Latest U.S. Securities and Exchange Commission News

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...

Company buying Trump's social media app faces subpoenas

Jun. 27, 2022 17:54 PM EDT

NEW YORK (AP) — The company planning to buy Donald Trump’s new social media business has disclosed a federal grand jury investigation that it says could impede or even prevent its acquisition of the Truth Social app. Shares of Digital World Acquisition Corp. dropped almost 10%...

Former pharma employee admits role in insider trading scheme

Jun. 23, 2022 11:05 AM EDT

NEWARK, N.J. (AP) — A former communications director at a pharmaceutical company has pleaded guilty in what authorities said was an insider trading scheme involving a breast cancer drug. Lauren Wood pleaded guilty Wednesday in Newark to one count of securities fraud and is...

Idexx, one of Maine's biggest employers, pulls out of Russia

Jun. 21, 2022 10:43 AM EDT

WESTBROOK, Maine (AP) — One of the largest employers in Maine is permanently closing a Russian subsidiary and ceasing business in the country. Westbrook-based Idexx Laboratories, a leader in veterinary medicine, disclosed its decision with the Securities and Exchange Commission...

Companies weigh in on proposed SEC climate disclosure rule

Jun. 17, 2022 13:49 PM EDT

WASHINGTON (AP) — The Securities and Exchange Commission moved closer Friday to a final rule that would dramatically alter what public companies tell shareholders about climate change — both the risks it poses to their operations and their own contributions to the problem. Public...

Musk appeals ruling that upheld securities fraud settlement

Jun. 16, 2022 11:43 AM EDT

DETROIT (AP) — Tesla CEO Elon Musk is appealing a federal court ruling that upheld a securities fraud settlement over Musk's tweets claiming that he had the funding to take Tesla private in 2018. Musk's lawyer Alex Spiro filed a notice of appeal Wednesday with the federal appeals...

Georgia investment adviser on the run ordered to pay $12M

Jun. 08, 2022 13:49 PM EDT

ATLANTA (AP) — A financial adviser who's been on the run for nearly two years has been ordered to pay $12 million to his victims in Georgia, North Carolina and Florida. The default judgment was recently entered in a lawsuit brought by the federal Securities and Exchange Commission...

Texas AG strides into Twitter takeover drama to bolster Musk

Jun. 07, 2022 18:57 PM EDT

WASHINGTON (AP) — State officials across the nation have taken on Big Tech companies in the courts and state legislatures, and federal regulators have nipped at Twitter over alleged violations of users’ data privacy. Now, one state attorney general with an outsize personality and...

Musk threatens to walk away from Twitter deal

Jun. 06, 2022 18:04 PM EDT

DETROIT (AP) — Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot and fake accounts. Lawyers for the Tesla and SpaceX CEO made the threat in a letter to Twitter dated Monday that...