SEC
By Pete Schroeder and Chris Prentice WASHINGTON/NEW YORK (Reuters) – The banking and finance industries are rapidly drawing up wish lists for lighter regulation under President Donald Trump’s incoming administration as Wall Street sees a window of opportunity to influence policy. Numerous financial trade groups are working on detailed lists…
Microsoft disclosed an equity investment in OpenAI for the first time, SEC filings show.Microsoft previously disclosed its relationship with OpenAI as only a “partnership.”Microsoft and OpenAI’s relationship has evolved in recent months. Microsoft disclosed an equity investment in OpenAI for the first time, according to its latest SEC filings.On Wednesday,…
The US Securities and Exchange Commission wants a federal judge to show Elon Musk that there will be serious costs if he blows off court-ordered testimony in the agency’s probe of his takeover of Twitter, according to court documents filed Friday.”Without further action by the Court, nothing deters Musk from…
By Douglas Gillison (Reuters) – Wall Street’s top regulator on Wednesday unveiled rules allowing stock markets to price shares in increments of half a penny, rather than the current minimum size of 1 cent, aiming to promote more competitive pricing and reduce investor costs. The five-member U.S. Securities and Exchange…
By Douglas Gillison (Reuters) – The U.S. Securities and Exchange Commission last month asked for the dismissal of all active misconduct proceedings against accountants sitting before its in-house judges, which legal experts said was a fresh sign that a recent Supreme Court ruling is curtailing the agency’s enforcement powers. Between…
By Douglas Gillison WASHINGTON (Reuters) -Wall Street’s top regulator approved new rule changes on Wednesday requiring mutual funds and exchange-traded funds to report portfolio holdings on a monthly basis rather than four times a year, a move officials said would bring greater transparency to investors. However, in a retreat from…
By Douglas Gillison (Reuters) -Billionaire investor Carl Icahn and his firm Icahn Enterprises LP (IEP) have settled charges that for years he failed to disclose pledging the majority of the firm’s securities for billions in personal margin loans, together agreeing to pay $2 million in penalties, U.S. regulators said Monday.…
By Suzanne McGee and Hannah Lang (Reuters) -The U.S. securities regulator on Monday asked Nasdaq, CBOE and NYSE to fine-tune their applications to list spot ether exchange-traded-funds (ETFs), signaling the agency may be poised to approve the filings, multiple people familiar with the process told Reuters. Securities and Exchange Commission…
By Jody Godoy (Reuters) -Terraform Labs and its founder Do Kwon built a “house of cards” and lied to investors about the stability of a cryptocurrency whose collapse rippled through markets in 2022, a lawyer for the U.S. Securities and Exchange Commission told a Manhattan jury as its civil fraud…
