U.S. Securities and Exchange Commission
SEC Approves New Stock Exchange for Startups
The Long-Term Stock Exchange aims to provide "a new way of being public" that puts long-term value creation ahead of quarterly results.
SEC Approves Audit Exemption for Smaller Firms
Requiring smaller companies to have their internal controls audited "may not be an efficient way of benefiting and protecting investors."
Kraft Heinz to Restate Results for Nearly 3 Years
The company says employee misconduct resulted in the cost of products sold being understated by $181 million.
Apple Supplier Accused of Lying About Contract
The ex-CEO of GT Advanced Technologies allegedly misled investors about the company's performance of an agreement to supply sapphire glass for iPhones.
SEC Freezes Assets in Anadarko Trading Probe
Unknown traders allegedly stand to make $2.5 million in illicit profits from options trading ahead of Chevron's takeover bid for Anadarko Petroleum.
Ex-Trucking Firm CFO Charged in $245M Fraud
Peter Armbruster allegedly used deceptive accounting maneuvers so Roadrunner Transportation could meet analysts' estimates.
Fresenius Medical Fined $231M in Bribery Probe
The German medical device company allegedly paid $31 million in bribes to doctors and public health officials in at least 17 countries.
Merrill Lynch Fined $8M Over ADR Trades
"An entity like Merrill may not avoid liability by using another broker to obtain fraudulently issued ADRs on its behalf," the SEC says.
SEC Charges VW With $13B ‘Dieselgate’ Fraud
The suit says VW failed to disclose to U.S. investors that its "clean diesel" cars were exceeding vehicle emissions limits.
Lumber Liquidators Settles Fraud Case for $33M
The nation's largest hardwood retailer allegedly made false statements to investors about the safety of laminate flooring it sold in the U.S.
Kraft Heinz Discloses SEC Probe, Shares Tank
The company's Q4 report contained other bad news, including a $15.4 billion goodwill impairment charge and an earnings miss.