Latest Securities regulation News

Secretary of Health and Human Services Alex Azar testifies before a Senate Appropriations subcommittee on President Donald Trump's budget request for fiscal year 2021, on Capitol Hill in Washington, Tuesday, Feb. 25, 2020. President Donald Trump said Tuesday that the urgent $2.5 billion plan for coronavirus he sent to lawmakers will prepare the nation in case of an outbreak in the U.S. and help other nations unprepared to handle the threat. (AP Photo/J. Scott Applewhite)

Trump, US officials send mixed messages on virus risk here

Feb. 25, 2020 8:08 PM EST

WASHINGTON (AP) — President Donald Trump and his chief economic adviser said Tuesday that the new coronavirus is under control in the U.S., even as the government's top disease fighters warned Americans to prepare for an outbreak here. The mixed messages came as the stock market tumbled for a second...

President Donald Trump talks to the media before he boards Air Force One for a trip to Los Angeles to attend a campaign fundraiser, Tuesday, Feb. 18, 2020, at Andrews Air Force Base, Md. (AP Photo/Evan Vucci)

President Trump goes on clemency spree, and the list is long

Feb. 19, 2020 6:18 AM EST

WASHINGTON (AP) — President Donald Trump went on a clemency blitz Tuesday, commuting former Illinois Gov. Rod Blagojevich's 14-year prison sentence and pardoning former New York City police commissioner Bernie Kerik, among a long list of others. Those who got a break from Trump include financier Michael...

FILE - In this April 30, 2018, file photo,  financier Michael Milken leads a discussion at the Milken Institute Global Conference in Beverly Hills, Calif. (AP Photo/Jae C. Hong, File )

11 big and not-so-big names granted clemency by Trump

Feb. 18, 2020 6:19 PM EST

Some were big names who grabbed national headlines while others were lesser known but also faced serious charges and prison. A look at who was granted clemency Tuesday by President Donald Trump and an overview of their criminal cases: PARDONS Edward DeBartolo, Jr. was the owner of the San Francisco 49ers when...

FILE - In this Feb. 2, 2020 file photograph, the company logo sits on an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Shares of Tesla Inc. fell 4% in early trading Thursday, Feb. 13, after the electric vehicle and solar panel maker said it would sell more than $2 billion worth of additional shares. The move comes just two weeks after CEO Elon Musk said the company had enough cash to fund its capital programs and it didn't need to raise any more money. (AP Photo/David Zalubowski, File)

Tesla offers $2B in added shares, discloses SEC subpoena

Feb. 13, 2020 12:49 PM EST

DETROIT (AP) — Tesla said that is selling $2 billion worth of additional stock, that its U.S. revenue fell last year and that securities regulators are scrutinizing its finances. All of the developments Thursday were disclosed in filings with U.S. Securities and Exchange Commission, which in December...

People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Feb. 12, 2020. Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments. (AP Photo/Kin Cheung)

Asian shares rise despite worries about virus outbreak

Feb. 11, 2020 10:37 PM EST

TOKYO (AP) — Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments. Japan's Nikkei 225 rose 0.5% in morning trading to 23,813.14. Australia's S&P/ASX 200 gained 0.6% to 7,094.00. Hong Kong's Hang Seng added 0.7% to 27,771.29,...

How major US stock indexes fared Tuesday

Feb. 11, 2020 5:12 PM EST

Stocks closed mostly higher on Wall Street Tuesday, nudging the S&P 500 and Nasdaq to all-time highs for the second straight day. Health care companies, retailers and banks rose. Technology stocks fell after federal regulators said they are ramping up a probe into Microsoft and other tech giants. On...

Boeing confirms SEC investigating disclosures around 737 Max

Feb. 3, 2020 4:58 PM EST

WASHINGTON (AP) — Boeing Co. has confirmed that securities regulators are investigating the company in connection with the 737 Max, which was grounded after two deadly crashes. Boeing disclosed the Securities and Exchange Commission investigation in a regulatory filing Friday. The filing provides few...

In this Oct. 1, 2019, file photo, former U.S. Rep. Chris Collins leaves federal court in New York. Prosecutors recommended Monday, Jan. 13, 2020, that Collins receive nearly five years for insider trading. U.S. District Judge Vernon Broderick is scheduled to sentence Collins on Friday. (AP Photo/Frank Franklin II, File)

Prosecutors seek nearly 5 years in prison for ex-Congressman

Jan. 13, 2020 9:42 PM EST

NEW YORK (AP) — A former congressman should serve nearly five years in prison for insider trading, especially after coming to represent “the cynical idea that those in power who make the laws are not required to follow them,” prosecutors said Monday. Christopher Collins, 69, is scheduled to...

Lawyers: 'Humbled' ex-US Rep. Collins deserves no prison

Jan. 7, 2020 9:39 PM EST

NEW YORK (AP) — An ex-U.S. congressman is humbled and remorseful after pleading guilty to conspiracy in an insider trading scheme and should face no time behind bars, his lawyers argued in court papers Tuesday. The presentence submission on behalf of 69-year-old Christopher Collins was filed in Manhattan...

FILE - In this July 11, 2012, file photo, John Arensmeyer, CEO of the advocacy group Small Business Majority, poses for a portrait at the Small Business Majority office in Washington. The Setting Every Community Up for Retirement Enhancement Act, known as the SECURE Act, won final congressional approval in the Senate last month and was signed into law by President Donald Trump. One of the bill's features makes it easier for small businesses to band together to offer 401(k) and other retirement plans.“ Most small businesses simply don’t have the funds or staff to offer and manage retirement plans,” said Arensmeyer. (AP Photo/Jacquelyn Martin, File)

New law may encourage businesses to offer retirement plans

Jan. 6, 2020 3:25 PM EST

NEW YORK (AP) — A new law expanding retirement plan options for small businesses may encourage more companies to offer the benefits to their workers. The Setting Every Community Up for Retirement Enhancement Act, known as the SECURE Act, won final congressional approval in the Senate last month and was...