Latest U.S. Securities and Exchange Commission News

New crypto oversight legislation arrives as industry shakes

Aug. 03, 2022 17:32 PM EDT

WASHINGTON (AP) — After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to...

Alibaba striving to maintain US listing amid delisting fears

Aug. 01, 2022 20:43 PM EDT

HONG KONG (AP) — Chinese e-commerce firm Alibaba said Monday that it wants to keep its shares listed in both New York and Hong Kong, days after U.S. regulators included it in a list of companies that may be delisted for not complying with auditing requirements. The U.S. Securities...

Ex-US congressman among 9 charged in insider trading cases

Jul. 25, 2022 17:14 PM EDT

NEW YORK (AP) — A former U.S. congressman from Indiana, technology company executives, a man training to be an FBI agent, and an investment banker were among nine people charged in four separate and unrelated insider trading schemes revealed on Monday with the unsealing of indictments in New York...

3 charged with wire fraud in federal cryptocurrency case

Jul. 22, 2022 08:22 AM EDT

SEATTLE (AP) — A former employee of the cryptocurrency exchange platform Coinbase and two others were charged by the U.S. Securities and Exchange Commission for alleged insider trading valued at more than $1.1 million, according to a lawsuit filed Thursday in U.S. District Court in Seattle. ...

Feds: 1st cryptocurrency insider trading case snares 3

Jul. 21, 2022 20:50 PM EDT

NEW YORK (AP) — A former Coinbase product manager and his brother, along with a Houston man, were charged Thursday in what federal authorities described as the U.S. government’s first cryptocurrency insider trading case. The brothers — Ishan Wahi and Nikhil Wahi — were...

Warren Buffett's firm owns nearly $11B of Occidental stock

Jul. 19, 2022 11:36 AM EDT

OMAHA, Neb. (AP) — Warren Buffett's Berkshire Hathaway now owns nearly $11 billion worth of Occidental Petroleum stock after buying another 1.9 million shares in the past week. The latest purchases of nearly $117 million in stock that Berkshire reported to the Securities and...

EXPLAINER: What happens next in the Musk-Twitter saga?

Jul. 11, 2022 16:39 PM EDT

Tesla CEO Elon Musk and Twitter are bracing for a legal fight after the billionaire said Friday he was abandoning his $44 billion bid for the social media company. Twitter is vowing to challenge Musk in court to uphold the agreement. Shares of Twitter slid more than 11% on Monday....

Trump social media firm subpoened by feds, stock regulators

Jul. 01, 2022 20:12 PM EDT

NEW YORK (AP) — Donald Trump's social media company and some of its employees received subpoenas from both a federal grand jury and securities regulators, according to a public disclosure Friday, possibly delaying or even killing a deal promising a cash infusion needed to take on Twitter. ...

Ressa says Philippine courts to decide Rappler closure order

Jun. 29, 2022 04:18 AM EDT

MANILA, Philippines (AP) — Nobel Peace Prize laureate Maria Ressa said her Rappler news website was operating “business as usual” Wednesday and would let Philippine courts decide on a government order to close the outlet critical of the outgoing Duterte administration and its deadly drug...

Maria Ressa: Philippines affirms news site shutdown order

Jun. 28, 2022 23:54 PM EDT

HONOLULU (AP) — Filipino journalist and Nobel Peace Prize winner Maria Ressa announced in a speech in Hawaii Tuesday that the Philippine government is affirming a previous order to shut down Rappler, the news website she co-founded, which has gained notoriety for its reporting of President...