Securities and Exchange Comission

Roblox Corp. (NYSE:RBLX) is part of an active and ongoing investigation by the Securities and Exchange Commission, the agency said Friday.  The Details: The SEC confirmed the investigation Friday in a letter responding to a Freedom of Information Act request from Bloomberg News.  "We have...

SEC Charges Cantor Fitzgerald With Causing 2 SPACs To Make Misleading Statements The Securities and Exchange Commission on Thursday charged  financial services firm Cantor Fitzgerald, L.P. with causing two special purpose acquisition companies that it controlled to make misleading statements...

Man Sentenced To 51 Months In Prison For Fraud, Ordered To Pay $6.1 Million  Mykalai Kontilai, a 55-year-old Las Vegas resident, was sentenced on Thursday to 51 months in prison and ordered to pay $6.1 million in restitution for his involvement in a long-running fraud scheme. Kontilai, who...

WAMCO’s Ken Leech Charged With Fraud For Allegedly ‘Cherry-Picking' Trades The Securities and Exchange Commission (SEC) on Monday announced fraud charges against Stephen Kenneth ("Ken") Leech, the former co-chief investment officer of Western Asset Management Company LLC or WAMCO, owned by...

Crypto.com announced that it has initiated legal proceedings against the SEC, following the receipt of a Wells notice from the regulatory body. What Happened: The provider of crypto financial services received a Wells notice from the SEC, indicating that the regulatory body was considering...

The U.S. Department of Justice on Monday raised objections to bankrupt EV maker Fisker‘s liquidation plan on behalf of the auto safety regulator National Highway Traffic Safety Administration (NHTSA), noting that automakers cannot charge customers for repairs of safety-related issues...

An investment adviser has been ordered to pay tens of millions of dollars for overvaluing thousands of largely illiquid collateralized mortgage obligations (CMOs) and giving preferential treatment to clients. Macquarie Investment Management Business Trust (MIMBT) will pay $79.8 million to settle...

Editor’s Note: The article has been updated with comments from S&P Global, AM Best, and HR Ratings. In a recent development, the Securities and Exchange Commission (SEC) has imposed a hefty penalty on six leading rating agencies, including Moody's Ratings by Moody’s Corp. (NYSE:MCO...

Trian Fund Management, an activist investor hedge fund co-founded by billionaire Nelson Peltz, still owns a piece of Walt Disney Company (NYSE:DIS) after reportedly selling its entire position in late May, according to regulatory filings. A quarterly 13-F report filed with the Securities and...

B. Riley Financial Inc (NASDAQ:RILY) shares continue to face heavy selling pressure on Tuesday after the company delayed its quarterly financial results as regulators investigate whether B. Riley properly disclosed risks associated with some of its assets. What To Know: B. Riley stock got cut in...

A crypto whale invested $24.7 million in Ethereum-based altcoins after the SEC approved a spot Ethereum (CRYPTO: ETH) ETF. What Happened: The whale began accumulating altcoins like Lido (CRYPTO: LDO), Uniswap (CRYPTO: UNI), Aave (CRYPTO: AAVE), Ethereum Name Service (CRYPTO: ENS), and Fraxshare (...

Pfizer Inc. (NYSE:PFE) has launched a multi-year cost-cutting initiative aimed at saving approximately $1.5 billion by the end of 2027. What Happened: The new program builds on a $4 billion cost reduction plan announced last year, Reuters reported on Thursday. This move comes as the company faces...

Veteran trader Peter Brandt has sparked a discussion within the cryptocurrency community with his recent remarks on X. What Happened: On Thursday, Brandt predicted a severe regulatory crackdown on crypto staking, describing the future landscape as a “bloodbath.” “If the crypto...

In an unexpected twist on social media, Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), set off a flurry of speculation with a post that many interpreted as a prelude to his resignation. What Happened: Gensler took to X, formerly Twitter, with a message that seemed to...

Bitcoin‘s (CRYPTO: BTC) strong start to the week hit a road bump after Monday’s trading data showed that interest in spot ETFs appears to be cooling off. What Happened: Data from SoSoValue reveals a net outflow of $223 million on Monday, primarily driven by Grayscale‘s Bitcoin...