Securities and Exchange Commission

Walmart expects to close Flipkart deal by the end of 2018

According to a regulatory filing with Securities and Exchange Commission (SEC), Walmart said the ongoing operations of Flipkart are expected to impact the US company's income negatively.

Jun 05, 2018, 18:00 PM IST

US Senate confirms Donald Trump's pick for SEC Chairman

US Senate has approved President Donald Trump`s choice Jay Clayton to lead the Securities and Exchange Commission.

May 03, 2017, 14:47 PM IST

JPMorgan to pay over $250 mn to settle US government probe of China hiring

JPMorgan Chase & Co will pay more than $250 million to settle allegations by the U.S. government that it had hired children of Chinese decision makers to win business, a source familiar with the matter told Reuters.

Nov 17, 2016, 08:55 AM IST

ExxonMobil, Chevron told to allow investor climate votes

US regulators have told ExxonMobil and Chevron to permit shareholders to vote on resolutions requiring assessments of how climate change policies might affect them, according to documents released Thursday.

Mar 25, 2016, 02:04 AM IST

Cadbury maker Mondelez faces US action for India bribery case

Cadbury said it is contesting show-cause notices by the excise department in India that has demanded from it unpaid taxes and penalties.

Feb 23, 2016, 11:19 AM IST

HSBC under lens for hiring candidates linked to govt officials

The bank did not identify the specific country where such hirings could have been made, but said it is cooperating with the investigation by the US markets regulator SEC (Securities and Exchange Commission).

Feb 22, 2016, 16:52 PM IST

Facebook's COO Sandberg donates $31 million to charity

After Facebook CEO and his wife making a pledge in December to give away 99 percent of their stock over their lifetime, the social networking giant's COO Sheryl Sandberg has decided to donate $31 million in Facebook stock to charity, the media reported on Friday.

Jan 15, 2016, 11:35 AM IST

Dr Reddy's accused of making false claims about financials, shares slump 7%

US-based law firm Lundin Law, which specialises in securities litigations is investigating claims against Dr Reddy's Laboratories for possible violations of federal security laws, which the drug maker has denied.

Nov 19, 2015, 14:30 PM IST

Twitter new source of funds for start-ups

Coming as a shot in the arm for fledgling businesses, the US Securities and Exchange Commission has given its nod to start-ups for using the social network to drum up interest in future stocks and debt offerings, reported.

Jun 29, 2015, 16:19 PM IST

Logitech sets aside $3.25 mn to cover possible SEC penalty

The maker of computer accessories also said it would see an increase of $0.5 million in inventory and accrual for a balance sheet reclassification and a change of $0.3 million in deferred tax assets tied to these changes.

Jun 06, 2015, 21:13 PM IST

SEC probes Bank of America over customer funds: Source

The Securities and Exchange Commission is investigating Bank of America to see whether it broke rules by speculating with its customers` funds, a person close to the matter said Tuesday.

Apr 28, 2015, 22:02 PM IST

SEC charges India-origin person for share sale fraud

US market regulator SEC has charged India-origin Vinay Kumar Nevatia for fraudulent sale of shares to the tune of USD 900,000 by claiming that he owned these stocks.

Dec 03, 2014, 17:16 PM IST

US SEC to pay $30 million-plus in largest whistleblower award

An anonymous tipster living abroad will be receiving more than $30 million.

Sep 23, 2014, 09:29 AM IST

Ex-Goldman director Gupta loses appeal of $13.9 mn fine, heads to prison

A unanimous three-judge panel said on Tuesday that the standard in a criminal context was different from that in a civil case.

Jun 17, 2014, 21:23 PM IST

Gupta approaches apex court in last-ditch effort to avoid jail

Gupta, 65, convicted in 2012 of passing confidential board room information to his friend and business associate Raj Rajaratnam, is scheduled to begin his two-year prison term on June 17.

Jun 11, 2014, 11:37 AM IST

Google may soon add ads to refrigerators, car dashboards

Tech giant Google could be soon delivering place on refrigerators, car dashboards and even thermostats.

May 22, 2014, 14:59 PM IST

Ex BP-employee settles US insider-trading charges

A former BP employee who was a coordinator during the 2010 oil spill in the Gulf of Mexico has agreed to settle federal charges of using confidential information on the seriousness of the spill to profit illegally from trading in BP stock.

Apr 18, 2014, 04:42 AM IST

Rajat Gupta seeks re-hearing of insider trading conviction

In a unanimous ruling last month, the panel of the appeals court had rejected Gupta's bid for a new trial and upheld his 2012 conviction and sentence.

Apr 09, 2014, 14:17 PM IST

Rajat Gupta asks court to rethink $13.9 mn penalty

India-born former Goldman Sachs director Rajat Gupta has asked a US court to reconsider its order asking him to pay USD 13.9 million in civil penalties in the insider trading case, arguing it was unnecessary given the heavy criminal punishment imposed on him.

Apr 08, 2014, 19:38 PM IST

Morgan Stanley set to pay $275 mn to settle SEC probe

US banking giant Morgan Stanley on Tuesday said it would pay USD 275 million to settle a Securities and Exchange Commission probe of mortgage-backed securities deals.

Feb 26, 2014, 09:43 AM IST