U.S. Securities and Exchange Commission
SEC Sues Morningstar Over CMBS Ratings
The firm allegedly made undisclosed changes to its ratings model that allowed issuers to shortchange investors on interest.
SEC Urges Heightened Disclosure During Volatility
Companies should address “the effects of a potential ‘short squeeze’ due to a sudden increase in demand for your stock.”
Clover Health Shares Rally After Short-Seller’s Report
Hindenburg Research faulted the insurer for not disclosing it was under investigation by the U.S. Department of Justice.
Former WageWorks CFO, CEO Settle Accounting Case
Ex-CEO Joseph Jackson and ex-CFO Colm Callan allegedly made false statements that resulted in the improper recognition of $3.6 million in revenue.
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."