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Securities And Exchange Commission

What is the US SEC and its Indian counterpart Sebi in market regulation?

The US Securities and Exchange Commission ensures market transparency and investor protection. India's Securities and Exchange Board of India plays a similar role of regulating the financial markets

What is the US SEC and its Indian counterpart Sebi in market regulation?
Updated On : 21 Nov 2024 | 1:53 PM IST

GQG Partners to pay $500,000 penalty to settle US regulator SEC charges

The investment firm settles alleged violation of whistleblower norms through consent

GQG Partners to pay $500,000 penalty to settle US regulator SEC charges
Updated On : 27 Sep 2024 | 7:04 PM IST

Philippine appeals court sides with news outlet against 2018 shutdown order

A Philippine appeals court side with a news agency in its fight against a 2018 shutdown order in a decision made public Friday, marking a legal victory for journalists who angered former President Rodrigo Duterte by reporting critically on his deadly crackdown on illegal drugs and alarming human rights record. The Court of Appeals ordered the Securities and Exchange Commission to restore the certificates of incorporation of Rappler, an online news outfit founded by 2021 Nobel peace prize co-winner Maria Ressa, in a decision issued July 23. It wasn't immediately clear if the SEC will appeal the ruling. Rappler has continued to operate during its legal fight, despite the closure order. Rappler was accused of violating a constitutional ban on foreign investments in local media agencies when it received funds through financial papers called Philippine depository receipts in 2015 from the Omidyar Network, a philanthropic organisation backed by eBay founder Pierre Omidyar. The government

Philippine appeals court sides with news outlet against 2018 shutdown order
Updated On : 09 Aug 2024 | 2:42 PM IST

OpenAI whistleblowers ask SEC to examine firm's agreements with employees

OpenAI whistleblowers have filed a complaint with the Securities and Exchange Commission and asked the agency to investigate whether the ChatGPT maker illegally restricted workers from speaking out about the risks of its artificial intelligence technology. A letter to SEC Chair Gary Gensler representing one or more anonymous and confidential whistleblowers asks the agency to swiftly and aggressively enforce its rules against non-disclosure agreements that discourage employees or investors from raising concerns with regulators. The July 1 letter references a formal whistleblower complaint recently filed with the SEC. The Washington Post was the first to report on the letter. US Sen. Chuck Grassley's office shared a copy of the letter with The Associated Press, noting it was provided to his office by legally protected whistleblowers. OpenAI's policies and practices appear to cast a chilling effect on whistleblowers' right to speak up and receive due compensation for their protected .

OpenAI whistleblowers ask SEC to examine firm's agreements with employees
Updated On : 16 Jul 2024 | 7:41 AM IST

BlackRock, Citadel Sec-backed group to start new stock exchange in Texas

The Texas Stock Exchange, which has raised about $120 million, plans to file registration documents with the Securities and Exchange Commission (SEC) later this year

BlackRock, Citadel Sec-backed group to start new stock exchange in Texas
Updated On : 06 Jun 2024 | 1:02 PM IST

Tesla shareholder sues Elon Musk for alleged $7.5 bn insider trading

According to the lawsuit, Musk sold the shares on various dates in November 2022 and December 2022

Tesla shareholder sues Elon Musk for alleged $7.5 bn insider trading
Updated On : 01 Jun 2024 | 9:08 AM IST

JPMorgan failed to monitor billions of client orders between 2014-21: CFTC

The Commodity Futures Trading Commission (CFTC) said Thursday the bank would pay $100 million to settle a multiyear probe into the JPMorgan's trade monitoring

JPMorgan failed to monitor billions of client orders between 2014-21: CFTC
Updated On : 24 May 2024 | 8:04 AM IST

Elon Musk ordered to resume testimony in X acquisition probe by SEC

Musk previously testified twice in July 2022, the SEC said, but failed to show up last year for follow-up questioning

Elon Musk ordered to resume testimony in X acquisition probe by SEC
Updated On : 15 May 2024 | 7:47 AM IST

Musk's X acquisition: Judge rejects idea billionaire too busy for SEC probe

A federal judge in San Francisco seemed unpersuaded by arguments that Musk shouldn't have to devote more of his time meeting with the SEC because he already spent two partial days

Musk's X acquisition: Judge rejects idea billionaire too busy for SEC probe
Updated On : 10 May 2024 | 8:56 AM IST

US SEC investigates Boeing's safety claims after panel blew off plane

The probe adds to legal headaches for Boeing, whose stock has lost about one third of its value in 2024

US SEC investigates Boeing's safety claims after panel blew off plane
Updated On : 10 May 2024 | 8:27 AM IST

Asian shares stabilise after solid China trade data, yen steadies

Chinese shares see earlier gains, with bluechip stocks rising 1 per cent and Hong Kong's Hang Seng index increasing 1.2 per cent

Asian shares stabilise after solid China trade data, yen steadies
Updated On : 09 May 2024 | 9:40 AM IST

SEC charges Trump Media's newly hired auditing firm with 'massive fraud'

The Securities and Exchange Commission on Friday charged an auditing firm hired by Trump Media and Technology Group just 37 days ago with massive fraud though not for any work it performed for former President Donald Trump's media company. The SEC charged the accounting firm BF Borgers and its owner, Benjamin F. Borgers, of deliberate and systematic failures in more than 1,500 audits. The charges include failing to abide by accounting rules, fabricating documentation to cover up its shortcomings, and falsely stating in audit reports that its work met audit standards. BF Borgers agreed to pay a USD 12 million fine while its owner agreed to pay a fine of USD 2 million. Trump Media named Borgers as its auditor on March 28, according to the company's most recent annual report filing. The company disclosed at the time that Borgers had also handled its audits before the company went public by merging with a cash-rich shell company called Digital World Acquisition Corp. The company had

SEC charges Trump Media's newly hired auditing firm with 'massive fraud'
Updated On : 04 May 2024 | 9:35 AM IST

SEC abused its authority in case against crypto platform, says US judge

An SEC spokesperson said the regulator is reviewing the decision

SEC abused its authority in case against crypto platform, says US judge
Updated On : 19 Mar 2024 | 8:53 AM IST

Alibaba discloses Chinese govt ownership in over 12 of its business units

The filings come as China's ruling Communist Party said this month that it will play a bigger role in steering the country's technology and science development

Alibaba discloses Chinese govt ownership in over 12 of its business units
Updated On : 26 Feb 2024 | 11:05 PM IST

Sebi renews recognition to AMC Repo Clearing for 1 yr to clear transactions

The regulator has granted renewal of recognition for one year starting from January 17, 2024 till January 16, 2025, according to a notification uploaded on Sebi's website on Tuesday

Sebi renews recognition to AMC Repo Clearing for 1 yr to clear transactions
Updated On : 16 Jan 2024 | 10:46 PM IST

Indian crypto firms welcome US SEC approval for bitcoin ETF, draw hope

US regulator's decision will create 'new era' of crypto asset adoption, they say

Indian crypto firms welcome US SEC approval for bitcoin ETF, draw hope
Updated On : 11 Jan 2024 | 11:50 PM IST

US SEC authorises Bitcoin-spot ETFs in cryptocurrencies' breakthrough

The approvals mark a rare capitulation by the SEC following opposition that lasted for more than a decade, ever since Tyler and Cameron Winklevoss first proposed a Bitcoin ETF in 2013.

US SEC authorises Bitcoin-spot ETFs in cryptocurrencies' breakthrough
Updated On : 11 Jan 2024 | 8:25 AM IST

Bitcoin gains acceptance

India needs clear rules on cryptos

Bitcoin gains acceptance
Updated On : 17 Dec 2023 | 10:53 PM IST

US regulators seek to compel Musk to testify in their Twitter investigation

The Securities and Exchange Commission said Friday it is seeking a court order that would compel Elon Musk to testify as part of an investigation into his purchase of Twitter, now called X. The SEC said in a filing in a San Francisco federal court that Musk failed to appear for testimony on September 15 despite an investigative subpoena served by the SEC and having raised no objections at the time it was served. But two days before his scheduled testimony, Musk abruptly notified the SEC staff that he would not appear, said the agency's filing. Musk attempted to justify his refusal to comply with the subpoena by raising, for the first time, several spurious objections, including an objection to San Francisco as an appropriate testimony location. X, which is based in San Francisco, didn't immediately return a request for comment. The SEC said it has been conducting a fact-finding investigation involving the period before Musk's takeover last year when Twitter was still a publicly tra

US regulators seek to compel Musk to testify in their Twitter investigation
Updated On : 06 Oct 2023 | 8:07 AM IST

Not aware of any subpoena from US regulators to investors: Adani Group

This comes after Bloomberg reported that US regulators are probing the representations made by Adani Group to American investors after Hindenburg report accused it of manipulating stock prices

Not aware of any subpoena from US regulators to investors: Adani Group
Updated On : 23 Jun 2023 | 2:59 PM IST