U.S. Securities and Exchange Commission
Biden to Name Gary Gensler as SEC Chairman
The appointment of the former CFTC chief "is expected to put an end to the four years of rule-easing" that Wall Street has enjoyed under Jay Clayton.
Deutsche Bank Fined $132M Over Bribery Schemes
U.S. authorities say the scandal-plagued bank made improper payments to politically-connected intermediaries to secure business overseas.
SEC Backs NYSE Plan for Non-Traditional IPOs
The commission voted to allow companies to raise new capital through a “direct” listing, giving them an alternative to paying hefty underwriting fees.
SEC Sues Ripple Over Sales of XRP Digital Assets
Ripple's CEO says the company will fight the suit, calling it "an attack on the entire crypto industry and American innovation."
Luckin Coffee Fined $180M in Accounting Fraud
The SEC says the Chinese retailer fabricated more than $300 million in coupon sales to present a false picture of rapid growth to investors.
Sequential Brands Accused of Accounting Fraud
The SEC says senior finance personnel improperly accounted for goodwill to create a false impression of the company's financial health.
GE Fined $200 Million for Accounting Irregularities
The company "materially misled investors about how it was generating reported earnings and cash growth as well as latent risks in its insurance business."
Cheesecake Factory Fined Over COVID Disclosures
In the first enforcement action of its kind, the SEC says the company falsely claimed its restaurants were "operating sustainably" during the pandemic.
Disbarred Attorney Charged With Microcap Fraud
Richard Rubin, who formerly worked for the SEC, allegedly collaborated with a Florida lawyer to issue phony opinion letters for microcap stock offerings.
SEC Proposes Equity Pay for Tech Firm Gig Workers
A proposed rule change would allow internet platform workers to "participate at a measured level in the growth of the companies that their efforts support."
CEO of Digital Ad Startup Charged With Fraud
Andrew Chapin falsely represented to investors that well-known brands including Nike and Patagonia were using his company Benja's services, the SEC says.