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US court slaps down stock buyback rule over SEC 'defects'

The U.S. Securities and Exchange Commission's bid to force companies to disclose more details about their share buyback plans was cut down by a federal appeals court on Tuesday after the agency failed to meet the court's deadline to fix what the judges had called "defects" in the requirement. The ruling is a win for the U.S. Chamber of Commerce, the top business lobbying group that had sued to block the rule adopted earlier this year by the SEC on a 3-2 vote. Judges for the...
United States Stephen Coates Dan Burns Ronald Reagan Jerry Smith Us Chamber
Source: yahoo.com

Judge threatens to force Musk testimony in SEC probe: Report

A federal judge warned Elon Musk that he will be forced to testify in a Securities and Exchange Commission (SEC) investigation if he does not voluntarily agree to answer questions from the agency about his 2022 purchase of the platform then known as Twitter. U.S. Magistrate Judge Laurel Beeler reportedly dismissed Musk’s argument that the…
San Francisco United States Elon Musk Laurel Beeler Exchange Commission Judge Laurel Beeler
Source: yahoo.com

US magistrate judge tentatively rules Musk must testify again for SEC

A U.S. Magistrate Judge in San Francisco on Thursday tentatively ruled that Elon Musk must testify again in the Securities and Exchange Commission's investigation of his $44 billion takeover of Twitter. In court on Thursday, Magistrate Judge Laurel Beeler said the SEC's authorities to compel testimony are broad and no judge is going to "second guess" the SEC's investigation.
San Francisco United States Chris Prentice Laurel Beeler Elon Musk Jody Godoy
Source: yahoo.com

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Could the mighty SEC possibly miss the College Football Playoff for the first time?

The Southeastern Conference is the only league to claim a spot — sometimes two spots — in every College Football Playoff. Crimson Tide coach Nick Saban said Thursday “it would be a disrespect to the SEC” to be left out of the playoff — no matter who wins the conference title.
United States Greg Sankey Fanduel Sportsbook Nick Saban Kirby Smart College Football Playoff
Source: yahoo.com

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