As per a filing by Amazon to the SEC, its board is set to review nominees from diverse candidates which includes minorities. In a move that aims to promote greater diversity in its Board, Amazon.com stated women and minorities are… Read More ›
SEC
SEC blocks Chongqing Casin Enterprise Group from purchasing the Chicago Stock Exchange
On verification by the SEC’s commissioners, led by Chairman Jay Clayton, the regulator was unable to locate the source of funds for the proposed deal; they were also unable to get sufficient information on the proposed buyers. U.S. regulators have… Read More ›
SEC questions Credit Suisse on the closure of its VelocityShares product
Along with the SEC, Switzerland’s Financial Market Supervisory Authority has also stated it is in contact with Credit Suisse regarding the closure of its product. On Tuesday, a report by the Wall Street Journal stated that the U.S Securities and… Read More ›
“Anonymous whistleblower” alleges fixing of Wall Street’s Volatility Index
The whistleblower who claims to have held senior roles in the investment sector, has approached the SEC through a law firm. A Washington-based law firm, representing an “anonymous whistleblower” told U.S. financial regulators that they should investigate a scheme that… Read More ›
SEC’s staff legal bulletin places burden of proof on investor proponents
The new measure comes in the wake of demand for reforms in annual director elections as well as on topics related to corporate governance. Going by the SEC’s “staff legal bulletin”, companies are likely to block ethical or social matters… Read More ›
Chinese logistics company launches U.S. IPO to consolidate and expand its operations in China
Existing shareholders, including Goldman Sachs Group, will be offloading their stake in the IPO. Backed by Alibaba Group, a Chinese logistics company called Best Inc, has launched its IPO in the U.S. in the hope of moping up up to… Read More ›
Donald Trump to nominate Robert Jackson to the SEC
Jackson’s appointment will bring the 5 member SEC panel to its full strength which will then push for reducing regulatory commitments for public companies – an agenda that the Trump Administration wants fulfilled. According to person with the knowledge of… Read More ›
The SEC’s confidential draft statement for IPOs is designed to boost the U.S. primary market
The new SEC chairman has allowed companies to file confidentially prior to their IPOs. The rule will apply to even those companies who have yet to make their first year into the public reporting system. In a development that is… Read More ›
The outcome of these two landmark cases will determine Wall Street’s policies
The SEC and the Consumer Financial Protection Bureau were given a set of powers in the wake of the 2008 financial crisis. Efforts are now being made to dismantle these structures. Is this the preamble to a coming global financial… Read More ›
IEX Group’s Investors’ Exchange will compete with NYSE and NASDAQ
The fact that the NYSE has copied some of IEX’s features show IEX’s threat potential. The SEC has given the New York Stock Exchange the green signal for implementing what is known as a speed bump on one of its… Read More ›
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