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…
This year’s largest SEC award went to a whistleblower in a healthcare bribery case
Lawyers representing the whistleblower said the award was connected to a Foreign Corrupt Practices Act settlement reached by the SEC and DOJ with a publicly…
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…
Founder of Iconix found guilty of securities fraud at second trial
A little over a year after a different jury was unable to reach a verdict in his initial trial, a Manhattan jury on Monday found…
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…
SEC, DOJ Examining FTX Crypto Platform
The probe focuses on potential securities-law violations by U.S. affiliate Following its abrupt collapse this week, the Securities and Exchange Commission and Justice Department are…
The SEC’s communication investigation’s latest targets include major private equity firms
A sweeping regulatory investigation into how financial organizations track employees’ digital communications has been expanded to include American private equity behemoths KKR & Co Inc,…
U.S. securities officials successfully prosecuted cryptocurrency business LBRY
A U.S. judge found on Monday that the firm sold its digital assets as securities, which gave the U.S. Securities and Exchange Commission the upper…