President Joe Biden’s Securities and Exchange Commission (SEC) released proposed rules Monday for publicly traded companies that would compel those firms to disclose a range of climate-related information to shareholders. Described in a 500-plus-page document, that information includes financially material climate-related risks as well as estimated greenhouse gas (GHG) emissions, which were described by the…
SEC Rule Would Mandate That Companies Disclose Climate-Related Information, Greenhouse Gas Emissions
SEC to Make Companies Report Emissions; What’s the Risk of Investing in China Stocks?| NTD Business
The Securities and Exchange Commission unveiling a landmark new plan today, it’s planning to require companies to disclose their greenhouse gas emissions. How would that affect investors? Is Hong Kong moving away from China’s zero covid policy? The city announced it will loosen restrictions despite recording over 10 thousand virus cases. Germany trying to cut…
Elon Musk Faces Legal Challenge Over Claim That His Tesla Financing Tweet Was True
Tesla Inc. CEO Elon Musk may soon be heading for a courtroom battle with company shareholders who claim that they have lost billions of dollars because of Musk’s 2018 tweet on taking Tesla private. A ruling in favor of the shareholders would allow them to focus at trial solely on connecting Musk’s allegedly false statement…
5 Chinese Companies Named by US Regulators for Potential Delisting, Triggering Stock Plunge
Five Chinese companies have been included in a provisional list of 270 companies by the U.S. Securities and Exchange Commission (SEC) to be delisted from U.S. stock markets. If these companies fail to submit detailed audit documents supporting their financial statements within the required time frame, they will be forced out from American exchanges by…
Tesla’s Musk Seeks to End SEC Muzzle on Tweets, Could Face Uphill Battle
Tesla Inc. Chief Executive Elon Musk on Tuesday asked a federal judge to terminate his 2018 agreement with the top U.S. securities regulator requiring some of his tweets to be vetted by a lawyer. Musk also asked the judge to block a U.S. Securities and Exchange Commission (SEC) subpoena requesting records of pre-approval of a…
Elon Musk, Tesla Attack SEC for ‘Unrelenting’ Harassment
NEW YORK—Tesla Inc. and its Chief Executive Elon Musk on Thursday accused the U.S. Securities and Exchange Commission (SEC) of harassing them with an “endless” and “unrelenting” investigation to punish Musk for being an outspoken critic of the government. The accusation came in a letter to U.S. District Judge Alison Nathan in Manhattan, who presided…
Crypto Firm BlockFi to Pay Record Penalty to Settle US SEC, State Charges
WASHINGTON—A subsidiary of crypto company BlockFi Inc. has agreed to pay $100 million to the U.S. Securities and Exchange Commission (SEC) and 32 states to settle charges in connection with a retail crypto lending product the New Jersey company offered to nearly 600,000 investors, regulators said on Monday. The charges come as U.S. regulators, worried…
SEC to Vote Next Week on Boosting Hedge Fund Disclosures: Chair Gensler
WASHINGTON—The Securities and Exchange Commission (SEC) will vote next week to propose boosting hedge fund disclosures in a bid to enhance industry oversight and investor protections, the agency’s chair said on Wednesday. Gary Gensler told reporters that the SEC will vote to propose rule changes to the Form Private Fund (PF) which many hedge funds…
SEC Delays Decision on NYDIG Bitcoin ETF
NEW YORK—The Securities and Exchange Commission on Tuesday said it delayed its decision on a bitcoin exchange-traded fund (ETF) proposal from NYDIG, which would be based on the price of bitcoin held in a trust. The SEC said it will make a decision about whether to allow the bitcoin ETF from NYDIG, a subsidiary of…
SEC Charges Medallion Taxicab Lender With Fraud
NEW YORK—The Securities and Exchange Commission charged Medallion Financial Corp. and its president with fraud for trying to inflate the stock price of the lender to taxicab medallion buyers, amid competition from Uber and Lyft. In a complaint filed on Wednesday in Manhattan federal court, the SEC said Medallion and President Andrew Murstein paid a…
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