The Indiana Secretary of State is investigating multiple complaints it has received against Roger Dobrovodsky and/or his business entities, which include EDU Financial Strategies, EDU Holding Trust, EDU Trust Services LLC and EDU Wealth Advisors LLC.
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Town of Speedway leaders are pumping the brakes on a proposed $2.5 million loan to help pay for the long-delayed Wilshaw hotel project after learning that one of the companies involved wasn’t forthcoming about federal fines for past business dealings.
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The penalty was part of a settlement with the Securities and Exchange Commission related to four financial advisers who stole millions of dollars of advisory clients’ and brokerage customers’ funds.
Legal problems are piling up against a now-defunct Georgia financial firm called Drive Planning LLC and its Indianapolis-based managing partner, Gerardo Linarducci.
The fines add to the billions of dollar that big banks previously agreed to pay the SEC and the U.S. Commodity Futures Trading Commission to settle similar investigations into use of messages on personal phones and WhatsApp.
The company said in a regulatory filing that it received investigative subpoenas from the SEC about issues including cryptocurrency listings, custody of cryptocurrencies, and platform operations.
One of the nation’s most prolific auditors, BF Borgers faces permanent suspension from practicing as accountants before the SEC and a total of $14 million in fines.
The SEC said in a filing that Musk failed to appear for testimony on Sept. 15 despite an investigative subpoena served by the SEC and having raised no objections at the time it was served.
The new rules also require publicly traded companies to annually disclose information on their cybersecurity risk management and executive expertise in the field. The idea is to protect investors.
Wall Street’s top regulator is moving to prohibit investment firms from using artificial intelligence to generate more business at the expense of their customers’ best interests, one of the first bids by a federal agency to craft rules for the technology.
Conference rooms are being reserved and snacks stockpiled as participants in the $5.5 trillion space await the U.S. Securities and Exchange Commission’s vote Wednesday on rules reshaping the money-market industry for the third time since 2008.
The judgment also bars Eric Meek and Bobby Peavler from serving as an officer or director of a public company for the next three years.
The SEC’s Division of Corporation Finance asked the questions in a June 15 letter, shortly before Tesla CEO Elon Musk raised the issue as grounds to back out of a deal to buy Twitter for $44 billion.
Stephen Buyer is accused in court papers of engaging in insider trading during a merger of T-Mobile and Sprint, among other deals. It said he leveraged his work as a consultant and lobbyist to make illegal profits.
A new bipartisan proposal would give the rapidly-expanding sector a victory by handing authority to the Commodity Futures Trading Commission, seen by the industry as a more benevolent regulator.
The proposal would require disclosure of risks climate change pose to companies and the amount of greenhouse gas emissions produced by companies and by their supply chain.
The required disclosures would include greenhouse gas emissions produced by companies directly or indirectly—such as from consumption of the company’s products, vehicles used to transport products, business travel and energy used to grow raw materials.
Greenfield-based Elanco Animal Health Inc. disclosed on Monday that it received a subpoena from the U.S. Securities and Exchange Commission on July 1 related to its channel inventory and sales practices prior to mid-2020.
Eli Lilly and Co. included in its proxy statement an intricate graphic breaking down the presence of women and minorities in its overall workforce and in management.
President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau. He announced the move Monday, along with his intent to nominate Gary Gensler as the next chair of the Securities and Exchange Commission.
Novus Capital Corp II, a SPAC targeting businesses enabling smart technology evolution, filed Wednesday with the Securities and Exchange Commission to raise up to $250 million in an initial public offering.
The proposal filed with the U.S. Securities and Exchange Commission on Tuesday, if approved, would require all companies listed on the exchange to publicly disclose consistent, transparent diversity statistics about their board of directors.
