US Supreme Court tosses case involving securities fraud suit against Facebook
The U.S. Supreme Court sidestepped on Friday a decision on whether to allow shareholders to proceed with a securities fraud ...
JD Supra3d
SEC Enforcement Actions Against Public Companies and Subsidiaries Drop by 12% in FY 2024; Actions Still Up Nearly 5% Compared to Historical Average
The U.S. Securities and Exchange Commission (SEC) initiated 80 enforcement actions against public companies and subsidiaries in fiscal year ...
US charges tycoon Gautam Adani with defrauding investors, hiding plan to bribe Indian officials
Indian businessman Gautam Adani, one of the world’s richest people, has been indicted in the U.S. on charges he duped ...
Adani Group companies lose $26 billion in market value after U.S. indictment
Adani Group companies lost $26 billion in market cap on Thursday, after the U.S. alleged that founder and chairman Gautam ...
JD Supra2d
Federal Judge Vacates SEC’s Dealer Rule Amendments and Gensler Announces Imminent Departure
On Thursday, in two separate decisions, a federal district court in Texas struck down the U.S. Securities and Exchange Commission (SEC) rule ...
Hedge Funds and High-Speed Traders Score Legal Victory Over SEC
A federal court invalidated a Securities and Exchange Commission rule, stopping the agency from expanding its oversight over high-speed trading firms and hedge funds that are among the most ...
Stock Market Today: Dow scores best day since surge after U.S. election day
"There were some warning signs from Target, but if you look at personal income and retail sales, they have been strong all ...
Mesa film producer defrauded investors, must repay almost $1M, Arizona Corporation Commission says
A Mesa man who misled investors while raising money to produce films must repay nearly $1M that he had used on personal ...
Sweden’s Klarna Files for U.S. IPO
The payments specialist filed registration documents with the SEC, but said the number of shares and the price range for the ...
Another SEC Democrat to Drop Out, Leaving Republicans Running Agency by February
Another Democratic commissioner on the Securities and Exchange Commission is following Chair Gary Gensler out the door in ...