Mid-size Companies Should Comply with Sarbanes-Oxley
Accountants at the Securities and Exchange Commission (SEC) are recommending that medium-size public companies should not be exempted from a key auditing provision in the 2002 Sarbanes-Oxley Act,...
View ArticleU.S. SEC Adopts New Mine Safety Disclosure Rules
Mining companies will need to disclose to investors information about health and safety violations under new rules adopted on Wednesday by the U.S. Securities and Exchange Commission. The rules, which...
View ArticleHacked Companies Still Not Telling Investors
At least a half-dozen major U.S. companies whose computers have been infiltrated by cyber criminals or international spies have not admitted to the incidents despite new guidance from securities...
View ArticleSEC to Require Mea Culpas in Some Big Settlements
The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some big settlements. Currently, under a longstanding...
View ArticleRegulators Alert Financial Firms to Disaster Risk
The Securities and Exchange Commission has issued a risk alert on business continuity and disaster recovery planning for investment advisers. The SEC risk alert from its Office of Compliance...
View ArticleChubb Disowns Syria ‘Adjusters’ After SEC Inquiry
Chubb Corp. has distanced itself from insurance adjusters in Sudan and Syria after a U.S. Securities and Exchange Commission inquiry into business in nations blacklisted by the U.S. because of...
View ArticleSEC Reports Rise in Whistleblower Tips in Fiscal 2014
The U.S. Securities and Exchange Commission received more than 3,500 tips from whistleblowers in fiscal year 2014, the largest number received since the program went into effect three years ago. The...
View ArticleSEC Determines No Enforcement Action Over Target’s Data Breach
The U.S. Securities and Exchange Commission won’t pursue an enforcement action against Target Corp. after hackers stole data on 40 million credit and debit cards during the 2013 holiday shopping...
View ArticleSEC Focus on Unicorn Start Ups Could Change Private Company D&O Insurance
Unicorn start-ups are facing increasing scrutiny by the U.S. Securities and Exchange Commission (SEC) for several reasons, including the potential for inflated valuations and misleading statements both...
View ArticleMusk Off Tesla Board as Part of Settlement With Regulators
Tesla’s board has named one of its own as chairman to replace Elon Musk, complying with terms of a fraud settlement with U.S. securities regulators. The electric car and solar panel company’s board on...
View ArticleMorgan Stanley to Pay Under $300M to Settle Trading Probe
Morgan Stanley is close to an agreement to pay $200 million to $300 million to resolve a yearslong US investigation into its employees’ handling of stock sales big enough to move markets, a probe that...
View ArticleNYCB Hit With First Investor Lawsuit Over Share Price Collapse
New York Community Bancorp is facing the first of what are likely to be several securities fraud lawsuits alleging the bank and its top executives misled shareholders about the health of its commercial...
View ArticleElon Musk Sues OpenAI and Altman for Breaching Firm’s Founding Mission
Elon Musk sued OpenAI and its Chief Executive Officer Sam Altman, alleging they violated the artificial intelligence startup’s founding mission by putting profit ahead of benefiting humanity. The...
View ArticleLyft Earnings Report Error Prompts Shareholder Lawsuit
Lyft has been sued by shareholders for securities fraud after a mistake in a recent earnings release about a key profit metric sent the ride-sharing company’s stock price on a wild ride up, and then...
View ArticleGenesis’s $21 Million Settlement With SEC Green Lit by Judge
A federal judge signed off on bankrupt crypto firm Genesis Global Capital’s settlement with the Securities and Exchange Commission over allegations a digital-asset lending program it helped run...
View ArticleSEC Charges 2 Investment Firms, Doles Out $400,000 in Fines, for ‘AI Washing’
The U.S. Securities and Exchange Commission this week said it settled charges against two investment advisers related to “AI washing.” The firms, Delphia Inc. and Global Predictions Inc, will pay a...
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