• SEC boss Jay Clayton to take a deeper look at the blank-check company boom

    SEC boss Jay Clayton to take a deeper look at the blank-check company boom

    Wall Street’s top regulator wants to take a closer look at blank-check companies on his way out the door. Securities and Exchange Commission Chairman Jay Clayton said Thursday that his agency is
  • SEC Chairman Jay Clayton plans to step down at the end of 2020

    SEC Chairman Jay Clayton plans to step down at the end of 2020

    Wall Street’s sheriff is hanging up his spurs. Securities and Exchange Commission Chairman Jay Clayton announced Monday morning that he will be stepping down at the end of 2020, ending a
  • Former Wells Fargo CEO and senior exec hit with new SEC charges

    Former Wells Fargo CEO and senior exec hit with new SEC charges

    The feds slapped ex-Wells Fargo chief John Stumpf and the bank’s former community banking head Carrie Tolstedt with fresh civil charges and fines over their roles in the fraud scandal that
  • Nikola discloses subpoenas from DOJ, SEC and New York DA

    Nikola discloses subpoenas from DOJ, SEC and New York DA

    Electric truck maker Nikola revealed late Monday that it was hit with a grand jury subpoena from the Justice Department in September amid accusations that the company has lied about its
  • T.I. settles federal claim he pushed bogus cryptocurrency

    T.I. settles federal claim he pushed bogus cryptocurrency

    ATLANTA — Rapper and actor T.I. has settled civil charges with the U.S. Securities and Exchange Commission that he helped promote a fraudulent cryptocurrency. T.I., whose real name is Clifford Harris, agreed to a civil settlement with the SEC that was announced Friday. He is paying a $75,000 fine and agreeing not to sell or …
  • Hedge fund stake sends shares in Kodak up 65 percent

    Hedge fund stake sends shares in Kodak up 65 percent

    The wild ride that is Kodak’s stock market performance appears far from over. The company’s stock shot up by 65 percent on Tuesday after news broke that New York-based hedge fund D.E. Shaw had built up a 5.2 percent stake in the moribund camera technology firm. Word of D.E. Shaw’s stake, disclosed in a regulatory …
  • Robinhood facing SEC probe over March outage

    Robinhood facing SEC probe over March outage

    Robinhood Markets, the fintech startup credited with helping popularize trading among millennials, is being investigated by the Securities and Exchange Commission and the Financial Regulatory Authority over its handling of a system outage in March, Bloomberg News reported on Monday. One area of focus for the investigation is Robinhood’s lack of customer response, the report …
  • NYSE relaxes fundraising rules in troubled IPO market

    NYSE relaxes fundraising rules in troubled IPO market

    Even The Big Board appears to agree that the IPO business is in trouble. After turning down a similar rule change in December, the Securities and Exchange Commission on Wednesday OK’d an application from the New York Stock Exchange to change how direct listings can be done on the country’s largest ticker temple. Companies looking …
  • Airbnb sets stage for blockbuster listing with confidential IPO filing

    Airbnb sets stage for blockbuster listing with confidential IPO filing

    Short-term home rental company Airbnb on Wednesday confidentially filed for an initial public offering with the Securities and Exchange Commission, setting the stage for one of the marquee stock market debuts of the year. The number of shares to be offered and the price range for the IPO have not yet been determined, the company …
  • Kodak stock plunges after Trump administration puts loan deal on hold

    Kodak stock plunges after Trump administration puts loan deal on hold

    Kodak’s stock price plummeted early Monday after the Trump administration slammed the brakes on a loan deal to help the company launch a pharmaceuticals business. Shares in the former photography giant tumbled 38.2 percent to $9.20 by 7:50 a.m. after the US International Development Finance Corporation put the $765 million loan on ice amid probes …