Latest Securities regulation News

Mobile homesick: Aurora struggles trying to help renters

Sep. 15, 2019 1:43 PM EDT

AURORA, Colorado (AP) — More than a year ago, Aurora was blazing trails in how to handle the battle between mobile home park owners and helpless renters. Now, Aurora lawmakers, like so many across the state, are struggling again with whether and how to preserve the dwindling stock of affordable housing....

London Stock Exchange rejects Hong Kong takeover bid

Sep. 13, 2019 11:43 AM EDT

LONDON (AP) — The London Stock Exchange on Friday rejected an unsolicited takeover bid from its Hong Kong counterpart, citing "fundamental concerns" about the offer. The London Stock Exchange Group said strategic and regulatory problems were among the reasons it turned down the unexpected proposal by Hong...

Audit: Federal utility execs overspent on travel expenses

Sep. 11, 2019 7:00 PM EDT

NASHVILLE, Tenn. (AP) — An audit has found instances in which executives for the nation's largest public utility overspent on travel. The inspector general's report Wednesday audited about $1.8 million worth of Tennessee Valley Authority executive travel expenses from October 2016 through July 2018. The...

States sue SEC, claiming investors left behind by new rules

Sep. 10, 2019 3:26 PM EDT

NEW YORK (AP) — Seven states and the District of Columbia have sued the Securities and Exchange Commission, saying the regulatory agency is putting investors in jeopardy by relaxing rules designed to ensure that securities brokers keep the interests of their customers ahead of their own. The lawsuit filed...

Colorado securities head resigns after posting questioned

Sep. 5, 2019 8:33 PM EDT

DENVER (AP) — Colorado's securities commissioner has resigned after regulators and attorneys questioned the validity of his appointment. The Colorado Sun reports Chris Myklebust is expected to step down from the post Sept. 20. The announcement was made in an email sent to members of the state's securities...

Markets Right Now: Tech leads a broad rally on Wall Street

Sep. 4, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Technology companies led a broad rally in U.S. stocks, erasing much of the market's losses from a day earlier. Traders pivoted to riskier holdings Wednesday as encouraging developments overseas helped alleviate...

Global stocks rise on hope for Hong Kong calm

Sep. 4, 2019 8:06 AM EDT

BEIJING (AP) — Global stocks rose Wednesday as Hong Kong's government withdrew a proposed extradition law that sparked three months of protests in the Chinese territory. Hong Kong's benchmark Hang Seng index jumped 3.9% on news of plans for the withdrawal, which Chief Executive Carrie Lam confirmed after...

Fight over energy law heads to New Mexico Supreme Court

Aug. 30, 2019 2:50 PM EDT

ALBUQUERQUE, N.M. (AP) — Environmentalists and the state's largest electric utility are asking the New Mexico Supreme Court to settle a dispute over whether the state's new energy law must be considered as regulators deliberate the planned closure of a coal-fired power plant. The groups petitioned the...

Attacks by US extremists lead to push for anti-terror laws

Aug. 29, 2019 4:31 PM EDT

SALEM, Oregon (AP) — A white man opens fire at a Walmart in El Paso, Texas, targeting Mexicans and killing 22 people. Another man kills 11 Jewish worshippers at a synagogue in Pittsburgh. The two mass shootings and a presidential tweet put a spotlight on the idea of "domestic terrorism," adding momentum to...

Report says panel, not lawmakers, should redraw districts

Aug. 29, 2019 4:22 PM EDT

HARRISBURG, Pa. (AP) — A commission set up by Democratic Gov. Tom Wolf recommended Thursday that Pennsylvania redraw congressional and legislative districts through an 11-person appointed group that would provide a set of options that state lawmakers would choose from. The report by the Pennsylvania...