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☆ Angry creditors want Giuliani’s assets taken out of his control
▼ + stars: | 2024-07-09 | by ( Katelyn | ) edition.cnn.com time to read: +9 min

Giuliani’s bankruptcy attorneys and his spokesman didn’t provide additional comment to CNN for this story. They want the bankruptcy judge on Wednesday to throw him out of bankruptcy court. For instance, in recent weeks, according to his financial records available in court, Giuliani made 40 purchases from Amazon totaling nearly $3,500. “Unfortunately, in this case, good news always seems to be accompanied with bad,” lawyers for his creditors wrote to the bankruptcy judge last month. “We saw the same thing and have requested information, and a cup of coffee,” Giuliani’s own bankruptcy lawyers told the creditors.

Persons: Rudy Giuliani, Giuliani, He’s, they’ve, Donald Trump’s, ”, Daniel Gielchinsky, it’s, Ruby Freeman, Shaye Moss, –, Akin Gump, Giuliani’s, Maria Ryan, didn’t, John Eastman, Jim Bourg, Reuters Freeman, Moss, ” Moss, “ He’s, ” Gielchinsky, Igor Lopatonok, Sean Stone, Chanel Rion, Simona Papadopoulos, Rudy ”, Rudy, “, CNN’s Sabrina Shulman Organizations: CNN, New, ” Lawyers, Giuliani Communications LLC, Trump, Reuters, Amazon, Giuliani Communications, RT America, One America News Network, Burke Brands Locations: New York, Atlanta, Georgia, Arizona, Palm Beach , Florida, Florida, Beach, Russian, Giuliani

☆ Opinion: We Germans are making Trump ‘thunderstorm’ plans
▼ + stars: | 2024-05-21 | by ( Opinion Anna Sauerbrey | ) edition.cnn.com time to read: +12 min

That’s scary.” If Trump is elected, Jörg is convinced, he would withdraw American troops from Europe and stop aid to Ukraine. Jim Bourg/AFP/Getty ImagesSix months ahead of the vote, this soccer field conversation reflects the German view of the US elections quite well. Kirill Kudryavtsev/AFP/Getty ImagesIt’s an optimistic view, based on the assumption that Trump will act rationally, as a deal-maker, if elected. What if Trump tries to take America out of NATO or creates a “dormant NATO,” a NATO existent only in name? Another Trump presidency would not only put Germany’s security at risk, but also manifest this view of the US for another four years.

Persons: Thomas Ernst Editor’s, Anna Sauerbrey, Read, ’, ”, Jörg, Miguel, Donald Trump, “, “ Trump, Trump, “ I’m, Piero, Joe Biden, Jim Bourg, Europe’s, Russia “, Olaf Scholz, Michael Kappeler, ” Scholz, mums, Annalena Baerbock, Greg Abbott, Biden, Kirill Kudryavtsev, George H, Bush’s, Barack Obama, Obama, Heinz M, Schahina Gambir, Gambir, Roe, Wade, Bob Parent Organizations: Zeit, Berlin CNN —, Köpenicker FC, CNN, Biden, Trump, Getty, NATO, Republican, European Union, European Central Bank, EU, ”, Dallas Mavericks, Mavericks, LA Clippers, NBA, Green, Bundestag Locations: Berlin, America, Taiwan, Europe, Ukraine, Italy, AFP, Gaza, Germany, Russia, United States, Trump, Texas, China, Poland, France, Frankfurt, Kabul, New York City, New York

The group usually has one active case against financial regulators, but currently has two against the Securities and Exchange Commission (SEC) and one against the Consumer Financial Protection Bureau (CFPB), he said. To be sure, the financial regulators have been sued many times during previous administrations, including by pro-reform advocacy groups. "There are some financial regulators that are walking right into it," he added. In September, for example, bank groups accused regulators including the Federal Reserve of violating the APA with a new capital rule. According to research by Wharton School professor David Zaring, neither industry groups nor individual lenders have filed more than one suit over the past decade challenging Fed policymaking.

Persons: Jim Bourg, Gibson, Dunn, Crutcher, Joe Biden's, Donald Trump's, Tom Quaadman, Jack Inglis, CFPB, Dennis Kelleher, Trump, Eugene Scalia, Gibson Dunn, Scalia, Antonin Scalia, Rebeca Romero Rainey, David Zaring, Kelleher, Douglas Gillison, Chris Prentice, Pete Schroeder, Nate Raymond, Jody Godoy, Megan Davies, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, WASHINGTON, Democratic, Republican, Reuters, APA, U.S . Chamber of Commerce, Securities and Exchange Commission, Consumer Financial Protection Bureau, Funds, Alternative Investment Management Association, Fifth Circuit, Appeals, Better Markets, Biden, American Bankers Association, Labor, Supreme, Independent Community Bankers of, Federal, Wharton School, Thomson Locations: Washington, Independent Community Bankers of America

Donald Trump Jr. speaks to the media in the media filing center as a surrogate on behalf of his father, former U.S. President Donald Trump, after the former president skipped the first Republican candidates' debate of the 2024 U.S. presidential campaign in Milwaukee, Wisconsin, U.S. August 23, 2023. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Donald Trump’s son Donald Trump Jr. is set to testify on Wednesday afternoon in a New York civil fraud trial accusing the former U.S. president and his family businesses of inflating asset values to dupe lenders and insurers. Donald Jr., an executive vice president at the Trump Organization and a co-defendant in the case, will be the first of Trump’s adult children to take the stand, followed by Eric and Ivanka Trump. He has a campaign event scheduled in Houston on Thursday, when Eric Trump is set to testify. Donald Jr., who along with fellow co-defendant Eric Trump largely took over management of the Trump Organization from his father in 2017, is a central player in the case, overseeing crown jewels of the Trump real estate empire.

Persons: Donald Trump Jr, Donald Trump, Jim Bourg, Donald Trump’s, Donald Jr, Eric, Ivanka Trump, Trump, Democrat Joe Biden, Letitia James, James, Justice Arthur Engoron’s, Michael Cohen, Cohen, Eric Trump, Engoron, Jack Queen, Scott Malone, Jonathan Oatis Organizations: Republican, REUTERS, Trump Organization, Democrat, Democratic New York, Trump, Thomson Locations: Milwaukee , Wisconsin, U.S, New York, Washington, Georgia, Houston, Manhattan

☆ US SEC will go to court if someone is 'playing games' during probes -official
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - A top U.S. Securities and Exchange Commission official on Wednesday said the SEC will turn to courts to enforce its subpoena authority when someone is "playing games" or trying to delay investigations. THE TAKEThe SEC's enforcement director Gurbir Grewal said the agency rarely turns to a court to enforce its subpoena authority, but will do so when necessary. Grewal estimated the agency pursued about a dozen such actions last year. KEY QUOTE:"We need to have accountability and we need to get that message out to the public," Grewal said at an industry conference.

Persons: Jim Bourg, Gurbir Grewal, Grewal, Elon Musk, Chris Prentice, Jonathan Oatis Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Rights, Exchange, Thomson Locations: Washington

☆ US SEC proposes banning volume-based trading discounts for stock brokerages
▼ + stars: | 2023-10-18 | by ( Douglas Gillison | ) www.reuters.com time to read: +3 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. FollowOct 18 (Reuters) - Wall Street's top regulator on Wednesday proposed new regulations it said should level the playing field among broker-dealers operating on U.S. stock exchanges by ending pricing schemes that tend to favor bigger players. At a public meeting in Washington, a divided five-member U.S. Securities and Exchange Commission voted 3-2 to propose banning stock exchanges from offering lower transaction prices and rebates to brokerages with higher trading volumes, something officials said creates unfair competitive advantages for larger firms. The ban on transaction price discounts and rebates would not apply when brokerages trade for themselves, SEC officials said in advance of the meeting. In those cases, stock exchanges will have to disclose pricing tiers and the number of exchange members who qualify to the SEC, which will make this available to the public.

Persons: Jim Bourg, Gary Gensler, Hester Peirce, Ellen Greene, Douglas Gillison, Jonathan Oatis Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, AddSekkei Inc, Exchange, Republican, American Securities Association, Securities Industry, Financial Markets Association, Thomson Locations: Washington, brokerages

☆ Five Eyes intelligence chiefs warn on China's 'theft' of intellectual property
▼ + stars: | 2023-10-18 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +4 min

The officials from the United States, Britain, Canada, Australia and New Zealand - known as the Five Eyes intelligence sharing network - made the comments following meetings with private companies in the U.S. innovation hub Silicon Valley. From quantum technology and robotics to biotechnology and artificial intelligence, China was stealing secrets in various sectors, the officials said. In response, Chinese government spokesman Liu Pengyu said the country was committed to intellectual property protection. The U.S. has long accused China of intellectual property theft and the issue has been a key sore point in U.S.-China relations. "The Chinese government is engaged in the most sustained scaled and sophisticated theft of intellectual property and expertise in human history," said Mike Burgess, the Australian Security Intelligence Organisation's director-general.

Persons: Christopher Wray, Jim Bourg, Wray, Liu Pengyu, Mike Burgess, Burgess, we've, Zeba Siddiqui, Jamie Freed Organizations: Committee, Federal Bureau of Investigation, REUTERS, Rights STANFORD, FBI, Reuters, The, Australian Security Intelligence, Thomson Locations: Washington , U.S, California, China, United States, Britain, Canada, Australia, New Zealand, U.S, Valley . U.S, Washington, The U.S, Australian, Stanford , California

A spot bitcoin ETF would give investors exposure to the world's largest cryptocurrency by market capitalization without having to own it. The SEC has denied all spot bitcoin ETF applications, including Grayscale's, on the grounds applicants have not shown they can protect investors from market manipulation. The appeals court ruled that the SEC arbitrarily denied Grayscale's application because it never explained why the two arrangements were materially different. The appeals court is expected to issue a mandate specifying how its decision should be executed, which will likely include instructing the SEC to revisit Grayscale's application. Several other asset managers, including BlackRock (BLK.N), Fidelity and Invesco, have similar filings pending with the SEC for a spot bitcoin ETF.

Persons: Jim Bourg, Grayscale's, Chris Prentice, Hannah Lang, Michelle Price, Rod Nickel Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Columbia, BlackRock, Fidelity, Thomson Locations: Washington

Short selling involves borrowing a stock to sell it in the expectation the price will fall, then repurchasing the shares and pocketing the difference. Short interest in the U.S. market totaled $927 billion as of Thursday, according to analytics firm S3 Partners. The new rules require institutional investors to report their gross short positions to the SEC monthly and certain "net" short activity for individual dates on which trades settle. "Investment advisers will face more risk when selling short, which will harm investors, market participants, and market efficiency," said its CEO Bryan Corbett. SEC officials said the new rules, which the commission agreed upon in a 3-2 vote, support the agency's efforts to police the practice.

Persons: Jim Bourg, Gary Gensler, Gensler, Stephen Hall, FINRA, Bryan Corbett, Douglas Gillison, Chris Prentice, Michelle Price, Chizu Nomiyama, Chris Reese Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, GameStop, Financial Industry Regulatory Authority, Partners, Stephen Hall of Better, Justice Department, Thomson Locations: Washington, U.S

Short selling involves borrowing a stock to sell it in the expectation the price will fall, then repurchasing the shares and pocketing the difference. The practice has long been divisive, with critics accusing short sellers of trying to hurt companies, and short sellers arguing they help root out fraud and corporate misconduct. Since at least 2021, the Justice Department and the SEC have also been investigating potential manipulation by short sellers and hedge funds around the publication of negative research reports. SEC officials said the new rules, which the commission agreed upon in a 3-2 vote, support the agency's efforts to police the practice. Specifically, institutional investors will have to report gross short positions to the SEC monthly and certain "net" short activity for individual dates on which trades settle.

Persons: Jim Bourg, Gary Gensler, FINRA, Douglas Gillison, Chris Prentice, Michelle Price, Chizu Nomiyama, Chris Reese Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, GameStop, Financial Industry Regulatory Authority, Partners, Justice Department, Thomson Locations: Washington, U.S

☆ Kazakh's fintech Freedom is being investigated by US SEC, DOJ - CNBC
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. The SEC's Boston regional office has been probing Freedom for months, the report said, citing documents seen by CNBC and people familiar with the matter. The allegations in the Hindenburg report are without merit, Freedom had said then. The U.S. Attorney's Office for Massachusetts is also making preliminary inquiries into Freedom, the CNBC report added. The SEC declined to comment on the existence or nonexistence of a possible investigation, whereas the Department of Justice and Freedom did not immediately respond to Reuters requests for comment.

Persons: Jim Bourg, Freedom, Hindenburg, Jaiveer Singh, Shinjini Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, U.S . Department of Justice, Securities, Exchange, CNBC, Boston, Attorney's, Massachusetts, Department of Justice, Thomson Locations: Washington, Kazakhstan, U.S, Bengaluru

☆ Clarence Thomas' recusal on 'frivolous' January 6 appeal is a 'low-stakes' opportunity for him to fight ethics allegations, Supreme Court expert says
▼ + stars: | 2023-10-03 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Clarence Thomas recused himself for the first time from a January 6-related matter this week. A Supreme Court expert said media scrutiny into Thomas' ethics may have convinced him to recuse. AdvertisementAdvertisementAfter months of media scrutiny, Supreme Court Justice Clarence Thomas recused himself for the first time from a matter regarding the January 6, 2021 Capitol attack. But the Eastman appeal from which Thomas recused himself was effectively settled before the court declined to review the appeal. Regardless of his reasons, Thomas ultimately did the right thing in recusing himself from the Eastman appeal, Lemieux said.

Persons: Clarence Thomas, Thomas, —, Trump, John Eastman's, Eastman, Ginny, Trump's, Harlan Crow, Scott Lemieux, didn't, John Eastman, Rudy Giuliani, Jim Bourg, Lemieux, recusal, recusing Organizations: Service, Supreme, White, Trump, Bloomberg, University of Washington, Eastman Locations: Georgia, Virginia

☆ Major tests await conservative US Supreme Court in new term
▼ + stars: | 2023-10-01 | by ( John Kruzel | ) www.reuters.com time to read: +5 min

WASHINGTON (Reuters) - Monday marks the first day of the U.S. Supreme Court’s new term as it prepares to tackle major cases involving gun rights, the power of federal agencies, social media regulation and Republican-drawn electoral districts, and considers taking up a dispute over the availability of the abortion pill. FILE PHOTO: A police officer patrols outside the U.S. Supreme Court in Washington, U.S. June 30, 2023.? The conservative justices in multiple rulings in recent years have pared back the authority of federal agencies including the Environmental Protection Agency. A case to be argued on Nov. 7 presents the conservative justices with an opportunity to broaden gun rights even further. Circuit Court of Appeals in its ruling barred telemedicine prescriptions and shipments of mifepristone by mail.

Persons: Jim Bourg, ” “, ”, Erwin Chemerinsky, Steve Schwinn, Roe, Wade, Joe Biden’s Organizations: WASHINGTON, U.S, Supreme, Consumer Financial Protection Bureau, Securities and Exchange Commission, SEC, Chevron, University of California Berkeley Law School, Environmental Protection Agency, ” University of Illinois, South, Republican, House, Circuit, Appeals Locations: U.S ., Washington , U.S, Iowa, Chevron, ” University of Illinois Chicago, South Carolina, Texas, Florida, New Orleans

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsCompanies Nano-X Imaging Ltd FollowNEW YORK, Sept 29 (Reuters) - Nano-X Imaging (NNOX.O) and its founder Ran Poliakine agreed to pay nearly $1.1 million to settle U.S. Securities and Exchange Commission charges accusing the Israeli medical imaging company of negligently misleading investors about the cost to make its flagship product. The SEC said Nano-X also touted the misleadingly low estimate before and after its August 2020 initial public offering, which raised $165 million. Poliakine was Nano-X's chief executive at the time of the misleading statements, and is now non-executive chairman, the SEC said. Without admitting or denying wrongdoing, Nano-X and Poliakine agreed to pay respective civil fines of $650,000 and $150,000, and Poliakine will pay $267,000 in disgorgement plus interest.

Persons: Jim Bourg, Ran Poliakine, Poliakine, Jonathan Stempel, Chris Reese Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, X Imaging, U.S, Securities, Exchange, Thomson Locations: Washington, New York

REUTERS/Jim Bourg/File Photo Acquire Licensing RightsNEW YORK, Sept 29 (Reuters) - The U.S. securities regulator on Friday said it had fined 12 companies, including brokers, investment advisers and credit rating firms, for record keeping failures. The Securities and Exchange Commission (SEC) said the companies, including Interactive Brokers Corp, Fifth Third Securities and Nuveen Securities, agreed to pay a total of $79 million and admitted they violated the record keeping rules. Credit rating agencies DBRS Inc. and Kroll Bond Rating Agency, LLC also agreed to pay civil penalties to settle SEC charges related to the record-keeping failures, the regulator added. Employees at both firms failed to preserve electronic communications, including off-channel messages on personal and work-issued devices, the SEC said. To settle the charges, DBRS agreed to pay $8 million in civil penalties and KBRA agreed to pay $4 million in civil penalties, the SEC said.

Persons: Jim Bourg, Kroll, DBRS, KBRA, Chris Prentice, Carolina, Barbara Lewis Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Securities, Interactive Brokers Corp, Fifth Third Securities, Nuveen Securities, Reuters, Wall, DBRS Inc, Kroll Bond Rating Agency, Employees, Thomson Locations: Washington, U.S

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. One said some firms could pay as much as $50 million. The SEC has previously negotiated two other large group settlements as part of its "off-channel" communications probe. In August, regulators fined nine Wall Street firms, including Wells Fargo (WFC.N) and Societe Generale (SOGN.PA), a combined $549 million over employees' use of personal messaging apps. In September 2022, it fined 16 firms, including Goldman Sachs, Morgan Stanley, Citigroup and Bank of America, $1.8 billion for similar lapses.

Persons: Jim Bourg, Spokespeople, Oppenheimer, Voya, Wells, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Chris Prentice, Carolina, Michelle Price, Jacqueline Wong Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Reuters, Truist Financial Corp, US Bancorp, Voya Financial, LPL, Interactive, Oppenheimer, Fifth Third Bancorp, Fifth, Truist, Wall Street, Societe Generale, Citigroup, Bank of America, JPMorgan, Thomson Locations: Washington

Here’s takeaways from Thursday’s first impeachment inquiry hearing:Rep.Jamie Raskin and Oversight Chairman James Comer speak on Capitol Hill in Washington, DC, on Thursday. Conservative law professor Jonathan Turley also said that the House does not yet have evidence to support articles of impeachment against Joe Biden, but argued that House Republicans were justified in opening an impeachment inquiry. Picking witnesses that refute House Republicans arguments for impeachment is mind blowing,” one senior GOP aide told CNN. There’s a shutdown looming.”Rep Jim Jordan delivers remarks during the House Oversight Committee hearing on Capitol Hill on September 28, 2023 in Washington, DC. House Oversight Committee ranking Democratic member Rep. Jamie Raskin speaks on Capitol Hill in Washington, DC, on September 28, 2023.

Persons: Joe Biden, don’t, Hunter, Donald Trump’s, Here’s, Thursday’s, Rep.Jamie Raskin, James Comer, Jonathan Ernst, Biden, Bruce Dubinsky, “, ” Dubinsky, Jonathan Turley, ” Turley, Joe Biden’s, Turley, Trump’s, Ro Khanna, Witnesses, Jacquelyn Martin, ”, Jim Jordan, Drew Angerer, hasn’t, Trump, Hunter Biden, Jamie Raskin, Jim Bourg, Hunter Biden –, Raskin’s, Raskin, ” Raskin, Rudy, Rudy Giuliani, Giuliani, Kweisi, Lev Parnas, Giuliani’s, Parnas, Burisma, Jared Kushner, Hunter Biden’s, Kushner, Biden’s Organizations: CNN — House Republicans, GOP, Conservative, Republicans, CNN, House Republicans, George Washington University Law School, California Democrat, Capitol, ”, Getty, Service, Justice Department, Hunter Biden, Democratic, White, Democrats needled Republicans, AP, Biden, Burisma Holdings Locations: Ukraine, Washington ,, Hunter, California, Washington, Ukrainian, Maryland, Saudi Arabia

☆ Citadel ready to battle SEC over WhatsApp probe, Bloomberg reports
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsSept 27 (Reuters) - Billionaire Ken Griffin's Citadel will take a tougher stance against the U.S. Securities and Exchange Commission and is willing to take the regulator to court over its WhatsApp probe, Bloomberg News reported on Wednesday citing people familiar with the matter. The firms targeted by the SEC include Carlyle Group (CG.O) , Apollo Global Management(APO.N), KKR & Co (KKR.N), TPG (TPG.O), and Blackstone(BX.N), as well as some hedge funds such as Citadel. Citadel did not immediately respond to a Reuters request for comment. Reporting by Pritam Biswas in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Jim Bourg, Ken Griffin's, Pritam Biswas, Krishna Chandra Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Bloomberg, Reuters, Carlyle Group, Apollo Global Management, KKR, Co, TPG, Blackstone, Citadel, Thomson Locations: Washington, Miami, Bengaluru

☆ US SEC charges investment firm linked to Russian billionaire
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsCompanies Concord Management, Ltd FollowWASHINGTON, Sept 19 (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Tuesday charged Concord Management and its owner with failing to register with regulators while operating as an investment adviser to an unidentified billionaire former Russian official. Concord Management LLC of Tarrytown, New York, and owner Michael Matlin were operating as unregistered investment advisers to a single client, a former Russian official with apparent connections to the Russian Federation, the SEC said in a statement. Matlin founded Concord in 1999 to provide investment advice and supervise investments in U.S. private funds, the SEC said. The firm monitored investments for the Russian individual until March 2022, when the United Kingdom and European Union sanctioned the unidentified client, it said.

Persons: Jim Bourg, Michael Matlin, Matlin, Abramovich, Chris Prentice, Rami Ayyub, Katharine Jackson, Josie Kao, Mark Potter, David Gregorio Our Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Concord Management, WASHINGTON, Russian, Russian Federation, Concord, New York Times, Reuters, European Union, Thomson Locations: Washington, Tarrytown , New York, United Kingdom, New York

☆ Plug Power settles with SEC, wins dismissal of lawsuit
▼ + stars: | 2023-08-30 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

The SEC said Plug Power raised more than $5 billion from investors despite the shortcomings. Plug Power did not admit or deny wrongdoing in agreeing to settle. In a related development, U.S. District Judge Edgardo Ramos in Manhattan on Tuesday night dismissed a lawsuit accusing Plug Power of defrauding shareholders, including over a transaction with Amazon.com (AMZN.O), one of its largest customers. Plug Power provides fuel cells for electrically powered forklifts used by companies such as Amazon and Walmart (WMT.N). Plug Power did not immediately respond to requests for comment.

Persons: Jim Bourg, Latham, financials, Edgardo Ramos, Jonathan Stempel, Jonathan Oatis Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, U.S, Securities, District, Walmart, Thomson Locations: Washington, Latham , New York, U.S, Manhattan, New York

☆ SEC probes Change Company over mortgage-backed securities sold to Wall Street - Bloomberg News
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +1 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg Acquire Licensing RightsAug 28 (Reuters) - The US Securities and Exchange Commission (SEC) is probing The Change Company, a California lender that pledges to promote homeownership in underserved communities, over its mortgage-backed securities, Bloomberg News reported on Monday. "Neither Change nor its leadership is aware of any SEC investigation," the report said, citing the company. The SEC and The Change Company did not immediately respond to Reuters requests for comment. Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Jim Bourg, Steven Sugarman, Jaiveer Singh, Shailesh Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, US Securities and Exchange Commission, Bloomberg, Thomson Locations: Washington, California, Bengaluru

☆ Trump's universal tariffs would stifle economy, fuel inflation - White House
▼ + stars: | 2023-08-23 | by ( Nandita Bose | ) www.reuters.com time to read: +2 min

A view of the White House in Washington, U.S. January 18, 2021. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsWASHINGTON, Aug 23 (Reuters) - The White House said on Wednesday former President Donald Trump's proposal to impose new tariffs on all foreign imports would hurt America's working families, damage the economy and fuel inflation. Among the ideas they discussed was Trump's plan to enact a universal baseline tariff on virtually all imports to the United States if elected, the report said. "Combining a sweeping tariff tax on the middle class with more trickle-down tax welfare for rich special interests would stifle economic growth and fuel inflation," White House spokesman Andrew Bates said. Trump, Florida Governor Ron DeSantis and former UN Ambassador Nikki Haley have all called for the United States to end permanent normal trade relations with China.

Persons: Jim Bourg, Donald Trump's, America's, Trump, Andrew Bates, Bates, Biden, Xi Jinping, Ron DeSantis, Nikki Haley, Nandita Bose, Shri Navaratnam Organizations: White, REUTERS, Rights, Washington Post, U.S, Reuters, Thomson Locations: Washington , U.S, New Jersey, United States, China, Trump , Florida, Trump, Washington

The private fund industry manages $20 trillion in assets. They would also require funds to perform annual audits. "Private fund advisers, through the funds they manage, touch so much of our economy," he said at the time. The rule would require fund managers to disclose so-called "side letters" - an industry practice through which funds can offer some investors special terms - when they are financially material. Earlier, the proposed rules would require investors and private funds to re-write all their contracts.

Persons: Jim Bourg, Exchange Commission's, Gary Gensler, Andreesen Horowitz, Michelle Price, Nick Zieminski, Mark Porter Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Securities, Exchange, Citadel, Industry, Association, Alternative Investment Management Association, Thomson Locations: Washington, U.S

☆ South Korea will cooperate more with US, Japan if North's threats continue
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] U.S. President Joe Biden holds a joint press conference with Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol during the trilateral summit at Camp David near Thurmont, Maryland, U.S., August 18, 2023. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsSEOUL, Aug 21 (Reuters) - South Korean President Yoon Suk Yeol said on Monday trilateral cooperation with the United States and Japan will grow stronger if North Korea's threats increase. The summit at the Camp David presidential retreat was the first standalone meeting between the U.S. and Japan and South Korea, as they seek to project unity in the face of China's growing power and nuclear threats from North Korea. Yoon said the trilateral cooperation did not exclude other countries, and that it would contribute to freedom, peace and prosperity in the region and the world. Reporting by Soo-hyang Choi, Ju-min Park and Jihoon Lee; Editing by Christian Schmollinger and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Fumio Kishida, Yoon Suk, Camp David, Jim Bourg, Yoon Suk Yeol, Yoon, Soo, hyang Choi, Jihoon Lee, Christian Schmollinger, Stephen Coates Organizations: Japanese, South, REUTERS, Rights, U.S, Camp, Thomson Locations: Camp, Thurmont , Maryland, U.S, Rights SEOUL, United States, Japan, South Korea, Britain, Australia, India, North Korea

☆ Biden, Kishida, Yoon at historic Camp David summit
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +3 min

U.S. President Joe Biden holds a joint press conference with Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol during the trilateral summit at Camp David near Thurmont, Maryland, U.S., August 18, 2023. REUTERS/Jim Bourg Acquire Licensing RightsAug 18 (Reuters) - After meeting at Camp David on Friday, U.S. President Joe Biden, Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol spoke to reporters from all three countries for about an hour, delivering prepared remarks and answering questions. This is a new era of partnership between Japan and the Republic of Korea and the United States." JAPANESE PRIME MINISTER FUMIO KISHIDA"This has been a precious opportunity for myself to further deepen the relationship of trust and confidence." Speaking of Camp David: "It is a huge honor to have printed a fresh page in its history with this meeting."

Persons: Joe Biden, Fumio Kishida, Yoon Suk, Camp David, Jim Bourg, JOE BIDEN, Peter the Great, David, YOON SUK, Trevor Hunnicutt, Hyonhee Shin, Eric Beech, Heather Timmons, Grant McCool Organizations: Japanese, South, REUTERS, Camp, South China, ASEAN, Pacific, SOUTH, IAEA, Thomson Locations: Camp, Thurmont , Maryland, U.S, Japan, Republic of Korea, United States, Korea, Ukraine, China, Taiwan, East, South, North Korea

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