Latest U.S. Securities and Exchange Commission News

Greece mulls damages claim over drugmaker bribe scandal

Jun. 26, 2020 10:42 AM EDT

ATHENS, Greece (AP) — Greece’s government said Friday that it is planning to seek damages from Swiss drugmaker Novartis following a settlement in the United States over bribery allegations. The settlement worth more than $345 million was announced Thursday by the Securities and Exchange Commission...

Securities and Exchange Commission (SEC) Chairman Jay Clayton testifies before a House Committee on Financial Services hearing on Financial Services Capital Markets and Emergency Lending in the COVID-19 Era on Capitol Hill in Washington, Thursday, June 25, 2020. (Brendan Smialowski/Pool via AP)

Pick for top NY prosecutor won't withdraw from Trump matters

Jun. 25, 2020 4:25 PM EDT

WASHINGTON (AP) — President Donald Trump’s pick to be the top federal prosecutor in Manhattan won't say whether he would withdraw from overseeing matters related to Trump in his current job, as Securities and Exchange Commission chairman, or if confirmed as U.S. attorney. Jay Clayton repeatedly...

The Supreme Court is seen in Washington, early Monday, June 15, 2020. (AP Photo/J. Scott Applewhite)

Supreme Court rules SEC can recoup money in fraud cases

Jun. 22, 2020 10:25 AM EDT

WASHINGTON (AP) — The Supreme Court on Monday preserved an important tool used by securities regulators to recoup ill-gotten gains in fraud cases. By an 8-1 vote, the justices ruled that the Securities and Exchange Commission can seek to recover the money through a process called disgorgement. Last year,...

Geoffrey S. Berman, United States attorney for the Southern District of New York, arrives to his office in New York on Saturday, June 20, 2020. The Justice Department moved abruptly Friday night to oust Berman, the U.S. attorney in Manhattan overseeing key prosecutions of President Donald Trump’s allies and an investigation of his personal lawyer Rudy Giuliani. But Berman said he was refusing to leave his post and his ongoing investigations would continue. (AP Photo/Kevin Hagen)

Top Manhattan prosecutor leaves job after standoff with Barr

Jun. 20, 2020 9:18 PM EDT

WASHINGTON (AP) — An extraordinary standoff between the Justice Department and Manhattan U.S. Attorney Geoffrey S. Berman ended Saturday when the prosecutor agreed to leave his job with an assurance that his investigations into allies of President Donald Trump would not be disturbed. The announcement...

FILE - In this Oct. 26, 2018, file photo, Geoffrey Berman, U.S. attorney for the Southern District of New York, speaks during a news conference at the Department of Justice in Washington. Berman, who oversaw key prosecutions of allies of President Donald Trump and an investigation into Trump’s personal lawyer Rudy Giuliani, is resigning. Attorney General William Barr said Friday, June 19, 2020, that Trump intends to nominate Jay Clayton, the chair of the Securities and Exchange Commission, to the post. (AP Photo/Alex Brandon, File)

DOJ tries to oust US attorney investigating Trump allies

Jun. 20, 2020 1:10 AM EDT

WASHINGTON (AP) — The Justice Department moved abruptly Friday night to oust Geoffrey S. Berman, the U.S. attorney in Manhattan overseeing key prosecutions of President Donald Trump’s allies and an investigation of his personal lawyer Rudy Giuliani. But Berman said he was refusing to leave his post...

This May 23, 2020, photo shows rental vehicles parked outside a closed Hertz car rental office in south Denver. Hertz said Wednesday, June 17, it has put its plans to sell $500 million worth of stock on hold because the offering is being reviewed by the Securities and Exchange Commission. (AP Photo/David Zalubowski)

Hertz suspends plans for $500M stock sale pending SEC review

Jun. 17, 2020 4:46 PM EDT

Hertz said Wednesday it has put its plans to sell $500 million worth of stock on hold because the offering is being reviewed by the Securities and Exchange Commission. Trading in shares of the car rental company, which filed for bankruptcy protection last month, were halted before the announcement. The stock...

FILE - In this March 9, 2020, file photo, Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington. Musk is threatening to pull the company’s factory and headquarters out of California in an escalating spat with local officials over reopening an electric vehicle plant. On Twitter Saturday afternoon, May 9, 2020. Musk also threatened to sue over Health Department coronavirus restrictions that have stopped Tesla from restarting production at its factory in Fremont south of San Francisco. (AP Photo/Susan Walsh, File)

Tesla shareholder suit over Elon Musk tweets remains on hold

May. 19, 2020 5:58 PM EDT

DOVER, Del. (AP) — A Delaware judge has denied a request by attorneys for Tesla shareholders to pursue a lawsuit seeking to prevent CEO Elon Musk from using his personal Twitter account to disseminate information regarding the electric vehicle and solar panel manufacturer. Vice Chancellor Joseph Slights...