Securities And Exchange Commission News

Companies

Biggest Oil Fund and Its CEO Face Impending SEC Action

The fund was being probed over whether it had adequately disclosed risks to investors after it was forced to dramatically reshuffleUSO has long been a vehicle of choice for many traders playing the oil market

2 min read19 Aug 2020
Companies

Infy woes reach US: SEC probe, class action suit

The US lawsuit alleges Infosys caused losses to the company’s ADS holdersInfosys’s ADS price swooned after the whistleblower’s complaint became public on 21 October

3 min read25 Oct 2019
Market

5 reasons Bitcoin prices are plunging again

As of Wednesday, the price of a Bitcoin had fallen about 25% in a week and was down more than 75% from its peak in December

4 min read22 Nov 2018
Companies

Elon Musk got $1.7 billion richer in a day

Elon Musk's wealth spiked by $1.4 billion on the day of his tweets, then fell to $21.4 billion within a month

1 min read2 Oct 2018
Companies

Tesla facing US criminal probe over Elon Musk statements

Federal prosecutors opened a fraud investigation after Elon Musk tweeted last month that he was contemplating taking Tesla private and had 'funding secured' for the deal

2 min read18 Sep 2018
Companies

BlackRock wants Elon Musk replaced with independent chairman

Musk has been under pressure after tweeting on 7 August of his plans to take the company private, only to abandon the idea by August 24

1 min read31 Aug 2018
Companies

Elon Musk hires Morgan Stanley to help take Tesla private

By hiring both Goldman Sachs Group Inc. and Morgan Stanley, Musk has tied up the top two merger advisers in the US this year.

1 min read24 Aug 2018
News

Trump asks SEC to study half yearly corporate filings, instead of three months

According to US President Donald Trump, move will allow greater flexibility and also help save money

2 min read17 Aug 2018
Companies

SEC subpoenas Tesla over CEO Elon Musk’s tweets

Musk stunned investors and sent Tesla's shares soaring 11% when he tweeted early last week that he was considering taking Tesla private at $420 per share

1 min read15 Aug 2018
Companies

Walmart may launch Flipkart IPO in as early as 4 years

The Flipkart IPO should be done at no less a valuation than that at which Walmart invested in the e-commerce firm, the US retailer's filing with the US SEC said

2 min read12 May 2018
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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