Latest Securities regulation News

MassMutual fined for failing to monitor GameStop saga star

Sep. 16, 2021 16:45 PM EDT

NEW YORK (AP) — Massachusetts regulators are fining MassMutual $4 million and ordering it to overhaul its social-media policies after accusing the company of failing to supervise an employee whose online cheerleading of GameStop's stock helped launch the frenzy that shook Wall Street...

Chinese tycoon's companies pay $539M in US securities case

Sep. 14, 2021 02:40 AM EDT

NEW YORK (AP) — Three companies linked to a Chinese businessman who is a prominent critic of his country’s ruling Communist Party have agreed to pay $539 million to settle charges they conducted an illegal securities offering, according to regulators. The New York-...

Justice Department will 'protect' abortion seekers in Texas

Sep. 06, 2021 12:18 PM EDT

WASHINGTON (AP) — The Justice Department said Monday that it will not tolerate violence against anyone who is trying to obtain an abortion in Texas as federal officials explore options to challenge a new state law that bans most abortions. Attorney General Merrick...

Students with disabilities hope for 'new normal' in class

Sep. 05, 2021 08:01 AM EDT

SALT LAKE CITY (AP) — Anna Stephens is a physics and astronomy student at the University of Utah. At first, she hated the idea of attending class remotely last school year. Stephens deals with chronic pain and fatigue. She’s also autistic and has ADHD. ...

Lawmakers weigh education options amid COVID-19 surge

Sep. 01, 2021 18:45 PM EDT

FRANKFORT, Ky. (AP) — Keeping students learning in their classrooms should be the overarching goal of any education policies responding to disruptions caused by COVID-19, a key lawmaker said Wednesday. With more Kentucky school districts pausing in-person learning as...

Kansas City Southern takeover vote delayed after bid gutted

Sep. 01, 2021 11:40 AM EDT

OMAHA, Neb. (AP) — A planned shareholder vote on Canadian National's $33.6 billion offer has been delayed after regulators rejected a key part of the plan, so now Kansas City Southern railroad can consider all of its options, including a competing $31 billion offer from Canadian Pacific...

State senator resigns to take post in Biden administration

Aug. 17, 2021 11:37 AM EDT

PROVIDENCE, R.I. (AP) — A Rhode Island state senator announced her resignation on Tuesday to take a post in the administration of President Joe Biden. Gayle Goldin, D-Providence, said in a statement she has been named a senior adviser at the U.S. Department of Labor...

Buffett's firm ups Kroger stake while trimming drug holdings

Aug. 16, 2021 20:19 PM EDT

OMAHA, Neb. (AP) — Billionaire Warren Buffett's company has again increased the size of its bet on grocery giant Kroger, while scaling back several of its health care industry investments. Berkshire Hathaway Inc. said in a quarterly update with regulators Monday that...

Kentucky Sen. Paul failed to disclose wife's stock trade

Aug. 12, 2021 11:53 AM EDT

WASHINGTON (AP) — Kentucky Sen. Rand Paul waited more than a year to disclose that his wife purchased stock in a company that makes a COVID-19 treatment, an investment made after Congress was briefed on the threat of the virus but before the public was largely aware of its danger. ...

Robinhood discloses stock offering, shares down premarket

Aug. 05, 2021 07:21 AM EDT

Shares of Robinhood are down more than 10% before the market open on Thursday as the company disclosed in a regulatory filing that it plans a stock offering of up to nearly 98 million shares. Robinhood Markets Inc. said that the stock is being sold over time by selling...