Latest U.S. Securities and Exchange Commission News
Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longstanding real estate industry practices. The online brokerage and real estate services...
Trump Media fires auditing firm that US regulators have charged with 'massive fraud'
NEW YORK (AP) — Trump Media and Technology Group, the owner of social networking site Truth Social, has fired an auditor that federal regulators recently charged with “massive fraud.” The former president's media company dismissed BF Borgers as its independent public accounting...
Trump Media's newly hired auditing firm was just busted by the SEC for 'massive fraud'
SAN FRANCISCO (AP) — The Securities and Exchange Commission on Friday charged an auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former President Donald Trump’s media company. The SEC...
Trading Trump: Truth Social's first month of trading has sent investors on a ride
WASHINGTON (AP) — There have been lawsuits, short-selling and rampant speculation. Now, as Trump Media & Technology Group approaches its first month as a publicly traded company, it’s clear that — like the man it’s named after — there’s nothing typical about the stock. ...
Amid legal challenges, SEC pauses its climate rule
WASHINGTON (AP) — The U.S. Securities and Exchange Commission is pausing the implementation of its new climate disclosure rule while it defends the regulation in court. Wall Street's top regulator voted in March on the final rule, which requires some public companies in the U.S....
When Trump needs cash, a California bank and one of its top shareholders have come to the rescue
WASHINGTON (AP) — Donald Trump left the White House facing a cash crunch and a tattered reputation after his attempts to overturn the 2020 election, threatening the viability of his business empire. Soon, though, a new source stepped forward to provide a financial lifeline when many longtime...
Audit finds inadequate state oversight in Vermont's largest fraud case
The state of Vermont did not provide adequate oversight to prevent the massive fraud that occurred in ski area and other development projects funded by foreign investors' money through a special visa program, a state audit has found. The financial scandal first revealed in 2016,...
Arista Networks former chairman agrees to pay nearly $1M to settle insider trading charges
The founder and former chairman of technology company Arista Networks has agreed to pay almost $1 million to settle insider trading charges. The Securities and Exchange Commission said Tuesday that Andreas “Andy” Bechtolsheim misappropriated material nonpublic information related...
Compass agrees to pay $57.5 million, make policy changes to settle real estate commission lawsuits
Real estate brokerage company Compass Inc. will pay $57.5 million as part of a proposed settlement to resolve lawsuits over real estate commissions, the company said in a regulatory filing Friday. The New York-based company also agreed to change its business practices to ensure...
SEC approves rule requiring some companies to report greenhouse gas emissions. Legal challenges loom
WASHINGTON (AP) — The U.S. Securities and Exchange Commission on Wednesday approved a rule that will require some public companies to report their greenhouse gas emissions and climate risks, after last-minute revisions that weakened the directive in the face of strong pushback from companies. ...
