Stay updated with breaking news from Bus Sec. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
International Business News: Elon Musk strongly criticized the new regulations introduced by the US SEC, referring to them as a "gradual strangulation of civilization". The regula
The U.S. Securities and Exchange Commission (SEC) will not appeal a recent court ruling that found it was wrong to reject Grayscale Investments' application for a spot bitcoin exchange-traded fund (ETF). The court ruled that the SEC was wrong to reject the proposed ETF, paving the way for the agency to review the application.
The rules, first proposed in late 2021 and early 2022, will require investors to report their short positions to the agency, and companies that lend out shares to report that activity to the Financial Industry Regulatory Authority (FINRA), a self-regulatory body that polices brokers
The SEC proposal, first broached in 2022, angered some activist investors who claimed that having to step forward sooner could make it unprofitable to build the ownership positions they need for successful takeover campaigns.
Securities and Exchange Commission (SEC) said the companies, including Interactive Brokers Corp, Fifth Third Securities and Nuveen Securities, agreed to pay a total of $79 million and admitted they violated the record keeping rules