The top U.S. securities regulator sued cryptocurrency platform Coinbase on Tuesday, the second lawsuit in two days against a major crypto exchange, in a dramatic escalation of a crackdown on the industry and one that could dramatically transform a market …
The U.S. Securities and Exchange Commission assessed a record $6.4 billion in fines and ill-gotten gains as it picked up the pace of enforcement in fiscal 2022, the agency said in an annual report. The total assessed included a record …
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 and Exchange Commission, said on Monday. Generally, people who buy cryptocurrencies do not …
Warren Buffett said on Saturday that Berkshire Hathaway Inc. is being lifted by a U.S. economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making it hard to deploy cash. Speaking at Berkshire’s …
As U.S. businesses reopen after weeks of pandemic lockdowns, many have been posting coronavirus disclaimers or requiring employees and patrons to sign waivers before entering. From hair salons and recreation centers to stock exchanges and wedding photographers, the notices have …
New York Governor Andrew Cuomo donned a face mask and rang the opening bell at the New York Stock Exchange on Tuesday, marking the partial reopening of the trading floor at 11 Wall Street, which had been shuttered since March …
A financial industry trade group said on Wednesday it resolved a dispute with U.S. stock exchanges that had threatened to hold brokers liable for any breaches of a new trading database controlled by the exchanges and the Financial Industry Regulatory …
Two years ago Nasdaq Inc. and Citigroup Inc. announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a milestone in the global financial sector.” But the …
Equifax Inc. said it expects costs related to its massive 2017 data breach to surge by $275 million this year, suggesting the incident at the credit reporting bureau could turn out to be the most costly hack in corporate history. …
Equifax Inc. promised to make it easier for consumers to control access to their credit records in the wake of the company’s massive breach after the top U.S. consumer financial watchdog called on the industry to introduce such a system. …
