securities and exchange commission (SEC) News

SEC Account Hack Renews Spotlight on X’s Security Concerns

The hack of the U.S. Securities and Exchange Commission’s official account on X on Tuesday renewed concerns about the social media platform’s security since its takeover by billionaire Elon Musk in 2022. The hackers posted false news about a widely …

SEC’s Ambitious Climate Agenda Stalls as US Elections Raise Stakes in New Year

The Securities and Exchange Commission’s failure to complete an ambitious climate-related agenda in 2023 is making environmental activists nervous. Less than a year before a US presidential election that could scuttle the regulator’s environmental, social and governance efforts, the SEC …

Companies Are Still Trying to Figure Out How to Comply With SEC Cyber Rules

Some public companies are still trying to figure out how to comply with new rules from the US Securities and Exchange Commission requiring speedy disclosure of significant cyberattacks. Those rules, which kicked in Monday, require companies to report cyber incidents …

SEC Says No to New Crypto Rules; Coinbase Asks Court to Review

The U.S. Securities and Exchange Commission on Friday denied a petition by Coinbase Global seeking new rules from the agency for the digital asset sector, which the country’s largest crypto exchange then sought to challenge in court. The five-member commission, …

US SEC Enforcement Collected Nearly $5B in Financial Remedies Last Year

The U.S. Securities and Exchange Commission (SEC) filed 784 enforcement actions in the fiscal year that ran through September, garnering $4.95 billion in penalties and other financial remedies, the agency said in a statement on Tuesday. The total financial remedies …

Elon Musk Asks Court to Reject SEC’s Bid to Make Him Testify in Twitter Probe

Elon Musk asked a federal judge on Nov. 2 not to force him to testify in the U.S. Securities and Exchange Commission’s probe into his $44 billion takeover of social media site Twitter. Musk filed the objections in San Francisco …

Appeals Court Upholds Nasdaq Board Diversity Rule

A U.S. appeals court upheld Nasdaq’s board diversity rule on Wednesday, requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not. In a lengthy opinion, the New Orleans-based 5th …

SEC Tries to Force Musk to Testify in Twitter Takeover Probe

Elon Musk, the world’s richest man, is being sued by the U.S. Securities and Exchange Commission, which is trying to compel him to testify as part of a probe into his $44 billion takeover of social media giant Twitter, a …

Wall Street WhatsApp, Texting Fines Exceed $2.5 Billion

Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in penalties for employees using unofficial communications like WhatsApp, personal texts or email to conduct business — the latest in US …

SEC Set to Adopt New Cyber Rule, Unveils Brokerage AI Proposal

Wall Street’s top regulator on Wednesday was poised to adopt new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was being taken to help the investing public contend with the mounting cost and frequency of …