SEC Financial News

Hindalco Industries, the company run by Indian billionaire Kumar Mangalam Birla, is considering seeking about $1.2 billion in Novelis, its US-based division's initial public offering (IPO), Bloomberg news reported. Novelis is the world's biggest manufacturer of flat-rolled aluminium products, which are used in many different goods, such as cars and pop cans. Bloomberg reported that Hindalco may aim for a $18 billion value for Atlanta-based Novelis, citing sources familiar with the matter.

ELSS funds which have delivered higher than 18 percent returns in the past 10 years. Let us first understand what ELSS mutual funds are? These refer to the mutual funds which have at least 80 percent investment in stocks in accordance with Equity Linked Saving Scheme (ELSS), 2005, notified by the Ministry of Finance. They have a lock-in period of three years (shortest amongst all other tax saving options) and are eligible for tax deduction up to ₹1.5 lakh under Sec 80C of the Income Tax Act.

Freshly published SEC filings have uncovered a massive Bitcoin whale holding nine-figure funds spread across multiple U.S. Bitcoin ETF products.

Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), defended the agency’s attention to the crypto industry in an interview on May 7, asserting that it’s not an undue focus but rather a response to the prevalence of scams and frauds within the sector. 

Robinhood Markets Inc. has received a notice from the Securities and Exchange Commission about alleged securities violations at its crypto division

Crypto trade association Digital Chamber has slammed the US Securities and Exchange Commission (SEC) for issuing a Wells Notice to Robinhood Crypto, calling it an “alarming development.”

The Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the Invesco Galaxy spot Ethereum exchange-traded fund (ETF).

Robinhood Markets said on Monday it received an enforcement action notice from the U.S. Securities and Exchange Commission (SEC) on May 4 over crypto tokens traded on its platform. The company said it received a so-called "Wells notice," which the SEC issues when it is planning to bring enforcement action against them. Such notices do not necessarily mean the company has engaged in wrongdoing.

In February, Robinhood disclosed that it had received subpoenas from the SEC related to its cryptocurrency listings, custody and platform operations.Now it has been sent a Wells notice, which are usually issued to warn companies that the SEC has enough information to take enforcement action.“After years of good faith attempts to work with the SEC for regulatory clarity including our well-known attempt to ‘come in and register,’ we are disappointed that the agency has decided to issue a Wells Notice related to our US crypto business,” says Dan Gallagher, chief legal, compliance and corporate affairs officer, Robinhood in a blog.Gallagher, a former SEC commissioner, adds: “We firmly believe that the assets listed on our platform are not securities and we look forward to engaging with the SEC to make clear just how weak any case against Robinhood Crypto would be on both the facts and the law.” The company adds that it has already made "difficult choices" to not list some tokens or provide products, such as lending and staking, that the SEC previously alleged are securities in public actions against other platforms.It has stopped support for Cardano, Polygon and Solana on June 27, which were named as securities in SEC lawsuits against Binance and Coinbase.

The US Securities and Exchange Commission warned Robinhood Markets Inc. that it faces an enforcement action over its crypto business — the latest sign that the regulator isn’t letting up on its years-long crackdown on digital assets.

The United States Securities and Exchange Commission (SEC) received a report from the Office of Inspector General (OIG) alleging that its cybersecurity program was lacking just two weeks before the commission’s X account was hacked on January 9, according to Fox Business reporter Eleanor Terrett.

Robinhood found itself in hot water with the United States Securities and Exchange Commission (SEC) this weekend after the digital asset trading platform reportedly received a Wells Notice from the federal agency as part of its crypto regulation crackdown.

May 2024 is a pivotal month for the crypto market, marked by two significant events that could have profound implications for the sector. Investors, traders, and market analysts eagerly anticipate the U.S. Securities and Exchange Commission’s (SEC) decision on an Ethereum (ETH) exchange-traded fund (ETF) and the trading debut of Retik Finance (RETIK). Here’s a detailed look at each event and what it could mean for the broader crypto market.

The Philippines’ securities regulator is set to unveil a regulatory framework for crypto assets and trading by the latter half of 2024.

Coinbase faces a new legal battle as customers filed a class-action lawsuit on Friday. The suit accuses two of the exchange’s subsidiaries — Coinbase Global and Coinbase Asset Management — of repeatedly breaking securities laws since Coinbase began operating.

Four-Year Integrated course: The candidate should have passed Class 12th or equivalent exam in the desired stream with at least 50% marks in aggregate. There will be relaxation for reserved category candidates in the minimum marks required to be admitted to the above-mentioned programs. Six-Year Integrated Course: Candidates must have passed +2 / Hr.

The Securities and Exchange Commission has charged the 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

Shares of Trump Media tumbled on Friday following news that the SEC charged the company’s auditing firm, BF Borgers CPA, for “massive fraud” and systemic non-compliance with critical auditing standards.

US Representatives Mike Flood and Wiley Nickel are pressing the U.S. Securities and Exchange Commission (SEC) to approve options trading on spot bitcoin exchange-traded products (ETPs), urging SEC Chair Gary Gensler to address the delay. 

Cetera, the broker-dealer and registered investment advisor giant, has unveiled an investment resource to help its affiliated advisors get an edge in a booming corner of the ETF space.

A former longtime broker in Texas who ran a small investment fund that owned units of stuck-in-limbo GPB Capital private placements received a federal court’s approval this week of a $435,000 settlement resolving charges he sold the fund despite not having a securities license at the time.