Latest Securities regulation News

University of Mississippi Vice Chancellor for Intercollegiate Athletics Keith Carter, left, talks with Southeastern Conference Commissioner Greg Sankey, right, before they testify at a Senate Commerce Committee hearing on Capitol Hill in Washington, Wednesday, July 1, 2020. The hearing is looking at the National Collegiate Athletic Association Board of Governors' recent report on student-athlete compensation and the modernization of rules related to name, image, and likeness (NIL) commercialization. (AP Photo/Susan Walsh)

SEC's Sankey: Federal NIL law needed for fair competition

Jul. 1, 2020 4:45 PM EDT

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...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 26, 2020. Asian stock markets followed Wall Street higher on Friday after U.S. regulators removed some limits on banks' ability to make investments. (AP Photo/Ahn Young-joon)

Stocks sink as virus cases jump, forcing states to backtrack

Jun. 26, 2020 5:36 PM EDT

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...

File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany.  (Sven Hoppe/picture-alliance/dpa via AP, file)

EU regulators to look into German handling of Wirecard case

Jun. 26, 2020 12:12 PM EDT

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...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 26, 2020. Asian stock markets followed Wall Street higher on Friday after U.S. regulators removed some limits on banks' ability to make investments. (AP Photo/Ahn Young-joon)

Asian stocks follow Wall Street higher on bank news

Jun. 25, 2020 11:29 PM EDT

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

Jun. 25, 2020 4:45 PM EDT

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...

The Supreme Court is seen in Washington, early Monday, June 15, 2020. (AP Photo/J. Scott Applewhite)

Supreme Court rules SEC can recoup money in fraud cases

Jun. 22, 2020 10:25 AM EDT

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,...

This May 23, 2020, photo shows rental vehicles parked outside a closed Hertz car rental office in south Denver. Hertz said Wednesday, June 17, it has put its plans to sell $500 million worth of stock on hold because the offering is being reviewed by the Securities and Exchange Commission. (AP Photo/David Zalubowski)

Hertz board scraps planned $500M stock sale amid SEC review

Jun. 18, 2020 4:42 PM EDT

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...

This April 17, 2015 photo shows stacks of gambling chips on a roulette table at the Tropicana Casino and Resort in Atlantic City, N.J. On June 16, 2020, the American Gaming Association, the casino industry's national trade group, called on state gambling regulators to make it easier for gamblers to use cashless betting options during the coronavirus outbreak. (AP Photo/Wayne Parry)

US casinos push for cashless gambling payments, citing virus

Jun. 16, 2020 10:07 AM EDT

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...

A women wearing a face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange, Thursday, May 28, 2020. Asian stocks are mixed after an upbeat open, as hopes for an economic rebound from the coronavirus crisis were dimmed by tensions between the U.S. and China over Hong Kong and other issues. (AP Photo/Vincent Yu)

Asian shares mixed after Wall Street rally; Hong Kong lower

May. 28, 2020 12:36 AM EDT

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...

A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, May 27, 2020. Major Asian stock markets have declined as US-Chinese tension over Hong Kong competes with optimism about recovery from the coronavirus pandemic. (AP Photo/Lee Jin-man)

Asia stocks mixed on uncertainty over Hong Kong security law

May. 26, 2020 11:48 PM EDT

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...