Latest Securities regulation News

Crypto execs head to Capitol as Congress mulls regulations

Dec. 08, 2021 17:36 PM EST

NEW YORK (AP) — Cryptocurrency executives went to Capitol Hill Wednesday to say their fast-growing industry understands more regulation is likely coming, but they don't want it to squelch the next wave of the internet or send it offshore to other countries. Leaders from major...

Trump media venture eyed by regulators; names Nunes CEO

Dec. 06, 2021 20:37 PM EST

NEW YORK (AP) — Regulators are looking into the deal that would bring Donald Trump's new social media company to the stock market, one that has attracted both legions of fans of the former president and people looking to make a quick profit. The company partnering with Trump Media...

Former Oregon Capitol official threatens lawsuit

Dec. 06, 2021 20:21 PM EST

PORTLAND, Ore. (AP) — A former Oregon official who was tasked with fielding harassment complaints in the state Capitol before resigning in June says he was pushed out for revealing flaws in the Legislative Equity Office and is now threatening to sue the Legislature and top lawmakers for...

Struggling Chinese developer warns it could run out of money

Dec. 03, 2021 14:40 PM EST

BEIJING (AP) — A Chinese developer that is struggling under $310 billion in debt warned Friday it may run out of money to “perform its financial obligations” — sending regulators scrambling to reassure investors that China’s financial markets can be protected from a potential...

US steps up disclosure pressure on Chinese companies

Dec. 03, 2021 04:03 AM EST

WASHINGTON (AP) — Chinese companies will have to disclose more information about audits and whether they are controlled by a government or else leave U.S. stock markets under a rule approved by securities regulators. The rule approved Thursday by the Securities and...

China's Didi to leave US stock market amid tech crackdown

Dec. 02, 2021 23:54 PM EST

BEIJING (AP) — China's dominant ride-hailing service, Didi Global Inc., said Friday it will pull out of the New York Stock Exchange and shift its share trading to Hong Kong as the ruling Communist Party tightens control over tech industries. Didi gave no explanation,...

Tesla officially moves headquarters from California to Texas

Dec. 01, 2021 18:11 PM EST

AUSTIN, Texas (AP) — Tesla says it has officially moved its corporate headquarters from Silicon Valley to a large factory under construction outside of Austin, Texas. The company made the announcement late Wednesday in a filing with U.S. securities regulators. CEO Elon...

Group forms to help give equal access to new cannabis market

Nov. 24, 2021 13:03 PM EST

HAMDEN, Conn. (AP) — A new association has been formed to ensure Black and other under represented communities will have an opportunity to participate in Connecticut's new legalized recreational marijuana industry, as state legislators had promised. The Alliance for...

Ohio retirement fund sues Facebook over investment loss

Nov. 16, 2021 10:12 AM EST

COLUMBUS, Ohio (AP) — Revelations about alleged misleading actions by Facebook led to billions in losses to investors, according to a federal lawsuit filed against the social media giant by Ohio's largest public pension fund. The lawsuit by the Ohio Public Employees...

Ohio retirement fund sues Facebook over investment loss

Nov. 15, 2021 22:13 PM EST

COLUMBUS, Ohio (AP) — Ohio’s largest public employee pension fund has sued Facebook — now known as Meta — alleging that it broke federal securities law by purposely misleading the public about the negative effects of its social platforms and the algorithms that run them. ...