The SEC charged former McDonald’s Corp CEO Stephen Easterbrook on Monday with making false and misleading statements to investors about the circumstances of his termination in 2019.
Tag: SEC
SEC Cracking Down on Crypto Firms
The SEC is just getting started with its crackdown on crypto firms that refuse to abide by its rules.
FTX Founder Sam Bankman-Fried Led Yearslong Fraud at Company, SEC Says
FTX founder diverted customer funds from the start of his cryptocurrency exchange to support his hedge fund and to make venture investments, real estate purchases, and political donations, the SEC alleged in a lawsuit filed Tuesday.
SEC Levied More than $6B in Enforcement Actions in Fiscal 2022
The SEC imposed $6.4 billion in enforcement actions, including $4 billion in penalties, in fiscal 2022.
Supreme Court to Hear Cases that Could Make Challenges to FTC and SEC Easier
The United States Supreme Court will hear two cases that would make it easier to challenge the regulatory authority of the Federal Trade Commission and the Securities and Exchange Commission.
SEC Climate Rule Won’t Demand Extensive Reporting from Small Businesses
In response to concerns about compliance costs, Securities and Exchange Commission (SEC) Chairman Gary Gensler stated that a proposed climate disclosure rule would not require public companies to ask small private suppliers to report on their carbon footprints. Mr. Gensler said Thursday at a U.S. Senate oversight hearing that public companies reporting emissions linked to… Continue reading SEC Climate Rule Won’t Demand Extensive Reporting from Small Businesses
SEC Goes After Insurance Executive for Alleged Fraud
The SEC charged insurance magnate Greg Lindberg and a lieutenant with defrauding insurers out of more than $75 million through a series of undisclosed related-party transactions and advisory fees paid to a Malta entity. “We allege a massive fraudulent scheme involving unique financial structures and various complex investments,” said Osman Nawaz, chief of the Securities… Continue reading SEC Goes After Insurance Executive for Alleged Fraud
U.S. Insurers Lead Way on Climate-Related Disclosures, Triple-I Tells SEC
Creating a new layer of federal oversight would neither enhance nor standardize the climate-related disclosures U.S. insurers make to investors, the Insurance Information Institute (Triple-I) said in a letter sent to the U.S. Securities and Exchange Commission (SEC). Triple-I’s letter came in response to the SEC’s request for public comment on its proposed rulemaking, “The… Continue reading U.S. Insurers Lead Way on Climate-Related Disclosures, Triple-I Tells SEC
SEC Continues to Investigate Amazon Over Misuse of Seller’s Data
Amazon’s anti-competitive business practices are still being investigated by the Securities and Exchange Commission (SEC). According to a Wall Street Journal report published Wednesday, the investigation is centered on the use of data from third-party sellers. According to the Journal, the SEC has requested that several Amazon executives turn over emails and communications. The e-commerce… Continue reading SEC Continues to Investigate Amazon Over Misuse of Seller’s Data
SEC Probes Big Four Accounting Firms
According to people familiar with the matter, regulators are conducting a broad investigation into conflicts of interest at the nation’s largest accounting firms, asking whether consulting and other nonaudit services they sell undermine their ability to conduct independent reviews of public companies’ financials. The SEC investigation highlights the agency’s new emphasis on financial-market gatekeepers such… Continue reading SEC Probes Big Four Accounting Firms