Latest Securities regulation News

FILE - In this Jan. 6, 2018, file photo, an employee stocks cannabis at a store shortly before its first day of recreational marijuana sales in San Francisco. Two marijuana trade organizations filed a lawsuit Monday, Oct. 19, 2020, against the nation's largest legal pot market over restrictions on stand-alone delivery services that have blocked them from obtaining licenses until 2025. The lawsuit against Los Angeles and its Department of Cannabis Regulation seeks to overturn rules enacted earlier this year that postponed the availability of those licenses for certain businesses, even though broad legal sales began in the state in January 2018. (AP Photo/Noah Berger, File)

Los Angeles faces lawsuit over marijuana delivery licenses

Oct. 19, 2020 8:12 PM EDT

LOS ANGELES (AP) — Two marijuana trade organizations filed a lawsuit Monday against the nation’s largest legal pot market over restrictions on stand-alone delivery services that have blocked them from obtaining licenses until 2025. The lawsuit against Los Angeles and its Department of Cannabis...

Prosecutors: It's time for ex-congressman to go to prison

Oct. 7, 2020 6:38 PM EDT

NEW YORK (AP) — Prosecutors urged a judge Wednesday to reject an effort to delay or eliminate a prison sentence for the first member of Congress to endorse Donald Trump for president. Federal prosecutors said in a letter that it’s time for Christopher Collins to report to a Pensacola, Florida,...

Regulators may take action against GE over faulty accounting

Oct. 6, 2020 5:47 PM EDT

NEW YORK (AP) — Federal regulators may take action against General Electric for possible violations of securities laws, the company said Tuesday, signaling a new phase in ongoing federal investigations into the company's accounting practices. In a federal filing, GE revealed it received a notice Sept. 30...

FILE- In this Jan. 17, 2020 file photo, former U.S. congressman Christopher Collins leaves federal court in New York after being sentenced to two years and two months for helping his son and others dodge $800,000 in stock market losses. The first member of Congress to endorse Donald Trump for president four years ago cited the coronavirus Thursday, Oct. 1, 2020, as he asked to delay serving his 26-month prison sentence. Collins was supposed to report to a federal prison camp in Pensacola, Florida, on Oct. 13 after pleading guilty last year to conspiracy to commit securities fraud and lying to law enforcement officials. (AP Photo/Bebeto Matthews, File)

Ex-congressman seeks to delay going to prison, citing COVID

Oct. 1, 2020 7:45 PM EDT

NEW YORK (AP) — The first member of Congress to endorse Donald Trump for president four years ago cited the coronavirus Thursday as he asked to delay or modify his 26-month prison sentence. Christopher Collins, 70, is supposed to report to a federal prison camp in Pensacola, Florida, on Oct. 13 after...

Seattle-area Amazon employee charged with insider trading

Sep. 29, 2020 3:58 PM EDT

SEATTLE (AP) — The U.S. Securities and Exchange Commission filed a lawsuit Monday against an Amazon finance manager accused of leaking confidential company information to family members, allowing them to make nearly $1.4 million by trading based on insider tips. Laksha Bohra, a former manager in...

SEC: Fiat Chrysler to pay $9.5M for misleading investors

Sep. 29, 2020 3:58 PM EDT

DETROIT (AP) — Fiat Chrysler will pay $9.5 million to settle charges from U.S. securities regulators that it misled investors about emissions control problems. The Securities and Exchange Commission said Monday that the Italian-American automaker made incomplete disclosures to investors about an internal...

How major US stock indexes fared Wednesday

Sep. 23, 2020 4:51 PM EDT

Technology companies dragged U.S. stocks sharply lower Wednesday as Wall Street's tumultuous month continues to churn. The latest losses erased the S&P 500's gains from a day earlier and deepened the benchmark index’s September slide to 7.5% after a five-month rally. Worries about a potential second...

This April 28, 2020 file photo shows the Pilgrim's Pride plant in Cold Spring. Minn. A federal grand jury has charged four current and former chicken company executives with price-fixing. The U.S. Department of Justice says the executives from Colorado-based Pilgrim’s Pride and Georgia-based Claxton Poulrty conspired to fix prices and rig bids for broiler chickens from at least 2012 to 2017.(Dave Schwarz/St. Cloud Times via AP)

Pilgrim's Pride CEO, indicted on price fixing counts, is out

Sep. 23, 2020 7:36 AM EDT

GREELEY, Colo. (AP) — Pilgrim’s Pride has replaced its CEO as he prepares to face price fixing charges. The company announced in June that its chief executive, Jayson Penn, was taking a leave of absence to focus on his defense after he was indicted, and named Chief Financial Officer Fabio Sandri to...

FILE - In this Jan. 11, 2012 file photo, buyers and industry affiliates pass by the Kodak exhibit at the 2012 International CES trade show in Las Vegas.  An independent legal review has determined that there were several flaws in how Eastman Kodak gave stock option grants to its CEO prior to the once formidable photography company being awarded a loan from the Trump administration.  (AP Photo/Julie Jacobson, File)

Kodak erred with stock grants but review finds actions legal

Sep. 16, 2020 10:28 AM EDT

Shares of Kodak are sharply higher after an independent legal review found that while there were flaws in how Eastman Kodak issued stock option grants to its CEO just before revealing a major development that sent its stock soaring, no illegality was involved. In late July the U.S. International Development...

A person walk in front of a building with the logo of the insolvent company Wirecard  in Aschheim near Munich, Germany, Tuesday, Sept. 1, 2020. German opposition parties plan to force the launch of a parliamentary inquiry into the downfall of bankrupt payment company Wirecard. (Peter Kneffel/dpa via AP)

German prosecutors drop probe of journalists over Wirecard

Sep. 3, 2020 2:03 PM EDT

BERLIN (AP) — German prosecutors said Thursday they have closed an investigation into two journalists with the Financial Times that was launched following reports last year about allegations of irregularities at now-bankrupt payment company Wirecard. Wirecard's shares plunged following the reports in...