The Wall Street Journal reported that the SEC proposed a plan allowing startups and small companies to raise more money from investors when they opt for light-touch fundraising methods.
Wells Fargo entered into agreements with the U.S. Department of Justice and the U.S. Securities and Exchange Commission to resolve their investigations into the company’s historical Community Bank sales practices and related disclosures.
The SEC voted to propose rule amendments to modernize the description of business, legal proceedings, and risk factor disclosures that registrants are required to make pursuant to Regulation S-K.
The Securities and Exchange Commission charged Walmart with violating the Foreign Corrupt Practices Act. Walmart agreed to pay more than $144 million to settle the case.
Online image aggregator and social media platform Pinterest filed a proposal with the SEC for an initial public offering of its Class A shares. Goldman Sachs, J.P. Morgan Securities and Allen & Company will serve as lead joint book-running managers for the offering.
The Securities and Exchange Commission announced that JPMorgan Chase Bank will pay more than $135 million to settle charges of improper handling of “pre-released” American Depositary Receipts.
According to the Securities and Exchange Commission, Bank of New York Mellon will pay more than $54 million to settle charges of improper handling of “pre-released” American Depositary Receipts.
The Securities and Exchange Commission entered an order finding that Citigroup Global Markets misled users of a dark pool operated by one of its affiliates.
The SEC has charged cash advance company 1 Global Capital and its former CEO with allegedly defrauding at least 3,400 retail investors.
The Securities and Exchange Commission announced Moody’s Investors Service agreed to pay a total of $16.25 million in penalties to settle charges involving internal control failures and failing to clearly define and consistently apply credit rating symbols. This marks the first time the SEC has filed an enforcement action involving rating symbol deficiencies.