Latest Securities regulation News

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. ...

Disappearing shorts: As stocks soar, skeptics surrender

Nov. 11, 2021 10:34 AM EST

NEW YORK (AP) — The skeptics on Wall Street have gone missing. As the stock market has surged to records — unbowed by recession, pandemic or warnings of a dangerous bubble — activity has dwindled to a nearly two-decade low for the traders known as short sellers, who...

Treasury report calls for stricter oversight of stablecoins

Nov. 01, 2021 16:53 PM EDT

WASHINGTON (AP) — The Biden administration is calling on Congress to pass legislation that would strengthen government regulation of stablecoins, a form of cryptocurrency that has soared in popularity in the past year. In a 22-page report issued Monday, the Treasury...

Sen. Burr under investigation again for pandemic stock sales

Oct. 28, 2021 15:34 PM EDT

WASHINGTON (AP) — North Carolina Sen. Richard Burr and his brother-in-law are being investigated by the Securities and Exchange Commission for potential insider trading, a case that stems from their abrupt sales of financial holdings during the early days of the coronavirus pandemic,...

Pa. Rep. Kelly faces ethics scrutiny over stock purchase

Oct. 22, 2021 16:28 PM EDT

WASHINGTON (AP) — A congressional ethics watchdog has concluded there is “substantial reason to believe” that the wife of Pennsylvania Rep. Mike Kelly used nonpublic information gained through her husband's position in Congress to earn thousands of dollars through a well-timed stock...

California requires menstrual products in public schools

Oct. 08, 2021 18:38 PM EDT

SACRAMENTO, Calif. (AP) — California public schools and colleges must stock their restrooms with free menstrual products under a bill signed Friday by Gov. Gavin Newsom. The move comes as women’s rights advocates push nationwide for affordable access to pads, tampons...

Massachusetts Senate approves bill to expand voting rights

Oct. 06, 2021 19:20 PM EDT

BOSTON (AP) — A bill that would permanently write into Massachusetts law early voting options that were temporarily adopted during the height of the coronavirus pandemic was approved overwhelmingly Wednesday by the Massachusetts Senate. The bill would also enact...

Corral, Young meet for No. 1 Alabama vs. No. 12 Mississippi

Sep. 30, 2021 13:49 PM EDT

No. 12 Mississippi (3-0, 0-0 SEC) at No. 1 Alabama (4-0, 1-0), Saturday at 3:30 p.m. EDT (CBS). Line: Alabama by 14 ½, according to FanDuel Sportsbook. Series record: Alabama leads 56-10-2 (53-11-2 after NCAA forfeits/vacated games) and has won five...