U.S. SEC

Minnesota Statelptv.org

Two Minnesota Men Charged in Pump-and-Dump Fraud Scheme

MINNEAPOLIS – A recently unsealed indictment charges three individuals with securities fraud for running an illegal pump-and-dump stock manipulation scheme by hijacking dormant public shell companies. The 15-count indictment charges all three defendants with conspiracy to commit securities fraud, securities fraud and wire fraud. According to court documents, Mark Allen...
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Congress & CourtsAmerican Banker

House panel advances bill to require annual G-SIB reports to the Fed

WASHINGTON — The House Financial Services Committee advanced legislation Wednesday that would require the largest U.S. banks to submit annual reports to the Federal Reserve about their activities, compensation structures, and environmental, social and corporate governance initiatives. The committee voted 28-22 along party lines to advance the Greater Supervision in...
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New York City, NYThinkAdvisor

Guggenheim Securities Slapped by SEC for Violating Whistleblower Rules

The Guggenheim training manual forbade employees from communicating directly with the SEC. SEC ordered Guggenheim Securities to pay a civil money penalty. SEC acknowledged that there was no evidence that Guggenheim Securities impeded whistleblower communications, if any, the BD said. Guggenheim Securities was slapped with a civil money penalty of...
Loveland, COThe Tribune

Lightning eMotors CEO gets raise, execs get bonuses

LOVELAND — The board of directors for Lightning eMotors (NYSE: ZEV) has voted to give CEO Tim Reeser a raise and approved cash bonuses for several executives in the wake of the electric vehicle manufacturer going public in March, according to documents filed Monday with the Securities and Exchange Commission.
Washington StateJacksonville Daily Record

Analyst: Washington Prime considered mall sales

Before filing a petition for Chapter 11 bankruptcy reorganization last week, Washington Prime Group Inc. was considering selling its smaller malls, according to one analyst. The Orange Park Mall is a core asset in the company’s portfolio of 101 properties, but the Westland Park Plaza on the Westside is one of a group of smaller strip malls that have been considered for sale, said Compass Point analyst Floris van Dijkum.
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Philadelphia, PAPosted by
MyChesCo

Century Therapeutics Announces Closing of Initial Public Offering

PHILADELPHIA, PA — Century Therapeutics (NASDAQ: IPSC), an innovative biotechnology company developing induced pluripotent stem cell (iPSC)-derived cell therapies in immuno-oncology, announced yesterday the closing of its initial public offering of 12,132,500 shares of its common stock at a public offering price of $20.00 per share, which includes the full exercise by the underwriters of their option to purchase 1,582,500 additional shares of common stock.
Financial Reportssgbonline.com

Topps Reports 55 Percent Hike In Q1 Revenues

The Topps Company reported significant earnings gains in the first quarter ended April 3 as sales climbed 55.3 percent. comparison of the thirteen weeks ended April 3, 2021 to the fourteen weeks ended April 4, 2020. Sports & Entertainment segment net sales increased 105.3 percent to $103.2 million;. Physical Sports...
POTUSPosted by
Axios

SEC investigating if companies failed to disclose breaches in SolarWinds hack

The Securities and Exchange Commission is probing whether some U.S. companies failed to disclose that they had been a victim of the massive SolarWinds breach by Russian hackers, according to Reuters. Why it matters: U.S. securities law requires companies to disclose information, like a cyberattack, that could impact their share...
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Saint Louis, MOedglentoday.com

Ameren Illinois Announces Pricing Of Green First Mortgage Bonds Due 2051 And First Mortgage Bonds Due 2023

ST. LOUIS - Ameren Illinois Company, a subsidiary of Ameren Corporation (NYSE: AEE), announced yesterday the pricing of a public offering of $350 million aggregate principal amount of 2.90% first mortgage bonds due 2051 at 99.583% of their principal amount and $100 million aggregate principal amount of 0.375% first mortgage bonds due 2023 at 99.975% of their principal amount. The transactions are expected to close on June 29, 2021, subject to the satisfaction of customary closing conditions, and are not contingent upon each other.
Congress & CourtsPosted by
National Law Review

House Passes Bill Requiring SEC to Define Mandatory ESG Metrics

On June 16, 2021, the U.S. House of Representatives voted (215-214) to pass the ESG [Environmental, Social and Governance] Disclosure Simplification Act of 2021 (H. R. 1187) (the “Bill”).[1] This legislation would build on the Biden Administration’s push for major corporations to be more transparent in disclosing economic and social risks to investors, including climate-related risks.
Queens, NYAstoria Post

Queens Congressmembers Back Amendment Requiring Public Companies to Disclose Racial and Gender Composition of Their Board

A legislative package that would require public companies to disclose social, environmental and governance metrics to investors passed the U.S. House of Representatives last Wednesday. The Corporate Governance Improvement and Investor Protection Act passed along partisan lines – 215 to 214 – although four Democrats voted in opposition to the...
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MarketWatch

Financial regulators tell Biden they're making progress on his climate-risk order

In a meeting on Monday with President Biden, top U.S. financial regulators reported that they "were making steady progress" on his executive order on climate-related risk, the White House said in a statement. The regulators also "discussed ideas for promoting financial inclusion and for responsibly increasing access to credit for potential homeowners and small businesses," and they reported that the financial system is in "strong condition," the White House said. The meeting participants included Treasury Secretary Janet Yellen, Federal Reserve chief Jerome Powell and Securities and Exchange Commission Chairman Gary Gensler.
Economytheblockcrypto.com

Elliptic report shows SEC leads U.S. regulators in enforcement actions

A new report from Elliptic shows that the Securities and Exchange Commission (SEC) leads U.S. regulators in monetary penalties against crypto firms by a wide margin. Since bitcoin's creation in 2009, regulators have levied $2.5 billion in enforcement actions against various crypto projects. Most of that comes from unregistered securities offerings, according to Elliptic's research.
StocksPosted by
TheStreet

Confluent Announces Pricing Of Initial Public Offering

Confluent, Inc., the platform for data in motion, today announced the pricing of its initial public offering of 23,000,000 shares of Class A common stock at a price to the public of $36.00 per share. The shares are expected to begin trading on the Nasdaq Global Select Market under the...