Latest Securities regulation News

FILE - In this May 8, 2019 file photo, then Federal Trade Commission commissioner Rohit Chopra testifies during a House Energy and Commerce subcommittee hearing on Capitol Hill in Washington. President-elect Joe Biden is set to nominate Rohit Chopra as the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. (AP Photo/Susan Walsh)

Biden picks Chopra, Gensler for financial oversight roles

Jan. 18, 2021 5:42 PM EST

WASHINGTON (AP) — President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. Chopra, now a commissioner at the Federal Trade Commission, helped launch...

Prosecutors drop securities case against former VW CEO

Jan. 15, 2021 11:27 AM EST

FRANKFURT, Germany (AP) — German prosecutors have set aside a securities-law case against the former CEO of Volkswagen because he could face heavier penalties in a separate criminal fraud case connected to the company's 2015 diesel emissions scandal. The court in the city of Braunschweig said in a...

People walk by an electronic stock board of a securities firm in Tokyo, Wednesday, Dec. 30, 2020. Asian shares were mixed Wednesday after a lackluster day on Wall Street, as the boost from President Donald Trump’s signing of the coronavirus relief package faded.(AP Photo/Koji Sasahara)

Asian shares mixed as boost from US stimulus package fades

Dec. 29, 2020 10:08 PM EST

Asian shares were mixed Wednesday after a lackluster day on Wall Street, as the boost from President Donald Trump’s signing of the coronavirus relief package faded. Benchmarks fell in Tokyo and Sydney but rose in Hong Kong, Seoul and Shanghai. The S&P 500 lost 0.2% on Tuesday, a day after major...

A security guard mans a checkpoint into the Alibaba Group headquarters in Hangzhou in eastern China's Zhejiang province on Friday, May 27, 2016. Chinese regulators on Thursday, Dec. 24, 2020 announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China's fast-growing tech industries. (AP Photo/Ng Han Guan)

China steps up pressure on Alibaba with anti-monopoly probe

Dec. 24, 2020 5:47 AM EST

BEIJING (AP) — Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up the ruling Communist Party’s efforts to control fast-growing tech industries. President Xi Jinping’s government worries about the dominance of competitors such...

FILE - Pedestrians pass the New York Stock Exchange, Friday, Oct. 2, 2020, in New York.    Stocks are ticking higher on Wall Street Wednesday, Dec. 23,  following a mixed set of reports on the economy.   (AP Photo/John Minchillo)

Asian markets advance after S&P 500 snaps losing streak

Dec. 23, 2020 11:27 PM EST

Asian shares were mostly higher on Thursday after stocks eked out small gains on Wall Street following a mixed set of reports on the economy. Benchmarks rose in Tokyo, Hong Kong and Sydney. Stocks fell in Shanghai after China’s market regulator said it has launched an anti-monopoly investigation of...

FILE - This Monday, Nov. 16, 2020 file photo shows the Federal Reserve in Washington. The Federal Reserve said Friday, Dec. 18, 2020 that the 33 largest U.S. banks are in strong shape despite the pandemic’s economic shock. (AP Photo/J. Scott Applewhite, File)

Fed finds big US banks in solid shape; keeps dividend limits

Dec. 18, 2020 8:07 PM EST

WASHINGTON (AP) — The Federal Reserve said Friday that the 33 largest U.S. banks are in strong shape despite the pandemic’s economic shock. The banks have ample capital cushions girding them against unexpected losses and that will also enable them to keep lending even under the most severe straits,...

This Thursday, Dec. 17, 2020 photo shows the logo for the Robinhood app on a smartphone in New York. Robinhood Financial agreed to pay $65 million to settle government charges that it failed to disclose the full details of its dealings with high-speed traders and didn't get the best prices for customers trading on its app, the Securities and Exchange Commission said Thursday. (AP Photo/Patrick Sison)

Robinhood agrees to pay $65 million to settle SEC charges

Dec. 17, 2020 12:04 PM EST

Robinhood Financial agreed to pay $65 million to settle government charges that it failed to disclose the full details of its dealings with high-speed traders and didn't get the best prices for customers trading on its app, the Securities and Exchange Commission said Thursday. Robinhood and other retail...

People wearing face masks to protect against the spread of the coronavirus reflected on the electronic board of a securities firm in Tokyo, Wednesday, Dec.16, 2020. Asian shares are higher Thursday, Dec. 17, 2020 on hopes the U.S. Congress may finally deliver fresh aid to help businesses and families weather the pandemic. (AP Photo/Koji Sasahara)

Asian shares climb on hopes US to finally get more stimulus

Dec. 17, 2020 12:35 AM EST

Shares were mostly higher in Asia on Thursday, buoyed by hopes the U.S. Congress may finally deliver fresh aid to help American businesses and families weather the pandemic. Benchmarks rose in Tokyo, Hong Kong and Shanghai but fell in South Korea. Overnight, the S&P 500 edged close to a record after the...

FILE - Massachusetts Secretary of the Commonwealth Bill Galvin testifies on Capitol Hill in Washington, Wednesday, May 22, 2019. Regulators in Massachusetts claim Robinhood Financial targets and manipulates inexperienced investors and has failed to prevent costly outages on its popular stock trading platform. In an administrative complaint filed Wednesday, Dec. 16, 2020 by Galvin, the state alleges that Robinhood violated securities laws by aggressively marketing itself to Massachusetts investors “without regard for the best interest of its customers,

Robinhood accused of downplaying the risks of trading

Dec. 16, 2020 3:03 PM EST

Regulators in Massachusetts claim Robinhood Financial targets and manipulates inexperienced investors and has failed to prevent costly outages on its popular stock trading platform. In an administrative complaint filed Wednesday by Secretary of the Commonwealth William Galvin, the state alleges that Robinhood...

A currency trader walks near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Tuesday, Dec. 15, 2020. Asian shares sank on Tuesday after a lackluster day on Wall Street as investors wait to see if Congress can break a logjam on delivering more aid to people, businesses and local governments affected by the coronavirus pandemic.
(AP Photo/Lee Jin-man)

Asian shares decline following lackluster day on Wall Street

Dec. 14, 2020 10:53 PM EST

Asian shares sank on Tuesday after a lackluster day on Wall Street as investors wait to see if Congress can break a logjam on delivering more aid to people, businesses and local governments affected by the coronavirus pandemic. Japan’s benchmark Nikkei 225 index fell after Prime Minister Yoshihide Suga...