Late on Wednesday, Grocery delivery app Instacart Inc said, it has confidentially filed for an initial public offering (IPO) with the SEC. San Francisco-based Instacart has not specified the size of its IPO, nor has it mentioned the price range… Read More ›
SEC
US companies may have to disclose impact of Ukrainian war: SEC
In a statement the US Securities and Exchange Commission said its Division of Corporation Finance has told companies to disclose the impact of Russia’s invasion of Ukraine on their business, including nationalization of assets. In a guidance posted on its website, the… Read More ›
Cooperating with SEC insider trading probe: Activision
A securities filing by Activision Blizzard shows that the company is cooperating with federal investigations into trading by friends of its CEO shortly before its disclosure of its sale to Microsoft Corp. In an amended proxy filing with the SEC, Activision… Read More ›
Barclays facing $592M loss, increased regulatory scrutiny over non-compliance of sales limit of structured products
In a significant development, Barclays is facing an estimated $592 million (450 million pound) loss and regulatory scrutiny for exceeding a U.S. limit on sales of structured products, some of which have surged in popularity following the Russian invasion of… Read More ›
Thailand bans usage of digital assets for making payments from April 1 2022
On Wednesday, Thailand’s market regulator said, from April 1, 2022, it has banned the use of digital assets for being used to pay for goods and services. The move is in line with earlier discussions between the Securities and Exchange… Read More ›
Chinese companies non compliant with US audit standards will be delisted: SEC
Shares of Yum China along with four other Chinese companies have fallen sharply after they were ensnared in an audit dispute between China and the United States. In a statement Yum China Holdings, the owner of KFC, Taco Bell and Pizza… Read More ›
SEC rejects proposals by Valkyrie Bitcoin Fund and the Kryptoin Bitcoin for creating ETF Trust
In a significant development the SEC has torpedoed two proposals which aimed to offer bitcoin exchange-traded funds, dealing a blow to market participants who had hoped the regulator would have approved the given the deal a green light since it… Read More ›
SEC denies Apple Inc’s bid to dismiss shareholder proposal on concealment clauses on NDAs
The U.S. Securities and Exchange Commission (SEC) has denied Apple Inc’s bid to exclude a shareholder proposal that would have required Cupertino to inform investors of its use of non-disclosure agreements and other concealment clauses. The SEC’s move will mean that… Read More ›
KMS Financial Services, Cetera entities and Cambridge Investment Research agree to pay fines for non-compliance to SEC cybersecurity policies and procedures
In a statement the U.S. Securities and Exchange Commission (SEC) said, the units of three broker-dealer and investment advisory firms have agreed to pay hundreds of thousands of dollars in penalties to settle charges over cybersecurity failures. The SEC had… Read More ›