SEC has filed a lawsuit against former ConvergEx exec Basilly on Tuesday on the allegation of defrauding traders. Prior to that, ConvergEx has admitted wrongdoing through its several units and counted penalty of $150 million to the regulators. However, his lawyer claims innocence rejecting all allegations and cites that Bassily has acted as per ConvergEx approved business model.
Tags: US Securities and Exchange Commission
Boeing's Statements on Safety Practices Being Investigated by SEC After Side Panel Breaks Off Plane
The SEC has launched an investigation into Boeing's statements regarding its safety practices following an incident involving a 737 Max 9 aircraft in January.
Billionaire Tech Founder Betrays Longtime Colleague With Insider Trading Deal That Scored Him $415,000 in Profit: SEC
The US Securities and Exchange Commission (SEC) said Andreas "Andy" Bechtolsheim, the co-founder of Sun Microsystems and an early investor in Google, has settled insider trading charges against him that will cost him almost $1 million.
US SEC Scraps Some of Its Most Ambitious Greenhouse Gas Emission Disclosure Requirements From Draft Climate Rules: Report
The US SEC has reportedly junked some of the most demanding greenhouse gas emissions disclosure requirements from corporate climate risk rules it is readying to implement.
Donald Trump's Social Media Deal Greenlighted by SEC — And It Could Make Him a Fortune
The US Securities and Exchange Commission (SEC) has given the green light for former President Donald Trump's media and technology firm to merge with the blank-check acquisition company Digital World Acquisition Corp.
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US Securities and Exchange Commission (SEC) has slapped penalties on AIG's three affiliates for steering customers to high-fee products. AIG is also offloading its brokerage unit owing to stringent norms. AIG has agreed to pay $9.5 million for settling the regulator's claims.
Sysco has initiated a process to acquire US Foods for $3.5 billion in 2013. The effort has been blocked by a federal judge under certain grounds. The debt burdened distribution giant has finally opted to go for IPO on Tuesday. Though size of the IPO hasn’t been mentioned clearly, but the Form S-1 suggests valuation of $100 million which may be revised later on.
Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.
The Department of Justice has been probing on a possible insider trading following high-speed trades which was also confirmed by US regulators earlier this week, reported Reuters.
Beijing-based Cheetah Mobile Inc. filed an initial public offering with US regulators and appointed JP Mogran, Credit Suisse, Macquarie Capital and Morgan Stanley to be the underwriters for the deal.
San Francisco, US-based business social network Townsquared bagged $5.26 million in its first funding round from undisclosed investors to allow business owners and employees connect and engage with each other.
Charlottesville, Virginia-based wind power developer Apex Clean Energy Inc raised around $4.4 million in the latest stage of its $25-million equity funding round which started last year.
Kansas City, Missouri-based troubled data storage firm IceWEB Inc plans to sell equity securities to raise capital increase sales of its products and services in order to continue its operations.
Santander Consumer USA Holdings is seeking a valuation of as much as $8.4 billion in its initial public offering. The auto loan company owned by Spain's Banco Santander as well as private equity firms expects to raise $1.56 billion in the listing.
