Latest Securities regulation News

A currency trader smiles at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Aug. 7, 2020. Asian shares were mostly lower Friday in lackluster trading, as the region weighed continuing trade tensions over China and optimism about more fiscal stimulus for the ailing U.S. economy. (AP Photo/Ahn Young-joon)

Asian shares skid amid virus woes, China-US trade tensions

Aug. 7, 2020 12:06 AM EDT

TOKYO (AP) — Asian shares were mostly lower Friday in lackluster trading, as trade tensions between the U.S. and China offset optimism about more fiscal stimulus for the ailing U.S. economy. Investors were also awaiting a U.S. report on jobs later Friday for another gauge of the economic fallout from the...

A currency trader wearing a face mask walks near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, Aug. 6, 2020. Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling. (AP Photo/Lee Jin-man)

Asian shares mixed as US talks on stimulus still stalled

Aug. 5, 2020 11:17 PM EDT

Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling. Investors are watching to see if lawmakers will come ahead with fresh stimulus for the U.S. economy. Tokyo's Nikkei 225 index shed 0.4% to 22,438.61 while the Shanghai Composite index gave...

FILE - This Saturday, Aug. 5, 2017, file photo shows the U.S. Securities and Exchange Commission building in Washington. Securities regulators are investigating three hotel companies, Wednesday, Aug. 5, 2020,  that returned tens of millions in federal virus-relief money for transactions going back to 2018. The companies controlled by Dallas hotelier Monty Bennett came under scrutiny after taking tens of millions of dollars from a fund designed to help small businesses survive the pandemic.  (AP Andrew Harnik, File)

Hotels criticized for taking virus money face investigation

Aug. 5, 2020 6:38 PM EDT

DALLAS (AP) — A group of hotels that took, and later returned, tens of millions of dollars in federal virus-bailout money are under investigation by securities regulators for transactions between companies in the group going back to 2018. The Ashford companies were among the biggest recipients of federal...

FILE - In this Oct. 31, 2019 file photo, a Fiat logo is pictured on a car in Bayonne, southwestern France. About 1 million Fiat Chrysler vehicles with four-cylinder engines in the U.S. may spew too much pollution, and the company is working with government officials on a recall. The EPA said in a statement Wednesday, Aug. 5, 2020 that the vehicles will be recalled. (AP Photo/Bob Edme, File)

Fiat Chrysler to recall vehicles that may pollute too much

Aug. 5, 2020 4:45 PM EDT

DETROIT (AP) — About 1 million Fiat Chrysler vehicles with four-cylinder engines in the U.S. may spew too much pollution, and the company is working with government officials on a recall. Fiat Chrysler says in a quarterly filing with securities regulators that it found the excess pollution during internal...

FILE - This Jan. 25, 2011 file photo shows a Kodak slide projector in Philadelphia.  Photography company Eastman Kodak is set to receive a $765 million government loan to create a new division that will help make ingredients for use in generic drugs. Kodak Pharmaceuticals will make critical pharmaceutical ingredients that have been identified as essential but have lapsed into chronic national shortage, as defined by the Food and Drug Administration.  (AP Photo/Matt Rourke, File)

Questions being raised after Kodak's stock has a big moment

Aug. 4, 2020 9:11 PM EDT

Eastman Kodak's potentially lucrative deal to help the U.S. government make more generic drugs domestically is threatening to turn into a regulatory headache for the fallen photography giant. Kodak's depressed stock price surged last week before the company announced its plans to work with President Donald...

Former Wilmington Trust execs lose bid to nix SEC complaint

Jul. 29, 2020 5:58 PM EDT

DOVER, Del. (AP) — A federal judge on Wednesday rejected a request by two former bank executives who were convicted on criminal charges to dismiss a civil suit filed against them by federal securities regulators. The Securities and Exchange Commission complaint alleges that former Wilmington Trust...

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...