Proposal Denied! SEC Rejects Plan to Allow New Capital Raises Through Direct Listings
NYSE’s new idea hits a roadblock.
Regulation
Chicago Hedge Fund Adviser, Executives Charged with Fraud
SEC alleges firm overcharged investors by inflating fund values.
Connecticut Moves to Embrace ‘First-of-its-Kind’ Gun Divestment Policy
State treasury plans to divest from civilian gun manufacturers to mitigate the national gun violence crisis.
Washington State Investment Board Advances Lawsuit Against Brazilian Company
Court gives green light to WSIB for its bribery case against Brazilian construction company Odebrecht.
Senators Rebuke Federal Pension’s Criticisms of China Investment Ban
Sponsors of the bill says the pension board must either be ‘unaware’ or ‘purposefully misleading.’
Investment Advisor’s Registration Revoked over Alleged Fraud
SEC says International Investment Group sold at least $60 million in fake loan assets.
SEC Stops Ponzi Scheme Targeting Seniors, Small Businesses
Alleged fraudsters invested funds in ‘calamitous trading strategy.’
Here’s How to Boost Tax Collection, Says Larry Summers
Increase IRS audits, which are shrinking. This would help narrow the budget deficit, ex-Treasury secretary contends.
Texas Public Pension Funds Set Financial Health Record
State and local pension funds’ soundness improves from last year.
Trustee Pleads Guilty to Defrauding Disability Charity Pension
Patrick McLarry admitted to stealing £250,000 from pension plan he oversaw.
US Senators Introduce Miner Pension Rescue Bill
Bipartisan legislation aims to protect pensions for 92,000 coal miners.
SEC Extends Enforcement Reach in 2019
Money returned to swindled investors jumps 50% to $1.2 billion.
SEC Charges Adviser over Ponzi Scheme Targeting Haitians
Ruless Pierre, who targeted family and friends, could face 45 years in prison.
Congress Eyes Barring Federal Pension Investments in China
An independent government body had been preparing to invest in a global index that has 7.5% Chinese stocks.
CalSTRS Says SEC Proposal Weakens Corporate Accountability
Pension giant scolds regulator for attempt ‘to solve problems that simply do not exist.’