Posts filtered by tags: Securities And Exchange Commission[x]


Elon Musk mocks SEC again amid surge in Tesla stock

Tesla CEO Elon Musk mocked short sellers and the Securities and Exchange Commission in a series of tweets Thursday following a surge in the automaker's stock. 
Tags: Elon Musk, Finance, Tesla, Article, SEC, Securities And Exchange Commission, FBN, Fbn/markets, FOXBusiness, Fox-business/markets, Fox-business/industries/auto, Fox-business/technology/social-media, Fox-business/politics/sec, Fox-business/technology/tesla, Fox-business/business-leaders/elon-musk, Fox-business/technology/spacex

Palantir has raised more than $500 million in fresh funding as the secretive and controversial startup works toward a possible IPO

Palantir said it sold more than $500 million in stock to private investors and hopes to sell about $400 million more.  The company was said to be preparing for a September IPO, and it's unclear how the new funding affects those plans.  As a data-analytics company cofounded by a Trump confidant that works with US immigration agencies, the startup has also found itself in controversy.  Visit Business Insider's homepage for more stories. Palantir, the secretive data-analytics company cofounded b...
Tags: US, Trends, Bloomberg, Peter Thiel, Silicon Valley, Palantir, Securities And Exchange Commission, Trump, Valley, Joe Lonsdale, Customs Enforcement, Slack Palantir

Relists Return

John Elwood reviews Monday’s relists. After a couple of weeks with no new relists, the Supreme Court is back this week with a vengeance. The court has scheduled an impromptu conference for Wednesday, July 1. In most years, an impromptu conference scheduled for the last week of June would be the mop-up conference for the entire term in which all outstanding business for the term is resolved. But the court still has enough outstanding opinions in argued cases that things may continue for a while y...
Tags: Florida, Texas, Featured, Supreme Court, Law, Congress, Colorado, Kentucky, Germany, Virginia, Hungary, United States, Williams, Tennessee, Sharp, Atkins

Opinion analysis: Court strikes down restrictions on removal of CFPB director but leaves bureau in place

In response to the 2008 financial crisis, Congress created the Consumer Financial Protection Bureau, a federal agency with approximately 1,500 employees that tackles everything from payday loans to financial literacy programs and helping consumers navigate the COVID-19 pandemic. The director of the CFPB, Kathy Kraninger, was appointed by President Donald Trump and confirmed by the Senate in December 2018 to serve a five-year term. Under the law that created the CFPB, Kraninger can be removed fro...
Tags: Featured, Supreme Court, Law, Congress, California, Senate, United States, Social Security Administration, Donald Trump, Paul Clement, Federal Trade Commission, Securities And Exchange Commission, Thomas, Sonia Sotomayor, John Roberts, 9th Circuit

Former high-flying VC Michael Rothenberg now faces criminal charges alleging 'multiple schemes to defraud his victims'

Former high-flying San Francisco venture capitalist Michael Rothenberg is, for the first time, facing criminal charges over allegations that he defrauded investors in his venture fund. The US Attorney's office in Northern California announced the charges on Friday, after investigations by the FBI and the IRS criminal Investigations unit. A whistleblower came forward about Michael Rothenberg's business dealings back in 2016. In a settlement with the SEC, he was barred from the investment busine...
Tags: US, San Francisco, Trends, Fbi, SEC, Silicon Valley, Irs, Securities And Exchange Commission, Northern California, Northern District of California, Rothenberg, Michael Rothenberg, Olanoff, Drew Olanoff Olaniff

Former high-flying VC Michael Rothenberg now faces criminal charges alleging 'multiple schemes to defraud' his investors

The former high-flying San Francisco venture capitalist Michael Rothenberg is, for the first time, facing criminal charges over allegations that he defrauded investors in his venture fund. The US attorney's office in Northern California announced the charges on Friday after investigations by the FBI and the IRS criminal-investigations unit. A whistleblower came forward about Rothenberg's business dealings in 2016. In a settlement with the Securities and Exchange Commission, he was barred from ...
Tags: US, San Francisco, Trends, Fbi, SEC, Silicon Valley, Irs, Drew Olanoff, Securities And Exchange Commission, Northern California, Rothenberg, Michael Rothenberg, Olanoff, Office for the Northern District of California

Monday round-up

Amy Howe reports for this blog that on Friday the court denied a request that it revive a lower court ruling allowing any Texas voter to vote by absentee ballot without an excuse for the 2020 election cycle; her post originally appeared at Howe on the Court. For , Adam Liptak reports that “[t]he Texas Democratic Party and several voters had urged the court to reinstate a federal trial judge’s injunction requiring state officials to allow all voters, and not just those who are 65 or older, to su...
Tags: Texas, Supreme Court, Law, Bloomberg, Harvard, Atlantic, United States, SEC, Fox News, Usa Today, Department Of Homeland Security, Securities And Exchange Commission, Trump, Round-up, Chapel Hill, University Of North Carolina

United States: Supreme Court Limits SEC's Authority To Disgorge Ill-Gotten Gains In Civil Suits - Sheppard Mullin Richter & Hampton

On Monday, the Supreme Court placed significant limits on the Securities and Exchange Commission's ("SEC") ability to seek disgorgement, ...
Tags: News, Supreme Court, United States, SEC, Securities And Exchange Commission, Hampton, Mullin Richter, Supreme Court Limits SEC

Jay Clayton, Would-Be Prosecutor, Says He’s Focused on His Current Job

Mr. Clayton, the chairman of the Securities and Exchange Commission, answered questions from House Democrats about his unusual nomination to be the top federal prosecutor in Manhattan.
Tags: News, House, Justice Department, Securities And Exchange Commission, Trump, Berman, Clayton, Barr, Appointments and Executive Changes, United States Politics and Government, Donald J, United States Attorneys, Jay Clayton, Walter J, Geoffrey S, William P

Trump Pick To Replace Berman Won’t Vow To Recuse From POTUS-Linked Probes

President Trump’s nominee to replace U.S. Attorney Geoffrey Berman after his messy firing wouldn’t commit to recusing himself from pending investigations involving Trump’s interests and associates upon his potential confirmation. During a House Financial Services subcommittee hearing on Thursday, Securities and Exchange Commission Chairman Jay Clayton dodged when pressed by Democrats regarding the President’s selection for him to take over the U.S. Attorney’s Office for the Southern District o...
Tags: New York, News, White House, New York City, New Jersey, Manhattan, SEC, Securities And Exchange Commission, Trump, Berman, Clayton, Barr, House Financial Services, Kayleigh McEnany, McEnany, Carolyn Maloney D NY

Tuesday round-up

Yesterday the court issued one decision, in Liu v. Securities and Exchange Commission, holding 8-1 that the SEC can seek disgorgement of profits as a remedy in court for violating the securities fraud laws if the amount does not exceed the wrongdoer’s net profit and is awarded for the victims. Ronald Mann analyzes the opinion for this blog. Adam Liptak reports for The New York Times that the ruling “preserv[es] a tool that has allowed [the SEC] to recover billions of dollars[, b]ut the justices ...
Tags: Supreme Court, Law, Bloomberg, Chicago, New York Times, SEC, Department Of Homeland Security, University Of California, Federal Trade Commission, Securities And Exchange Commission, Round-up, Sonia Sotomayor, U S Supreme Court, Stephens, EEOC, Liu

Supreme Court Limits S.E.C.’s Power to Recoup Ill-Gotten Gains

But the justices rejected a request that they rule the agency can never sue for disgorgement of profits obtained by fraud.
Tags: News, Securities And Exchange Commission, Thomas, Clarence, Sonia, Sotomayor, Foreign Investments, Securities and Commodities Violations, Supreme Court (US, Supreme Court Limits S E C

NYSE seeks SEC approval for more direct listings

The New York Stock Exchange filed an amendment today with the Securities and Exchange Commission to allow for more direct listings. Direct listings offer a more streamlined method for companies to go public and raise capital than traditional IPOs — which entail a lengthy roadshow process and involvement of underwriters to determine valuations and share-prices. Traditionally, direct listings to raise capital have been available to companies only for follow on raises, after they’d completed the co...
Tags: TC, Spotify, New York, Finance, Tech, Economy, SEC, Silicon Valley, Airbnb, New York Stock Exchange, Stock Market, Stock, Slack, Initial Public Offering, Securities And Exchange Commission, Bill Gurley

Court narrows SEC power to recoup illegal gains in case tied to Laguna Niguel couple

By Greg Stohr, Bloomberg The U.S. Supreme Court limited the power of the Securities and Exchange Commission to recoup illegal profits from wrongdoers, putting new curbs on one of the agency’s most potent legal weapons. The 8-1 ruling Monday preserved the SEC’s power to win “disgorgement” in federal court so long as the money is used to reimburse defrauded investors and doesn’t exceed the wrongdoer’s net profits. But the court also suggested that federal law bars awards from going further, blunti...
Tags: Business, New York, Supreme Court, Congress, Sport, Soccer, Treasury, SEC, Donald Trump, Securities And Exchange Commission, Sonia Sotomayor, Liu, Greg Stohr, Wang, Sotomayor, Clarence Thomas

Opinion analysis: Justices accept, but cabin, SEC’s right to disgorgement in securities litigation

The decision this morning in Liu v. Securities and Exchange Commission struck a middle ground, rejecting the broad argument that the SEC could never obtain disgorgement of profits from unlawful activity in securities litigation, but sharply cutting back the remedy as the SEC has envisioned it in recent years. As securities cases go, the issue in the case was simple, involving the scope of relief in SEC enforcement actions brought in federal court, as opposed to agency administrative proceedings....
Tags: Featured, Supreme Court, Law, Treasury, SEC, Securities And Exchange Commission, Sonia Sotomayor, Liu, Sotomayor, Clarence Thomas, Merits Cases, Charles Liu, Xin Wang

Live blog of orders and opinions (Update: Completed)

We live-blogged on Monday, June 22, as the court released orders from the June 18 conference and an opinion in Liu v. Securities and Exchange Commission. SCOTUSblog is sponsored by Casetext: making litigation more efficient with A.I. and machine learning technology.  The post Live blog of orders and opinions (Update: Completed) appeared first on SCOTUSblog.
Tags: Law, Live, Casetext, Securities And Exchange Commission, Liu

Under Trump, 'You're fired!' even greets federal prosecutors

NEW YORK — Former Manhattan U.S. Attorney Preet Bharara had a snickering response to news that his successor as top federal prosecutor was “stepping down” from the job.“Doesn't sound like ‘stepping down,’” Bharara tweeted soon after the announcement was made Friday night that Geoffrey S. Berman was out.He would know.The Southern District of New York, an office older than the Justice Department itself, has long prided itself on the talent of its prosecutors, the import of its cases and an in...
Tags: Politics, New York, News, Congress, California, Washington, Martha Stewart, Time, US, Fbi, United States, Showtime, Manhattan, Giuliani, Donald Trump, Justice Department

Trump AG Barr will escape impeachment thanks to 'corrupt' Republicans – Nadler

* Attorney General fires New York attorney after bizarre standoff * Judiciary chair says he will cut $50m from ‘personal budget’ * Opinion: SDNY disaster suggests Barr is not so smart after allAttorney general William Barr “certainly deserves” to be impeached and removed but will escape that fate because Republicans who control the Senate are “corrupt against the interests of the country”, the chairman of the House judiciary committee said on Sunday.Jerrold Nadler, a Democrat, told CNN’s State...
Tags: New York, News, Nbc, Abc, Senate, Massachusetts, Elizabeth Warren, US, Ukraine, Cnn, United States, Maine, House, New Jersey, Mitt Romney, Deutsche Bank

Berman Refuses To Step Down After Barr Moves To Oust Him, ‘Investigations Will Move Forward’

U.S. Attorney for the Southern District of New York Geoff Berman refused to step down on Friday night after Attorney General Bill Barr issued a press release announcing that he had resigned. “Our investigations will move forward without delay or interruption,” Berman said in the press release, where he denied Barr’s statement. — US Attorney SDNY (@SDNYnews) June 20, 2020 Barr had issued a statement claiming that Berman had resigned on Friday night. But Berman, ...
Tags: News, Obama, Senate, White House, US, Joe Biden, Ukraine, Cnn, Gop, New Jersey, Manhattan, SEC, Department Of Justice, Biden, Giuliani, Doj

Barr Tries To Sack U.S. Attorney Probing Trump’s Pals. But Geoffrey Berman Says He’s Not Leaving.

Attorney General William Barr announced late Friday evening that he had nominated a Trump appointee to replace the Manhattan U.S. Attorney who had investigated and convicted some of President Donald Trump’s closest associates. It was a shocking announcement even to the prosecutor he intended to replace, Geoffrey Berman.“I learned in a press release from the Attorney General tonight that I was ‘stepping down’ as United States Attorney,” Berman said in a statement. “I have not resigned, and have n...
Tags: Amazon, New York, News, Obama, Congress, Washington, Senate, White House, US, America, Turkey, Iran, Hillary Clinton, United States, United Kingdom, New Jersey

US attorney who oversaw cases of Trump allies steps down

By MICHAEL BALSAMO and COLLEEN LONG WASHINGTON — The U.S. attorney who oversaw key prosecutions of allies of President Donald Trump and an investigation into Trump’s personal lawyer Rudy Giuliani is resigning from his post, officials said Friday. Geoffrey Berman is stepping down as the U.S. attorney for the Southern District of New York, Attorney General William Barr said in a statement. Barr said Trump intends to nominate Jay Clayton, the chairman of the Securities and Exchange Commission, to t...
Tags: Politics, New York, News, Congress, Washington, New York City, Uncategorized, US, Barack Obama, Nike, Sport, Fbi, Soccer, New Jersey, Manhattan, Associated Press

Hertz Stalls Stock Sale Amid Market Madness

The Securities and Exchange Commission has urged the recently bankrupted Hertz to halt the sale of stock. The rental agency had hoped to raise half a billion on the sale but repeatedly warned that would-be buyers were gambling, as the stock may soon be worthless. Bizarrely, this hasn’t discouraged investors from glomming onto shares of bankrupt […] The post Hertz Stalls Stock Sale Amid Market Madness appeared first on The Truth About Cars.
Tags: Bankruptcy, Autos, SEC, Hertz, Stock, Securities And Exchange Commission, Chapter 11, News Blog

Appeals court sides with exchanges in U.S. SEC fee row

A U.S. appeals court ruled on Tuesday that the Securities and Exchange Commission cannot force stock exchanges to conduct a costly experiment to see how the fees they charge and the incentives they offer affect brokers' trading habits.
Tags: Money, businessNews, SEC, Securities And Exchange Commission

For $30, you can get a coloring book based on Elon Musk's tweets (TSLA)

An artist and Elon Musk fan has created an adult coloring book based on the Tesla CEO's tweets.  Called "The Illuminated Tweets of Elon Musk," the coloring book is being offered via Kickstarter — anyone who pledges $30 to the campaign will receive one of the books.  Illustrator Salina Gomez, who created the designs, told Business Insider that the book is filled with designs that "focus on the things that would inspire people to dream bigger." Musk is known for being outspoken on Twitter, which...
Tags: Spacex, Elon Musk, Colorado, Trends, Tesla, Securities And Exchange Commission, Musk, Falcon Heavy, Gomez, Musk s Boring Company, Tesla Roadster Musk, Illustrator Salina Gomez, Salina Gomez

Republicans are hypocrites. They happily 'de-funded' the police we actually need

Conservatives claim to love law enforcement - but they cut cops who protect us from powerful and dangerous criminals After two weeks of police violence and protests, Republican politicians have been pretending to have a fainting spell over the phrase “defund the police.”“There won’t be defunding,” said a pearl-clutching Donald Trump, as Senate majority leader Mitch McConnell and House minority leader Kevin McCarthy similarly faked outrage over protesters pushing public officials to reevaluate th...
Tags: News, Senate, US, House, New York Times, Mitch McConnell, Epa, Donald Trump, Environmental Protection Agency, George W Bush, Bernie Sanders, Securities And Exchange Commission, Trump, Bloomberg News, Equal Employment Opportunity Commission, Internal Revenue Service

Here's why $12.4 billion cloud startup Snowflake's reported IPO plans could make it 'the blockbuster enterprise listing for 2020'

Snowflake has reportedly filed confidential paperwork for an IPO and is aiming for a $20 billion valuation, according to the Financial Times. Snowflake has declined to comment. The cloud data warehousing company is one of the hottest startups in tech. "It's going to be the blockbuster enterprise listing for 2020," Constellation Research analyst Ray Wang told Business Insider. Here are 5 reasons Snowflake has drawn much attention in the tech world — from its  Click here for more BI Prime storie...
Tags: Google, Amazon, Microsoft, Ebay, Ipo, Berlin, US, Trends, Nike, Bill Gates, Larry Ellison, Gartner, Steve Ballmer, Ibm, Silicon Valley, Snowflake

United States: SEC Adopts Disclosure Relief For Business Acquisitions And Disposition - WilmerHale

The Securities and Exchange Commission has adopted amendments to the disclosure requirements for business acquisitions and dispositions by a 3-to-1 vote (Commissioner Allison Herren Lee dissenting).
Tags: News, United States, SEC, Securities And Exchange Commission, Allison Herren Lee

Experts rank Tesla, Waymo and 16 other power players in the world on self-driving cars

Waymo topped Guidehouse Insight's 2020 ranking of companies that are working on autonomous-driving technology and mobility services. The Alphabet subsidiary was followed by Ford Autonomous Vehicles, General Motors-owned Cruise, and Baidu. Companies were ranked according to a number of criteria related to their strategy and execution, including vision, partners, technology, and product capability. Do you work in the autonomous-vehicle industry? Do you have an opinion on how your company or the ...
Tags: Google, Amazon, Florida, Russia, Singapore, Israel, San Francisco, Trends, Tesla, Intel, Ces, Beijing, Cruise, Vw, Ford, Gm

Nevada Congresswoman Pushed for COVID Loans for Casinos. Her Husband Got Two.

This past April, a freshman Nevada congresswoman lobbied the federal government to expand coronavirus aid to her state’s gaming industry. Two weeks after the change went into effect, her husband’s casino company received millions of dollars in government-backed loans.In a letter to the heads of the Treasury Department and Small Business Administration, Democrat Rep. Susie Lee urged the agencies tasked with administering the Paycheck Protection Program to reconsider regulatory language that exclu...
Tags: News, Congress, Colorado, Senate, US, Indiana, House, Treasury, SEC, Nevada, PPP, The Daily Beast, Securities And Exchange Commission, Full House, Lee, Treasury Department