Charges Could Open Pearson to Securities Lawsuits
With the cease-and-desist order, attorneys might take aim at the publisher over alleged misleading statements.
Tag: Securities and Exchange Commission
CEO Charged in Multimillion Dollar Fraud Involving Two Firms
Aron Govil allegedly siphoned $7 million from Cemtrex and Telidyne investors for personal use.
Risk
SEC Busts Alleged Silicon Valley Insider Trading Ring
Six are charged with trading on material, nonpublic information involving Infinera and Fortinet.
Dentist-Turned-Investment Adviser Charged in Three Frauds by SEC
Edgar Radjabli is accused of manipulating the securities market for Veritone, among other schemes.
Risk
Five Charged in $2 Billion Unregistered Crypto Offering
The SEC says the now-defunct BitConnect platform advertised 40% ‘no risk’ monthly returns.
Risk
Risky Business Leads to $1 Billion Trading Loss, Charges for Fund Execs
SEC alleges portfolio managers misled investors about risk management practices.
Regulation
SEC Settles Charges with Firm Over Failing to Report Hacking Attempts
GWFS Equities allegedly neglected to report three years of suspicious activities by ‘bad actors.’
Regulation
SEC Finds Potentially Misleading, Unproven Claims by ESG Funds
Agency issues risk alert over poor disclosure practices by some sustainable investment product providers.
Market Moves
Some SPACs Just Plain Stink, Warns Investing Hotshot Barry Sternlicht
The Starwood chief, who has his own blank check fund, thinks amateurs are taking advantage of the fad, to investors’ detriment.
Regulation
SEC Continues to Make ESG a Main Priority
The regulator has added a new page to its website to provide up-to-date ESG-related information and agency action.
Regulation
SEC Seeks Climate Change Disclosure Input
Acting Chair Allison Herren Lee is calling for SEC staff and the public to evaluate rules on ESG-related disclosures.
Regulation
SEC Hikes Investment Commitments for Shareholders Submitting Proposals
The Council of Institutional Investors says the change jeopardizes faith in the fairness of US public capital markets.
Are SPACs Too Good to Be True?
The blank check outfits sure are popular. But issuers have the upper hand over investors, performance is a mixed bag, and they face possible tough competition.
Regulation
Bloomberg Fined $5 Million by SEC for Brokerage Practices
The company’s subsidiary, Bloomberg Tradebook, allegedly transferred low-commission client orders to unaffiliated broker dealers.
Newsmakers
Tesla Comes Out on Top Despite SEC Suit, Musk’s Board Resignation
The SEC Twitter scandal looked like a nail in Tesla’s coffin, but a swift settlement surged shares and will see the automaker remain CEO at the expense of his chairman gig and a $40 million payment.