SEC Financial News

The U.S. Securities and Exchange Commission (SEC) said Tuesday that it has created a cryptocurrency task force to develop a regulatory framework for digital assets.

Bitcoin-associated stocks jumped Friday after the cryptocurrency’s price climbed above $104,000.

Bitcoin climbed back above $100,000 on Wednesday, rising on fresh inflation data that lifted stocks and regulatory news seen as bullish for cryptocurrency.

U.S. Securities and Exchange Commission for having failed to timely disclose purchasing more than 5% of Twitter's common stock in March 2022. In a complaint filed in Washington, D.C., federal court, the SEC said the delay allowed Musk to continue buying Twitter shares at artificially low prices, allowing him to underpay by at least $150 million.

A federal appeals court says the U.S. Securities and Exchange Commission needs to better explain why it turned down a request from Coinbase to develop regulations to cover the booming crypto asset sector

Domestic benchmark index NSE Nifty ended 90.1 points at 23176.05, while the BSE Sensex closed 169.62 points up at 76499.63.

A regulator in the United States has charged a unit of the Bank of Montreal (BMO) more than US$40 million for selling mortgage-backed bonds that it says offered misleading metrics and did not accurately describe the characteristics of the collateral backing the bonds.

On the BSE, Sangam Renewables(down 20.00 per cent), Sayaji Hotels(down 16.05 per cent), Welspun Investments (down 15.12 per cent), Empire Ind(down 14.45 per cent) and Spectrum Foods(down 13.82 per cent) stood among the top losers in today's trade.

Domestic benchmark index NSE Nifty ended 345.55 points at 23085.95, while the BSE Sensex closed 1048.9 points down at 76330.01.

stocks rallied as much as 15% in Mumbai trading on Monday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Sri Chakra Cement(20.00%), Palash Securities(17.18%), Centenial Surg(16.23%) and AVI Products India (15.81%).

Elon Musk pay a settlement or face civil charges relating to alleged securities violations during his $44 billion takeover of Twitter in 2022.

Stocks that rallied over 10% included, 3i Infotech(14.82%), Hindprakash Ind(14.60%), Confidence Futuristic Energetech(13.75%), Megastar Foods(13.00%), Vishal Fabrics(12.30%), Duncan Engineering (12.19%), Strides Shasun (11.13%), Aravali Sec Fin(10.00%) and MIRC Electronic(10.00%).

On the BSE, Sundaram Clayton(down 9.64 per cent), IB Infotech Enterprises(down 9.13 per cent), Sharad Fibres(down 8.79 per cent), Scanpoint Geo(down 8.75 per cent) and Transgene Biotek(down 8.49 per cent) were among the stocks that plunged over 5 per cent during the session.

Indian Oil Corporation (IOC) has begun a probe into allegations of a US speciality chemicals firm bribing its officials 15 years back to obtain contracts to supply catalysts, according to a company's regulatory filing. Albemarle Corporation, a global speciality chemicals supplier that develops and sells catalysts used in the operation of oil refineries, allegedly «paid approximately USD 1.14 million in commission to India intermediary company relating to Indian Oil Corporation business and obtained approximately USD 11.14 million in profits on that business between approximately 2009 and 2011,» according to a US SEC order dated September 28, 2023. Albemarle was caught for bribery by the US authorities in 2017 and then settled the case in September 2023 by paying a hefty fine of more than USD 198 million to avoid prosecution. In a filing, IOC said it is «neither party to nor is there any allegation against the company in relation to the proceedings» in the US SEC.

These high-performing stocks that rallied more than 10% during the session included, Sambhaav Media(13.05%), Jyoti CNC Automation(12.05%), Amal Ltd(11.71%), Enbee Trade Fin(11.63%), Duropack Ltd(11.49%), LGB Forge(10.89%), RGF Capital Markets(10.84%), EMS(10.57%), Gala Precision Engin(10.48%) and Mangalam Global Ent(10.19%).

On the BSE, Angel Fibers(down 18.57 per cent), Superior Finlease(down 15.84 per cent), SAB Industries(down 9.99 per cent), Gconnect Logitech(down 9.99 per cent) and Shubham Polyspin(down 9.85 per cent) were among the stocks that plunged over 5 per cent during the session.

Alfavision Over(up 20.00%), Tips Films(up 19.99%), Donear Ind(up 19.97%), Essar Sec(up 19.95%), Acknit Ind(up 18.22%), Fairchem Organics(up 17.61%), Ind Renewable Energy(up 16.98%), Yasho Industries(up 16.71%), PPAP Automotive (up 15.18%) and Medinova Diagnostic(up 15.11%) were among the stocks that surged over 15%.

Elon Musk until Monday to respond to an offer to resolve a probe into the billionaire's $44-billion takeover of Twitter in 2022, a source familiar with the matter told Reuters. The development, which signals the investigation may be nearing a conclusion, is the latest salvo in a year-long public feud between the top U.S. markets regulator and the world's richest man. Musk on Thursday posted on X a copy of a letter sent by his lawyer to SEC Chair Gary Gensler saying the agency had given Musk 48 hours to agree to pay a penalty to settle the probe or face civil charges, and demanding to know whether Gensler was personally behind the development.

Elon Musk until Monday to respond to an offer to resolve a probe into the billionaire's $44-billion takeover of Twitter in 2022, Reuters reported quoting a source. The development, which signals the investigation may be nearing a conclusion, is the latest salvo in a year-long public feud between the top U.S. markets regulator and the world's richest man, as per a Reuters report. Musk on Thursday posted on X a copy of a letter sent by his lawyer to SEC Chair Gary Gensler saying the agency had given Musk 48 hours to agree to pay a penalty to settle the probe or face civil charges, and demanding to know whether Gensler was personally behind the development.

Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed — or failed to disclose — about his purchases of Twitter stock before he bought the social media platform in 2022

An appeals court in Louisiana has ruled that Nasdaq can’t require diversity on the boards of companies that list on the exchange