Latest Securities regulation News

Utah bill to protect pets from domestic abuse moves forward

Jan. 23, 2022 12:00 PM EST

SALT LAKE CITY (AP) — One woman said her former partner bought a puppy to distract her from his alcoholism and later began threatening to mistreat the dog when she tried to get away from him. Another told state lawmakers her abusive ex used her daughter’s service dog to control...

Nebraska trucking firm founder to pay nearly $487K in fines

Dec. 22, 2021 13:25 PM EST

OMAHA, Neb. (AP) — The founder of a Nebraska trucking firm has agreed to pay a $486,900 fine to the federal government for purchasing large amounts of his company's stock as a director without properly reporting it. The Federal Trade Commission announced Wednesday that Clarence...

Japan panel recommends no change to male-only emperor system

Dec. 22, 2021 09:00 AM EST

TOKYO (AP) — A government panel has retained Japan's male-only imperial succession system despite a sharply shrinking number of men in the royal family. The panel submitted a report to Prime Minister Fumio Kishida on Wednesday proposing ways to ensure there are enough potential...

EV start-up Nikola settles with US for $125 million

Dec. 21, 2021 11:07 AM EST

Electric and hydrogen-powered truck startup Nikola has agreed to a $125 million settlement over charges that it defrauded investors after misleading them about its products, technical advances, and financial prospects. Nikola Corp. violated the antifraud and disclosure control...

Pelosi defends lawmaker stock trades, citing 'free market'

Dec. 15, 2021 17:09 PM EST

WASHINGTON (AP) — House Speaker Nancy Pelosi on Wednesday said lawmakers should not be barred from trading stock, a practice that has come under scrutiny because it gives members of Congress the opportunity to profit off insider information gained through their official duties. ...

Crypto execs head to Capitol as Congress mulls regulations

Dec. 08, 2021 17:36 PM EST

NEW YORK (AP) — Cryptocurrency executives went to Capitol Hill Wednesday to say their fast-growing industry understands more regulation is likely coming, but they don't want it to squelch the next wave of the internet or send it offshore to other countries. Leaders from major...

Trump media venture eyed by regulators; names Nunes CEO

Dec. 06, 2021 20:37 PM EST

NEW YORK (AP) — Regulators are looking into the deal that would bring Donald Trump's new social media company to the stock market, one that has attracted both legions of fans of the former president and people looking to make a quick profit. The company partnering with Trump Media...

Former Oregon Capitol official threatens lawsuit

Dec. 06, 2021 20:21 PM EST

PORTLAND, Ore. (AP) — A former Oregon official who was tasked with fielding harassment complaints in the state Capitol before resigning in June says he was pushed out for revealing flaws in the Legislative Equity Office and is now threatening to sue the Legislature and top lawmakers for...

Struggling Chinese developer warns it could run out of money

Dec. 03, 2021 14:40 PM EST

BEIJING (AP) — A Chinese developer that is struggling under $310 billion in debt warned Friday it may run out of money to “perform its financial obligations” — sending regulators scrambling to reassure investors that China’s financial markets can be protected from a potential...

US steps up disclosure pressure on Chinese companies

Dec. 03, 2021 04:03 AM EST

WASHINGTON (AP) — Chinese companies will have to disclose more information about audits and whether they are controlled by a government or else leave U.S. stock markets under a rule approved by securities regulators. The rule approved Thursday by the Securities and...