SEC

SEC
SEC Regulation

EY Pays $100 Million SEC Fine Over CPA Ethics Exam Cheaters

(Bloomberg) — Ernst & Young LLP admitted that dozens of its audit personnel cheated on the ethics portion of the Certified Public Accountant exam and that the firm misled US regulators probing the misconduct, according to the Securities and Exchange Commission. The SEC announced on Tuesday that EY would pay a $100 million fine — […]

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SEC
SEC Regulation

SEC Weighs Sending Retail Stock Orders to Auctions for Execution

(Bloomberg) — The US Securities and Exchange Commission is weighing changes to stock-market rules that could force trading firms to directly compete to execute trades from retail investors, according to people familiar with the matter. A move by the SEC to press major wholesale brokerages to win auctions for orders by mom-and-pop investors would be […]

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Elon Musk
SEC
Twitter

Scrutiny of Elon Musk’s Twitter Moves Intensifies in Washington

(Bloomberg) — Elon Musk’s bid to buy Twitter Inc. is facing more scrutiny in Washington following a report that the US Securities and Exchange Commission is probing whether he broke rules last month when disclosing a large stake in the social media platform. The Wall Street Journal reported on Wednesday that the SEC is investigating […]

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SEC
U.S. Securities and Exchange Commission

SEC Chief Floats Slashing Bond-Trade Reporting to 1 Minute

(Bloomberg) — U.S. Securities and Exchange Commission Chair Gary Gensler wants to slash the amount of time that traders have to report many bond transactions as part of a bid to increase visibility into fixed-income markets. Gensler on Tuesday said that more transparency was needed across global bond markets, and that disclosures had generally failed […]

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