Latest Securities regulation News
SEC's Sankey: Federal NIL law needed for fair competition
Southeastern Conference Commissioner Greg Sankey told a U.S. Senate committee Wednesday there needs to be a uniform federal law to regulate the compensation of college athletes instead of a series of state versions with differing requirements. Sankey was part of a panel discussing the potential impact of...
Stocks sink as virus cases jump, forcing states to backtrack
Stocks on Wall Street fell sharply Friday as confirmed new coronavirus infections in the U.S. hit an all-time high, prompting Texas and Florida to reverse course on the reopening of businesses. The combination injected new jitters into a market that's been mostly riding high since April on hopes that the economy...
EU regulators to look into German handling of Wirecard case
FRANKFURT, Germany (AP) — A top economic official at the European Union's executive commission says it has asked for the EU's securities regulator to investigate what went wrong with supervision of payments company Wirecard in Germany. Valdis Dombrovskis, the commission's executive vice-president for the...
Asian stocks follow Wall Street higher on bank news
BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday after U.S. regulators removed some limits on banks' ability to make investments. Benchmarks in Tokyo, Sydney and Southeast Asia advanced while Hong Kong declined. Chinese markets were closed for a holiday. Wall Street closed higher...
How major US stock indexes fared Thursday
Stocks closed broadly higher on Wall Street Thursday as traders welcomed news that the Federal Reserve and other regulators are removing some limits on banks’ ability to make investments. Technology and health care stocks also helped lift the market, outweighing losses in utilities. Bond yields fell. The...
Supreme Court rules SEC can recoup money in fraud cases
WASHINGTON (AP) — The Supreme Court on Monday preserved an important tool used by securities regulators to recoup ill-gotten gains in fraud cases. By an 8-1 vote, the justices ruled that the Securities and Exchange Commission can seek to recover the money through a process called disgorgement. Last year,...
Hertz board scraps planned $500M stock sale amid SEC review
Hertz has scrapped a plan to sell $500 million worth of stock, a move coming a day after the car rental company in the throes of bankruptcy reorganization disclosed that federal regulators were reviewing the proposed offering. In a regulatory filing Thursday, Hertz said that its board of directors determined that...
US casinos push for cashless gambling payments, citing virus
ATLANTIC CITY, N.J. (AP) — The American casino industry wants gambling regulators to make it easier to adopt cashless payment transactions on the casino floor, citing a desire to help customers avoid handling money during the coronavirus outbreak. In a report released Tuesday, the American Gaming...
Asian shares mixed after Wall Street rally; Hong Kong lower
BANGKOK (AP) — Asian stocks were mixed after an upbeat open on Thursday, as investors pinned their hopes on an economic rebound from the coronavirus crisis. Shares rose in Tokyo, Sydney and Shanghai but dropped in Hong Kong, where tensions are flaring over Beijing’s effort to exert more control...
Asia stocks mixed on uncertainty over Hong Kong security law
Major Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic. Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a...
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