Tag: US Securities and Exchange Commission

March 07, 2024 BY Elizabeth Anderson

US SEC Adopts New Rules Regarding Climate-control Disclosures

According to this financial watchdog, investors want more information about the economic impacts of climate-related risks in a business to make informed investment choices. At present, climate-impact disclosures are not mandatory, and companies volunteer this information in their filings. Don’t miss out the latest news, subscribe to LeapRate’s newsletter These climate disclosures come into effect…

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March 05, 2024 BY Elizabeth Anderson

HG Vora agrees to pay $950,000 SEC penalty

Legally, companies owning more than a 5% stake in a publicly listed business must report this to the SEC and indicate whether they intend to control or influence the organisation. As of 31 December 2021, HG Vora has owned a 5.6% interest in Ryder, but it only reported this to the SEC in February 2022.…

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February 23, 2024 BY Elizabeth Anderson

Reddit strikes AI deal with Google

Reddit issued a statement on its website saying: With this partnership, and via our Data API, we’re ushering in new ways for Reddit content to be displayed across Google products by providing programmatic access to new, constantly evolving, and dynamic public posts, comments, etc., on Reddit. The social network forum also filed its intention to…

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February 14, 2024 BY Elizabeth Anderson

FinCEN proposes stricter rule for investment advisers

It said this more rigid rule bridges regulation gaps, which paves the way for criminal financial dealings. FinCEN indicated that it had identified several finance and national security risks within the investment advisory sector. As an entry point for investments in US securities, real estate and other assets, these risks open the doors for local…

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January 11, 2024 BY Elizabeth Anderson

SEC signals the official green light for 11 bitcoin ETFs

This authorisation opens the doors for investing in the globally dominant cryptocurrency without having to own a single bitcoin. The approved filing contains ETFs from issuers such as BlackRock (BLK), ARK Invest (ARKK), VanEck, Fidelity, and Grayscale (GBTC), which received the go-ahead to uplist GBTC on the NYSE. Don’t miss out the latest news, subscribe…

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January 03, 2024 BY Elizabeth Anderson

2024’s first BIG IPO by healthcare provider BrightSpring

According to a Bloomberg report released in September of last year, BrightSpring, backed by investment management company KKR & Co. (KKR), originally hoped to garner $1bn in IPO, although this figure is now absent from the most recent filing from the US Securities and Exchange Commission on 2 January. In 2023, the healthcare provider saw…

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February 20, 2019 BY Valentina Kirilova

SEC votes for the full adoption of a pilot modernization program to all issuers

The US Securities and Exchange Commission (SEC) has voted in favor of expanding its pilot program on the modernization of allowing investors to share their opinions regarding potential offerings at a much earlier stage than the current one. According to the provisions of the new rule and its amendments, the "test-the-waters" accommodation currently used by emerging growth…

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insider trading
February 14, 2019 BY Valentina Kirilova

Former senior Apple attorney charged with insider trading

The US Securities and Exchange Commission (SEC) yesterday opened insider trading charges against a former senior Apple Inc.(NASDAQ:AAPL) attorney named Gene Daniel Levoff. According to SEC charges, Levoff was responsible for implementing Apple’s insider trading compliance measures when he used his position to buy Apple shares before quarterly earnings releases. Levoff served as Apple’s company…

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