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
The investment firm settles alleged violation of whistleblower norms through consent
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
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 .
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
According to the lawsuit, Musk sold the shares on various dates in November 2022 and December 2022
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
Musk previously testified twice in July 2022, the SEC said, but failed to show up last year for follow-up questioning
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
The probe adds to legal headaches for Boeing, whose stock has lost about one third of its value in 2024
Chinese shares see earlier gains, with bluechip stocks rising 1 per cent and Hong Kong's Hang Seng index increasing 1.2 per cent
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
An SEC spokesperson said the regulator is reviewing the decision
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
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
US regulator's decision will create 'new era' of crypto asset adoption, they say
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.
India needs clear rules on cryptos
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
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