Page 4 - The Sec News Today

The United States Securities and Exchange Commission (SEC) has taken legal action against five individuals promoting the defunct cryptocurrency exchange BitConnect.

The SEC has won the right for foreign assistance in the ongoing battle against Ripple. Earlier, the technology company was trying to block the government body from getting further regulatory information from overseas.

Tesla Inc Chief Executive Elon Musk has been sued by a shareholder who accused him of violating his 2018 settlement with the U.S. Securities and Exchange Commission over his Twitter use. According to a complaint unsealed late Thursday in Delaware Chancery Court, which also names the electric car company's board as defendants, Musk's "erratic" tweets and the failure of Tesla directors to ensure he complied with the SEC settlement have exposed shareholders to billions of dolla...

Mar. 11—If the Mississippi State men's basketball team is to make the NCAA Tournament, the Bulldogs must do what they haven't done since 2009: Beat Kentucky. Mississippi State faces Kentucky in the second round of the SEC men's tournament today at 11 a.m. in Nashville. The winner of the game will advance to play No. 1 seed Alabama on Friday while the loser's season is over. The Bulldogs ...

Ripple CEO Brad Garlinghouse tells "Axios on HBO" that if his company loses a lawsuit brought by the SEC, it would put the U.S. cryptocurrency industry at a competitive disadvantage.Why it matters: Garlinghouse's comments may seem self-serving, but his call for clearer crypto rules is consistent with longstanding entreaties from other industry players.Get market news worthy of your time with Axios Markets. Subscribe for free.History: The SEC in December sued Ripple, and Garlinghou...

Blockchain payments firm Ripple has not experienced any fallout in its Asia Pacific business after being sued by the U.S. Securities and Exchange Commission (SEC), the company's chief executive officer said on Friday. In late December, the SEC charged Ripple, which is associated with cryptocurrency XRP, with conducting a $1.3 billion unregistered securities offering. After that, the top U.S. cryptocurrency exchange Coinbase shut down trading in XRP, which is the world's seventh-large...

The U.S. Securities and Exchange Commission suspended trading in 15 companies on Friday, citing questionable trading and social media activity. What Happened: In a statement, the SEC said that the suspension is part of the agency's ongoing effort to prevent attempts to exploit investors amid market volatility spinning around the so-called meme stocks such as GameStop Corp (NYSE: GME). "Today's action follows the recent suspensions of the securities of numerous other issuers, many ...

The conference tournaments are beginning to take shape.

The acting chair of the U.S. Securities and Exchange Commission (SEC) on Wednesday said the market regulator will review public companies' climate risk disclosures and begin to modernize climate guidance that is now more than a decade old. The agency's staff will review the extent to which public companies address topics related to climate change matters and assess companies' compliance with their disclosure requirements, Acting Chair Allison Herren Lee said in a statement. The ...

(Bloomberg) -- On Jan. 28, the day after GameStop Corp. mania hit its crescendo on the back of a short squeeze for the record books, about $359 million worth of shares were caught in limbo.More than 1 million shares were deemed failed-to-deliver that day due either to buyers lacking cash to complete purchases or sellers not having the shares to settle trades, according to U.S. Securities and Exchange Commission data.The SEC report, which covers trading from Jan. 15 through the end of the month, ...