The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that it had given joint tipsters who provided “important information” for one of the agency’s…
The SEC of the United States has awarded $5 million to a tipper
The top U.S. market regulator announced a $5 million award to a whistleblower whose tip-off resulted in a successful enforcement action on Friday. The whistleblower…
SEC sues Covington law firm seeking the names of 300 clients who were hacked
According to court records, the Securities and Exchange Commission has sued law firm Covington & Burling for information on roughly 300 clients whose information was…
The SEC has charged McDonald’s former CEO
The Securities and Exchange Commission accused Stephen J. Easterbrook, former CEO of McDonald’s Corporation, today of making false and misleading statements to investors regarding the…
Binance is opposed by the SEC in purchase of Voyager Digital by the United States
The Securities and Exchange Commission (SEC) of the United States has protested the proposed $1 billion acquisition of bankrupt crypto lender Voyager Digital by the…
Finance in the United States is facing an ESG backlash, with more to come in 2023
In 2022, a movement led by Republican U.S. legislators to confront financial firms and activists over their work on climate change and social inequality faced…
Bankman-Fried and Ellison hire counsel as FTX investigations heat up
According to a spokesperson for Bankman-Fried and a source familiar with Ellison’s selection, FTX founder and former chief executive Sam Bankman-Fried and Caroline Ellison, head…
AT&T will settle a complaint with the SEC for $6 million regarding analyst leaks
The Securities and Exchange Commission filed a court document accusing AT&T Inc. (T.N) of selectively disclosing financial information to Wall Street analysts and demanding a…
The SEC accuses Goldman Sachs Asset Management of violating its regulations for ESG investing
The U.S. Securities and Exchange Commission penalized Goldman Sachs Asset Management $4 million on Tuesday after accusing it of breaking rules for investments in the…
Market maker Virtu brings a record-request lawsuit against the U.S. SEC
In an uncommon move, Virtu filed a lawsuit against the U.S. Securities and Exchange Commission on Tuesday, claiming that its chief regulator had failed to reply to a request for public documents. Virtu, a market maker with a sizable equity business, claimed it filed a Freedom of Information Act (FOIA) request in June to ascertain whether the SEC had complied with legal requirements to assess potential investor harm and market risks while taking new rules for the handling and execution of retail stock orders into consideration. “What we’re doing is exercising our rights as citizens … to understand what this Chair is looking at and who he’s meeting…