The U.S. Supreme Court on Tuesday rejected a challenge brought by a former Xerox Corp executive and backed by Elon Musk to a Securities and Exchange Commission (SEC) rule requiring people who agree to settlements with the agency not to …
U.S. financial industry groups are pushing to water down a draft Securities and Exchange Commission (SEC) rule aimed at reining-in special purpose acquisition companies or SPACs, arguing it could kill the industry. The American Securities Association (ASA), the SPAC Association …
The U.S. Securities and Exchange Commission (SEC) on Monday said it charged three Charles Schwab Corp investment adviser subsidiaries with failing to disclose less profitable fund allocations and misleading its robo-adviser clients. Without admitting or denying the SEC’s charges, the …
Just a few years after banks helped create a gargantuan market for blank-check companies, they’re pulling away from the deals, afraid of the risks. Goldman Sachs Group Inc. is ending its involvement with most of the special purpose acquisition companies …
The U.S. Securities and Exchange Commission (SEC) said on Tuesday it will add 20 positions to its enforcement unit for crypto markets in its push to curb fraudulent activities in the hot digital space. The securities regulator said the division …
A group of major cryptocurrency firms including Coinbase, Circle, Anchorage Digital and Huobi Global are forming a new coalition aimed at cracking down on market manipulation in an effort to instill trust in the burgeoning digital asset industry. The Crypto …
The U.S. Securities and Exchange Commission’s chairman said on Thursday the regulator is considering toughening rules around how underwriters, boards of directors and sponsors of Special Purpose Acquisition Companies (SPAC) structure fees, issue projections and disclose conflicts. SEC chief Gary …
The U.S. Securities and Exchange Commission on Wednesday published new staff guidance that may make it harder for corporations to keep shareholder proposals on matters like workforce diversity or climate from being voted on at annual meetings. The new bulletins …
The new Democratic leadership of the U.S. securities watchdog has a message for Corporate America’s highly paid executives: if your company screws up, your pay is at risk. Clawing back compensation is shaping up to be a key part of …
The National Association of Manufacturers (NAM), a business group, sued the U.S. securities regulator on Wednesday for refusing to enforce a Trump-era rule reining-in companies that advise investors on how to vote in corporate elections. Last year, the Securities and …
