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☆ Which is hurting Alabama football more: Coaching decisions or player execution?
▼ + stars: | 2024-10-14 | by ( Kennington Smith Iii | ) www.nytimes.com time to read: +8 min

More specifically to Alabama, the chaotic last few weeks beg this question: What’s the bigger issue — coaching or player execution? The final minute of the first half against South Carolina shows plenty of room for both sides to take accountability. AdvertisementMomentum was slipping away after a South Carolina touchdown and safety cut a comfortable 14-0 Crimson Tide lead to 14-9. This week’s Alabama film study dives into the highs and lows against South Carolina and weighs the impact of coaching decisions versus player execution. Against South Carolina, it blitzed 26.8 percent of the time, contributing to a 48.8 percent pressure rate on dropbacks.

Persons: Jihaad Campbell’s, it's, Kyle Kennard, Kennard, Jaeden Roberts, Justice Haynes whiffs, didn’t, Alabama should’ve, Kalen DeBoer, that’s, Milroe, ” DeBoer, Bernard, —, Kadyn Proctor, Tyler Booker, wasn’t, Elijah Pritchett, Nick Sheridan, Josh Cuevas, Pritchett, Alabama’s, Jam Miller, Haynes, — Miller, Kane Wommack, Overton, Tim Smith, Wommack, Justin Jefferson, That’s, Deontae Lawson, Shane Beamer, muffed, Emmanuel Henderson, Jah, Marien Latham, Lawson, Cuevas, Robbie Ouzts, Kobe Prentice, Will McLelland Organizations: South, Tide, Gamecocks, Alabama, South Carolina, SEC, Carolina’s, Georgia, Crimson Tide, Vanderbilt, Kendrick Law, Kobe, whiff Locations: Alabama, South Carolina, Tennessee, Vanderbilt . South Carolina

☆ Three Dead in Senegal Protests Over Delayed Presidential Election
▼ + stars: | 2024-02-11 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +3 min

By Diadie Ba and Ngouda DioneDAKAR (Reuters) - The death toll amid protests in Senegal over the postponement of the presidential election until December has climbed to three, as concerns grow that one of the remaining democracies in coup-hit West Africa is under threat. The ministry has so far confirmed only one death, a student in the northern city of Saint-Louis on Friday. Reuters has not been able to independently confirm a reported second death: a 23-year-old merchant on the outskirts of Dakar, according to CFS. "We urge all parties to act in a peaceful and measured manner, and we continue to call on President Sall to restore the electoral calendar, restore confidence, and bring calm to the situation," it said. The postponement bill backed by parliament included the extension of his tenure until his successor is installed after the election now reset for Dec. 15.

Persons: Ba, Dione DAKAR, Macky Sall, Sall, Ndiame Diop, Louis, Guy Marius Sagna, Alessandra Prentice, Hugh Lawson Organizations: West African, ECOWAS, Cartogra Free, Reuters, Friday, U.S . Bureau, African Affairs Locations: Senegal, Africa, Dakar, Zinguinchor, Cartogra Free Senegal, Saint

☆ U.N. Peacekeeping Mission Says Staff, Vehicles Attacked in Congolese Capital
▼ + stars: | 2024-02-10 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

KINSHASA (Reuters) - The head of the U.N. peacekeeping mission in Democratic Republic of Congo said its staff and vehicles were attacked in the capital Kinshasa on Saturday as a worsening eastern security crisis fuels a backlash against the mission. Crowds on motorbikes gathered in the riverside Gombe district, where the U.N. mission known as MONUSCO and many embassies are located. A number of the mission's vehicles were torched, said MONUSCO head Bintou Keita in an online post. Photos You Should See View All 21 ImagesKinshasa police and the government did not respond to a request for comment. The fighting "could compromise food security and economic activities in Goma and the region.

Persons: Bintou Keita, OCHA, MONUSCO, Ange Kasongo, Justin Makangara, Ange Aboa, Alessandra Prentice, Barbara Lewis Organizations: Democratic, Kinshasa Locations: KINSHASA, Democratic Republic of Congo, Kinshasa, Gombe, Ivorian, Goma, North Kivu, Congo, Congolese, Abidjan

☆ Senegalese Democratic Party Requests Postponement of Presidential Election
▼ + stars: | 2024-02-02 | by ( Feb. | At P.M. | ) www.usnews.com time to read: 1 min

By Diadie Ba and Bate FelixDAKAR (Reuters) - The Senegalese Democratic Party (PDS) on Friday said it had officially requested a postponement of the Feb. 25 presidential election, citing incidents it alleged had compromised the transparency and integrity of the vote. PDS is the former ruling party of Abdoulaye Wade. Their candidate, Wade's son Karim, was disqualified from the race to succeed President Macky Sall over his supposed dual nationality. In a statement, PDS listed concerns with the constitutional court's decision-making, the elimination of candidates and other issues that it said had derailed the race. The push for a postponement "is part of our desire to preserve the integrity and transparency of the process," it said.

Persons: Ba, Bate Felix DAKAR, Abdoulaye Wade, Wade's, Karim, Macky Sall, Alessandra Prentice, Diane Craft Organizations: Senegalese Democratic Party, PDS

☆ Cameroon Launches Malaria Vaccination Programme in Global Milestone
▼ + stars: | 2024-01-22 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

(Reuters) - The global fight against malaria took a stride forward on Monday as Cameroon launched the world's first routine vaccine programme against the mosquito-borne disease that is projected to save tens of thousands of children's lives per year across Africa. After successful trials, including in Ghana and Kenya, Cameroon is the first country to administer doses through a routine immunisation programme that 19 other countries aim to roll out this year, according to global vaccine alliance Gavi. Around 6.6 million children in these countries are targeted for malaria vaccination through 2024-25. Rolling out the second vaccine "is expected to result in sufficient vaccine supply to meet the high demand and reach millions more children," the WHO's director of immunization, Kate O'Brien, said at the briefing. This R21 vaccine, developed by University of Oxford, could be launched in May or June, said Gavi's Chief Programme Officer Aurelia Nguyen.

Persons: Mohammed Abdulaziz of, Kate O'Brien, Aurelia Nguyen, Alessandra Prentice, Jennifer Rigby, Hugh Lawson Organizations: Reuters, World Health Organization, WHO, British, GSK, for Disease Control, Prevention, University of Oxford Locations: Cameroon, Africa, Ghana, Kenya

AUGUSTA, Maine (AP) — Teachers and science advocates are voicing skepticism about a Maine proposal to update standards to incorporate teaching about genocide, eugenics and the Holocaust into middle school science education. The Maine Science Teachers Association testified before the state that adding the proposed content to education standards without providing professional training for teachers could jeopardize science education. The recommended updates that are up for adoption were made by teachers, and the education department opened up the revision process to any science teachers who wanted to be involved, Mrowka said. A group of two dozen Maine science educators met several times over the summer to lead the review of the science standards, Mrowka said. The state sought public comments about the current science standards earlier in the year and received numerous comments from educators about the importance of challenging students.

Persons: —, ”, Tonya Prentice, ” Prentice, “, Joseph Graves Jr, ” Graves, Marcus Mrowka, Mrowka, ” Mrowka, Robert Ripley, ” Ripley, Alison Miller, ” Miller Organizations: —, Maine Science Teachers Association, National Center for Science Education, Maine Department of Education, Maine Legislature, The Maine Department of Education, Legislature's, Cultural Affairs Committee, Schools, Legislature, Oxford Hills School District, Bowdoin College Locations: AUGUSTA, Maine, Africa, Europe

☆ Congo opposition party says activist killed in violence at election rally
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Arlette Bashizi/File Photo Acquire Licensing RightsKINSHASA, Nov 28 (Reuters) - A Congolese youth activist was killed on Tuesday by stones pelted during an opposition campaign rally in the east-central city of Kindu, the party of presidential candidate Moise Katumbi said. "This violence ... caused the tragic death of Mr Dido Kakisingi," the party said in a statement. Kakisingi, a lawyer and father of six, was the head of a political youth league in Maniema province that supports Katumbi, the party said. They didn't even send the police to secure us," said Seth Kikuni, one of the opposition candidates backing Katumbi. The CENI election commission has promised a fair and well-run election, but all of the opposition candidates have expressed concerns about potential electoral fraud.

Persons: Moise Katumbi, Arlette, Mr Dido Kakisingi, Seth Kikuni, Stephane Kamundala, Felix Tshisekedi, Katumbi, Martin Fayulu, Denis Mukwege, Ange Kasongo, Sonia Rolley, Alessandra Prentice, Susan Fenton Organizations: Democratic, REUTERS, Rights, Congolese, United, Reuters, Peace, Thomson Locations: Kitutu, Mwenga, South Kivu province, Democratic Republic of, Congo, Rights KINSHASA, Kindu, Maniema, Africa's, United States

REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsNov 27 (Reuters) - Former Binance chief Changpeng Zhao must stay in the United States for the time being, a federal judge said on Monday, after the founder of the world's largest cryptocurrency exchange pleaded guilty to violating U.S. anti-money laundering laws. U.S. District Judge Richard Jones in Seattle said he would review whether Zhao should have to stay in the United States after the U.S. government appealed a decision by another judge allowing Zhao to return to the UAE before his Feb. 23 sentencing hearing. Last week, Zhao conceded: "I made mistakes, and I must take responsibility." The government had said it may be unable to secure Zhao's return to the United States given it has no extradition treaty with the UAE. Lawyers for Zhao disputed that he was a potential flight risk, noting that he paid a "substantial" bail package and voluntarily came to the United States to accept responsibility for his actions.

Persons: Zhao Changpeng, Binance, Benoit Tessier, Changpeng Zhao, Zhao, Richard Jones, Chris Prentice, Hannah Lang, Michelle Price, Bill Berkrot Organizations: Viva Technology, Porte de, REUTERS, United Arab, District, U.S, UAE, Binance Holdings, Justice, Lawyers, Thomson Locations: Porte, Paris, France, United States, Seattle, United Arab Emirates, Canada, Binance, New York, Washington

Oil futures traded steady ahead of next week's OPEC+ meeting, which could bring some kind of agreement on output cuts in 2024. Gold futures finished higher as the dollar index slipped against a basket of currencies on Friday. Germany's 10-year government bond yield , the benchmark for the euro area, rose 3 basis points to a 1-1/2-week high. Oil prices were steady after tumbling more than 1% on concerns over a delayed OPEC+ meeting. ($1 = 7.2111 Chinese yuan renminbi)Reporting by Chris Prentice in New York, Naomi Rovnick in London and Stella Qiu in Sydney.

Persons: Caitlin Ochs, Germany's DAX, Peter Doherty, Arbuthnot Latham, Robert Holzmann, Pierre Wunsch, Chris Prentice, Naomi Rovnick, Stella Qiu, Toby Chopra, Susan Fenton, Mark Potter, Deepa Babington Organizations: New York Stock Exchange, REUTERS, U.S, Dow Jones, Nasdaq, Hamas, P Global, European Central Bank, ECB, Bank of England, Japan's Nikkei, China's CSI, Brent, Thomson Locations: New York City, U.S, OPEC, Germany, Israel, London, Belgian, Asia, New York, Sydney

☆ US prosecutors want Binance's Zhao to remain in US until sentencing -filing
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: 1 min

NEW YORK, Nov 22 (Reuters) - U.S. prosecutors pressed a federal judge on Wednesday to require Binance Holdings founder and former chief Changpeng Zhao to remain in the continental United States before his sentencing hearing on Feb. 23, 2024, according to a court filing. The U.S. Justice Department on Wednesday urged the judge to require Zhao to stay in the United States and prevent him from returning to the United Arab Emirates before his sentencing. Zhao pleaded guilty on Tuesday to violating U.S. laws to prevent money laundering. Previously, a DOJ spoksperson told Reuters that Zhao was currently expected to stay in the Seattle area until Monday evening, but after that would be allowed to return to his residency in the UAE. Reporting by Chris Prentice; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Changpeng Zhao, Zhao, DOJ spoksperson, Chris Prentice, Leslie Adler Organizations: U.S, Binance Holdings, U.S . Justice Department, Wednesday, United, United Arab Emirates, DOJ, Reuters, Thomson Locations: United States, United Arab, Seattle, UAE

Zhao has been replaced by Richard Teng, a senior Binance executive who joined in 2021, the company said. "Binance has seen significant exchange outflows since the announcement, but relative to their total holdings, it's quite small," Nansen analysts said. By comparison, investors pulled around $1.43 billion from the crypto exchange and its U.S. affiliate in June after the U.S. Securities and Exchange Commission sued the companies. Lawyers for Zhao, who founded Binance in 2017, did not respond to requests for comment on Wednesday. Zhao paid a $175 million bail bond, with another $15 million held in a trust account, a court filing showed.

Persons: Dado Ruvic, Changpeng Zhao, Binance, Zhao, Richard Teng, Nansen, ransomware, Arthur Hayes, Hayes, Sam Bankman, Fried, Daniel Silva, Buchalter, Luc Cohen, Michelle Price, Richard Chang Organizations: REUTERS, Nansen, U.S, U.S . Securities, Exchange Commission, Islamic, Binance, Prosecutors, Justice, Reuters, Thomson Locations: al Qaeda, Islamic State, Iraq, Syria, Dubai, Seattle, United States

☆ Binance sees $956 mln in outflows after Zhao steps down to settle U.S. probe
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Zhao has been replaced by Richard Teng, a senior Binance executive who joined in 2021, the company said. "Binance has seen significant exchange outflows since the announcement, but relative to their total holdings, it’s quite small," Nansen analysts said. Investors pulled around $1.43 billion from the crypto exchange and its U.S. affiliate in June after the U.S. Securities and Exchange Commission sued the companies. While authorities have probed Zhao and Binance for years, Zhao's exit marks a dramatic development for one of the most powerful figures in the crypto industry.

Persons: Dado Ruvic, Nansen, Changpeng Zhao, Zhao, Richard Teng, Binance, Zhao's, Lisa Pauline Mattackal, Jonathan Stempel, Chris Prentice, Michelle Price, Anil D'Silva Organizations: REUTERS, Investors, U.S, U.S . Securities, Exchange Commission, Justice Department, Thomson Locations: Nansen, Dubai, Seattle, United States, Bengaluru, New York

☆ US authorities set to unveil settlement with Binance -source
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: 1 min

Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNEW YORK, Nov 21 (Reuters) - U.S. government authorities are expected to unveil a settlement with Binance Holdings on Tuesday, resolving a years-long investigation into the world's largest crypto exchange, according to a source familiar with the matter. The deal, which will include charges against individuals and resolve allegations of violations of the Bank Secrecy Act and other U.S. laws, involves multiple U.S. agencies: the Justice Department, the Commodity Futures Trading Commission and the Treasury Department's Financial Crimes Enforcement Network, the source said. Reporting by Chris PrenticeOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Chris Prentice Organizations: REUTERS, Binance Holdings, Justice Department, Futures Trading Commission, Treasury, Network, Thomson

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

☆ Binance chief will admit violating US laws as part of $4 billion deal to resolve probe
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] Zhao Changpeng, founder and chief executive officer of Binance speaks during an event in Athens, Greece, November 25, 2022. REUTERS/Costas Baltas/File photo Acquire Licensing RightsCompanies Binance Holdings Ltd FollowNEW YORK, Nov 21 (Reuters) - Binance Holdings chief Changpeng Zhao will admit violating U.S. laws as part of a deal to resolve a U.S. probe into illicit finance breaches, according to a source familiar with matter. The deal between a number of U.S. agencies and the world's largest crypto exchange will also involve charges against Binance's former compliance chief Samuel Lim, the source said. The deal will include penalties on the firm of over $4 billion, including $3.4 billion from U.S. Treasury's Financial Crimes Enforcement Network and another $968 million from the Office of Foreign Assets Control, another source familiar with the matter said. Reporting by Chris Prentice; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Zhao Changpeng, Binance, Costas Baltas, Changpeng Zhao, Samuel Lim, Chris Prentice, Lisa Shumaker Organizations: REUTERS, Binance Holdings, Treasury's, Network, Foreign Assets Control, Thomson Locations: Athens, Greece, U.S

☆ US SEC sues Kraken crypto exchange over failure to register
▼ + stars: | 2023-11-20 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 20 (Reuters) - Kraken, one of the world's largest cryptocurrency exchanges, was sued on Monday by the U.S. Securities and Exchange Commission, which accused it of illegally operating as a securities exchange without first registering with the regulator. In June, the SEC filed similar lawsuits against Binance, the world's largest cryptocurrency exchange, and Coinbase, the largest in the United States. Monday's lawsuit seeks a civil fine, disgorgement of ill-gotten gains, and a halt to acting as a crypto exchange without registering. The case is SEC v Payward Inc et al, U.S. District Court, Northern District of California, No.

Persons: Dado Ruvic, Gary Gensler's, Kraken, Gurbir Grewal, Binance, Jonathan Stempel, Chris Prentice, David Gregorio, Stephen Coates Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, Binance, Payward Inc, Payward Ventures Inc, Blockchain, Digital Currency Group, Hummingbird Ventures, Tribe Capital, Payward, Court, Northern District of, Thomson Locations: San Francisco federal, United States, San Francisco, U.S, Northern District, Northern District of California, New York

☆ US seeks more than $4 billion from Binance to end criminal case -Bloomberg News
▼ + stars: | 2023-11-20 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +3 min

A smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Negotiations between the Justice Department and Binance include the possibility that the cryptocurrency exchange's founder, Changpeng Zhao, would face criminal charges in the United States, the report said. The Bloomberg report said an announcement on the resolution could come as soon as the end of this month. A spokesperson for the Justice Department declined to comment. The DOJ probe is one of a string of legal and regulatory headaches the world's biggest crypto exchange faces in the United States.

Persons: Dado Ruvic, Changpeng Zhao, Sam Bankman, Binance, Zhao, Niket, Tom Wilson, Chris Prentice, Arun Koyyur, Maju Samuel, Bill Berkrot Organizations: REUTERS, U.S . Justice Department, Binance Holdings, Bloomberg, Justice Department, Binance, Reuters, DOJ, Securities and Exchange Commission, SEC, Futures Trading Commission, Thomson Locations: United States, Bengaluru, London, New York

[1/3] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Closely watched U.S. treasury yields slipped after auction, while global oil futures gained $2 on the prospect of supply cuts. Europe's benchmark STOXX index (.STOXX) inched up 0.1%, with energy stocks (.SXEP) leading gains. The healthcare sector (.SXDP) fell after shares in Bayer (BAYGn.DE) dropped to their lowest in 14 years. The dollar index fell to 103.26, its weakest since the start of September, as investors appeared to solidify bets that the Fed could start cutting interest rates next year.

Persons: Brendan McDermid, Dow Jones, Quincy Krosby, Krosby, Ricardo Evangelista, Goldman Sachs, Moody's, Brent, Chris Prentice, Wayne Cole, Lawrence White, Lincoln, Susan Fenton, Will Dunham, Sharon Singleton, Andrew Heavens Organizations: New York Stock Exchange, REUTERS, Nvidia, U.S, Bayer, Nasdaq, Microsoft, Nikkei, Trading, LPL, Tech, European Central Bank, NAB, Thomson Locations: New York City, U.S, SYDNEY, Thursday's U.S, United States, Europe, Italy, New York, Sydney, London

[1/3] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. The MSCI World Equity Index (.MIWD00000PUS) gained 0.38% by 10:37 a.m. EST (1537 GMT) and Europe's benchmark STOXX index (.STOXX) rose 0.08%. The tech-heavy index (.IXIC) gained 0.44% to 14,187.16, as the Dow Jones (.DJI) rose 0.25% to 35,035.33 and the S&P 500 index (.SPX) gained 0.27% to 4,526.14. The dollar index fell to 103.46, its weakest level since the start of September, as investors appeared to solidify bets that the Fed could start cutting rates next year. "Dovish minutes could trigger some downside risk for the dollar," Ricardo Evangelista, senior analyst at ActivTrades, said.

Persons: Brendan McDermid, Dow Jones, Israel, Ricardo Evangelista, Goldman Sachs, Moody's, Brent, Chris Prentice, Wayne Cole, Lawrence White, Lincoln, Susan Fenton, Sharon Singleton, Andrew Heavens Organizations: New York Stock Exchange, REUTERS, Nvidia, Global, U.S, Nasdaq, Microsoft, Nikkei, Hamas, Tech, Treasury, European Central Bank, NAB, Thomson Locations: New York City, U.S, SYDNEY, United States, Gaza, Europe, Italy, New York, Sydney, London

This raised doubts over whether SEC rules would survive a court challenge. An SEC spokesperson declined to comment on Scope 3 emissions and when the climate disclosure rules will be finalized. Even some advocates of climate action have expressed concerns about the logistical challenges of accurately calculating Scope 3 emissions. For many businesses, however, Scope 3 emissions represent more than 70% of their carbon footprint, according to consulting firm Deloitte. Some voluntary initiatives such as the International Sustainability Standards Board already specify that it is best practice to disclose Scope 3 emissions.

Persons: Rebecca Cook, Gary Gensler, Joe Biden's, Biden, Gensler, Jarrett Renshaw, Douglas Gillison, Isla Binnie, Chris Prentice, Ross Kerber, Simon Jessop, Michelle Price, Greg Roumeliotis, David Gregorio Our Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, Union, Republican, Commission, Democrat, Deloitte, Gensler, Republican SEC, Sustainability, U.S . Chamber, Commerce, Thomson Locations: Detroit , Michigan, U.S, CALIFORNIA, California, Washington, New York, Boston, London

☆ US SEC presses judge to force Elon Musk to testify in Twitter probe
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

In a document filed in federal court in San Francisco on Thursday, the SEC defended its efforts to compel Musk's testimony, saying agency officials are acting within their authority. The SEC last month said it was investigating Musk's 2022 purchases of stock in Twitter -- which Musk subsequently renamed X -- and his statements and SEC filings relating to his takeover of the social media giant. Musk had refused to attend a September interview for the probe, the SEC said. Musk and his lawyers on Nov. 2 asked the judge to deny the SEC's motion to compel his testimony, saying Musk had already testified twice and that the agency was exceeding its authority. But the SEC on Thursday rejected those claims, saying agency officials are indeed granted authority by law to seek testimony and documents as they pursue their investigative work.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Musk, Chris Prentice, Michelle Price Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, U.S . Securities, Exchange Commission, SEC, U.S, Thomson Locations: Paris, France, San Francisco

☆ Charter to pay $25 million for stock buyback controls violations, SEC says
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

Charter said in a statement that it fully cooperated with the SEC's inquiry and that its share repurchase plans were well-documented and disclosed in financial statements. "We remain committed to a share buyback program and our previously stated leverage targets," the company said. U.S. regulators have ratcheted up scrutiny of rearranged stock trading programs, known as 10b5-1 plans, in the face of criticism from lawmakers and others. The SEC last year overhauled the rules for such plans to deter insiders from trading on material information that investors do not have. Reporting by Chris Prentice in New York and Jasper Ward in Washington; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Prentice, Jasper Ward, Bill Berkrot Organizations: Communications, WASHINGTON, SEC, U.S, Securities, Exchange Commission, Thomson Locations: U.S, New York, Washington

☆ US SEC enforcement garnered nearly $5 billion in financial remedies last year
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: 1 min

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - The U.S. Securities and Exchange Commission (SEC) filed 784 enforcement actions in the fiscal year that ran through September, garnering $4.95 billion in penalties and other financial remedies, the agency said in a statement on Tuesday. The total financial remedies in fiscal 2023 were the second-highest in SEC history, following last year's record of $6.4 billion, including both disgorgement and interest in addition to civil penalties, and underscored how the agency has sought to more aggressively police violations and misconduct under Democratic leadership. Reporting by Chris PrenticeOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Chris Prentice Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, SEC, Democratic, Thomson Locations: Washington ,

Federal rules require banks to reimburse customers for payments made without their authorization, such as by hackers, but not when customers themselves make the transfer. Following its launch in 2017, Zelle grew to become one of the largest U.S. peer-to-peer payments networks by total payments. A March 2022 New York Times report that scams were flourishing on Zelle caught the attention of lawmakers frequently critical of big banks, including Senator Elizabeth Warren. He said Zelle has seen "a step-change reduction" in fraud and scam rates this year but declined to provide details. Chance said EWS has been engaging with policymakers on the need for a "holistic approach" to combating scams, including advocating for more dedicated law enforcement resources.

Persons: Jamie Dimon, Jane Fraser, Brian Moynihan, Banks, Ben Chance, Zelle, Elizabeth Warren, Warren, Dimon, EWS, Chance, ”, Trace, Carla Sanchez, Adams, we're, Lindsey Johnson, Hannah Lang, Chris Prentice, Michelle Price, Rod Nickel Organizations: JPMorgan Chase, Citigroup, Bank of America, Banking, Housing, Urban Affairs, Capitol, Warning, Reuters, Federal, JPMorgan, New York Times, Federal Trade Commission, Consumer Financial Protection Bureau, PayPal, National Consumer Law, Consumer Bankers Association, Thomson Locations: Zelle, U.S, Warren, Washington, New York

ICBC's U.S. unit told market participants on Friday it was hoping to finish the cyber review over the weekend, but the sources said they expected it would spill into next week. The cyberattack sent ripples through the U.S. Treasuries market, where ICBC acts as a broker for hedge funds and other market participants, helping them trade in the securities. The Chinese parent then injected capital into the U.S. unit, allowing it to settle the trades and pay back BNY Mellon, the sources said. They also told market participants about the capital injection but did not disclose the amount or the reason for it, the sources said. SIFMA, the trade group, organized calls for market participants with updates, the sources said.

Persons: Tingshu Wang, BNY Mellon, ransomware, ICBC, SIFMA, Janet Yellen, Lifeng, Scott Skyrm, Jack McIntyre, Harry Robertson, James Pearson, Naomi Rovinick, Yoruk, Davide Barbuscia, Chris Prentice, Mike Derby, Carolina Mandl, Laura Matthews, Paritosh, Zeba, Megan Davies, Dhara Ranasinghe, Alexander Smith, Richard Chang, Anna Driver Organizations: Asset Management, Fair for Trade, Services, REUTERS, Commercial Bank of China, U.S ., ICBC Financial Services, Securities Industry, Financial Markets Association, ICBC, Treasury, China, U.S, New York Federal Reserve, Securities, Depository Trust, Clearing Corp, Thomson Locations: Beijing, China, ICBC's U.S, U.S, San Francisco, Treasuries, Hong Kong, Shanghai, London, Amsterdam, Carolina, New York

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