SEC Financial News

Bill Hwang is pushing to bring up the probe of Morgan Stanley block-trading leaks in an attempt to bolster his defense. 

The future of the investment and financial advisory services is going to include artificial intelligence, of that we can be certain. But how is the use of AI going to shape the regulatory landscape?

Federal officials say a former technology executive has pleaded guilty to fraud involving a scheme to artificially boost the share price of photo and video distributor Getty Images

President Joe Biden has vetoed a resolution aimed at overturning the U.S. Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) No. 121.

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US Securities and Exchange Commissioner Hester Peirce is pushing for a collaborative digital securities sandbox between the US and the Bank of England. This initiative would allow businesses to test innovative financial tools in a controlled environment.

Ripple filed a new motion in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). In the latest filing on May 29, Ripple dismissed claims that it suppresses the XRP price through over-the-counter (OTC) token sales.

Uncertainty looms over the Uniswap (UNI) price chart due to the crypto’s recent battle with regulatory bodies, and mediocre price performances taint Kaspa (KAS) value, causing investors to look for greener pastures. Amid these developments, BlockDAG (BDAG) is making unforgettable appearances in major global hotspots such as Tokyo, Las Vegas, and London, triggering an 850% price surge.

According to documents filed with the U.S. Securities and Exchange Commission (SEC) on May 24, Hashdex has officially withdrawn its application for the Hashdex Nasdaq Ethereum ETF.

The SEC has announced penalties and sanctions against former investment adviser Mass Ave Global Inc. and its co-founder and CEO, Winston M. Feng, who is charged with making false and misleading statements to investors in the firm’s flagship opportunity fund.

The money brings Ripple's total contribution to Fairshake to $50 million, nearly half the super PAC's entire money on hand.Explaining its decision, Ripple says the SEC's approach to regulating crypto has failed and that the 2024 elections will be the "most consequential in crypto's history"."We must elect leaders who understand this potential and support policies that protect consumers and markets in ways that are fair and innovation-forward," says the firm.Fairshake recently spent $10 million helping to kill off a Senate run from Democrat Congresswoman Katie Porter.The industry secured another win last week when the House of Representatives passed the Financial Innovation and Technology for the 21st Century Act despite opposition from the Biden Administration and SEC chair Gary Gensler.The bill establishes a regulatory framework for digital assets, covering areas such as consumer protections, the use of crypto in illicit finance, but still faces an uncertain future in the Senate.

The US District Court for the District of Utah on Tuesday threw out the SEC’s case against DEBT Box and imposed fines exceeding $1.8m on the regulatory body for its bad faith actions.

Merrill Lynch is the latest broker-dealer to report a snafu in handling client private data, with the Maine Attorney General’s office last week disclosing that Merrill, as the record keeper for Walmart’s 401(k) plan, revealed private client information to an “unauthorized recipient” having nothing to do with the plan.

The US stock market is finally as fast as it was about a hundred years ago.

Years of work on Wall Street to pick up the pace of trading will be put to the test this week. If all goes well, most people won't notice the difference.

Hindalco Industries.The aluminum producer filed its draft papers with the US Securities and Exchange Commission (SEC) where it said that its parent company is targeting to raise up to $945 million by offering 45 million shares at a price range of $18 and $21 each. Hence, the IPO price band is estimated to be between $18 and $21, Novelis said in its filing with the US SEC.Billionaire Kumar Mangalam Birla-ownedHindalco is one of India's biggest aluminium manufacturing company and the world's largest flat-rolled products player and recycler of aluminium.

The Big Ten held a narrow edge over the Southeastern Conference in revenue for the second straight year and the Atlantic Coast Conference again ranked a distant third among the major conferences

As the deadline for President Biden’s decision on the SEC’s cryptocurrency regulations approaches, Bitcoin’s market response remains cautious. Currently trading at $68,400, the cryptocurrency has experienced a slight decline of 0.50%.

The SOL/USD pair maintains a bullish trend, reaching near $170 and hitting an intraday high of $170.26, suggesting a bullish Solana price prediction. Standard Chartered’s interest in SEC approval for more crypto ETFs, including Solana, is fueling speculation and optimism.

The recent approval of Ethereum exchange-traded funds (ETFs) has opened the doors for more crypto investment products, according to research from TD Cowen’s Washington Research Group.

Akola has been the hottest city in Maharashtra over the last two days when it recorded the maximum temperature of more than 45 degrees Celsius, as per the India Meteorological Department (IMD) data. In view of the heatwave conditions likely in Akola, Collector Ajit Kumbhar on Saturday imposed Section 144 of the Criminal Procedure Code (CrPC) till May 31, prohibiting public gathering. The collector in an order asked establishments to made adequate arrangements of drinking water and fans for workers and to change the timings of private coaching classes, saying they should not be held during the afternoon. Akola city, located in Maharashtra's Vidarbha region, recorded the maximum temperature of 45.8 degrees Celsius on Friday and 45.6 degrees Celsius on Saturday, the season's highest temperature in the city this month, according to the IMD data.