Search Results for: Securities AND Exchange Commission (SEC)

Congressional watchdog US Government Accountability Office (GAO) concluded on Monday that no concrete evidence supports the effectiveness of the 2012 Securities and Exchange Commission’s (SEC) conflict minerals disclosure rule in reducing violence within the Democratic Republic of Congo (DRC). The investigation revealed that the SEC rule did not demonstrate a decrease in the frequency or [...]

The Court of Appeals (CA) Special 7th Division of Philippines on Friday decided that the revocation order issued by the Philippine Securities and Exchange Commission (SEC) against Filipino news website Rappler was illegal, ordering the SEC to restore the certificate of Incorporation of Rappler, Inc. and Rappler Holdings Corporation. The court declared the SEC’s previous [...]

“For by wise counsel, thou shalt make thy war.” Proverbs 24:6 Though one might think otherwise, there is no Palestinian state at present, nor has there ever been such a state in the past. Still, once the current Gaza War comes to an end – and whatever the tangible correlates of any war termination agreements [...]

Former President Donald Trump filed a notice of appeal Friday in the US Circuit Court of Appeals for the Second Circuit in the ongoing falsified documents criminal case surrounding payments to adult film star Stormy Daniels. Trump is appealing a federal district court ruling keeping the criminal case in New York State Court instead of [...]

An Ohio federal court sentenced former Ohio Republican Speaker of the House Larry Householder on Thursday to 20 years in prison for leading a complex racketeering and bribery scheme. Householder allegedly accepted over $60 million in bribes through the scheme by working to pass a nuclear plant bailout. Matt Borges, former Ohio Republican Party Chair, [...]

Federal prosecutors with the Securities and Exchange Commission (SEC) arrested three of former President Donald Trump’s business associates based on insider trading charges. Bruce Garelick, Michael Shvartsman and Gerald Shvartsman are accused of profiting off of nonpublic information ahead of a publicly traded company’s acquisition of Trump’s media business. According to the SEC’s complaint, Garelick [...]

The US Supreme Court Friday issued a 9-0 opinion in Axon Enterprise, Inc. v. Federal Trade Commission, holding that separate legal challenges to the structure of the Security and Exchange Commission (SEC) and the Federal Trade Commission (FTC) may proceed in federal court. The opinion, written by Justice Elena Kagan, stipulates that district courts retain federal question [...]

The Securities and Exchange Commission Tuesday announced charges against the Church of Jesus Christ of Latter-day Saints and its investment management company for failing to file necessary forms and providing inaccurate information. The SEC first raised concerns about the church’s reporting practices in 2019. The SEC specifically claimed that the church’s investment manager, Ensign Peak [...]

Crypto firm Paxos Trust Company LLC Monday announced the New York Department of Financial Service (NYDFS) ordered them, effective February 21, to cease issuing new BUSD tokens with fellow crypto firm Binance. However, Paxos “will continue to manage BUSD dollar reserves.”  Paxos claimed that, throughout the company’s existence, it “has always prioritized the safety of [...]

The US Securities and Exchange Commission (SEC) Monday settled with Bloomberg Finance L.P. over claims that the company made misleading disclosures relating to its paid subscription service BVAL, which provides daily pricing for over 2.5 million securities to more than 1,300 financial institution customers. Bloomberg agreed to pay the SEC a $5 million penalty and cease [...]