Archer-Daniels shares plummet as company puts its CFO on administrative leave LeapRate

January 23, 2024 BY Elizabeth Anderson

Archer-Daniels shares plummet as company puts its CFO on administrative leave

The organisation’s shares plummeted 24% after news hit the airwaves that CFO, Vikram Luthar, was placed on administrative leave as the firm investigates alleged accounting malpractices in its Nutrition division. Reportedly, after a US Securities and Exchange Commission (SEC) voluntary document request, ADM sliced its 2023 profit predictions and announced the delay of the publication…

February 18, 2019 BY Valentina Kirilova

SEC charges microcap stock financing scammers

The U.S. Securities and Exchange Commission (SEC) opened fraud charges against four individuals and businesses related to them for offering illegal securities and for their participation in two microcap frauds. According to the SEC, the fraudulent schemes generated about $25 million in illegal profits for the individuals and their businesses. The SEC charges allege that…

November 02, 2017 BY Valentina Kirilova

Petroleum engineer settles charges of insider trading ahead of oil discovery announcement

A petroleum engineer who worked at Texas-based energy company Apache Corporation has agreed to settle the U.S. Securities and Exchange Commission (SEC) charges that he conducted insider trading ahead of a market-moving announcement about the company’s discovery of a significant new oil source. The SEC alleges that Christopher J. Lollar traded on nonpublic information while…

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks

May 05, 2017 BY Valentina Kirilova

SEC staff supplements quarterly private funds statistics

The U.S. Securities and Exchange Commission (SEC) staff published a suite of new data and analyses of private fund statistics and trends. The Private Funds Statistics, released quarterly since October 2015 by the Division of Investment Management’s Risk and Examinations Office, offers investors and other market participants valuable insights by aggregating data reported by private…

January 19, 2017 BY Valentina Kirilova

SFC signs MoU with SEC to enhance supervision of Cross-Border Regulated Entities

The Securities and Futures Commission (SFC) has entered into a memorandum of understanding (MoU) with the U.S. Securities and Exchange Commission (SEC) providing for consultation, cooperation and exchange of information related to the supervision and oversight of regulated entities that operate on a cross-border basis in Hong Kong and the United States of America. The…

Tag: U.S. Securities and Exchange Commission