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Keyword: sec

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  • SEC approves Trump Truth Social merger deal for up to $10 billion

    02/23/2024 9:14:00 AM PST · by SeekAndFind · 38 replies
    The Post Millenial ^ | 02/23/2022 | Thomas Stevenson
    The United States Securities and Exchange Commission (SEC) has approved a merger of former President Donald Trump's social media platform, Truth Social, with Digital World Acquisition Corporation (DWAC), which is a Special Purpose Acquisition Company (SPAC). There were two years of delay leading up to the deal because of an investigation into the company by regulators. Now the SEC has approved the merger of approximately $10 billion after the long wait on Wall Street, according to reporting from OANN. The Trump Media & Technology Group, which owned both companies, intends to take Truth Social public in an initial public offering...
  • SEC closes Rumble investigation in latest regulatory clearance of global free speech platforms

    02/21/2024 4:07:31 PM PST · by CFW · 8 replies
    Just the News ^ | 2/21/24 | Madeleine Hubbard
    The U.S. Securities and Exchange Commission concluded its investigation into Rumble Inc. and said it will not recommend any actions against the video-sharing website, marking the latest regulatory clearance of a social media platform promoting free speech across the globe. "We have concluded the investigation as to Rumble Inc. Based on the information we have as of this date, we do not intend to recommend an enforcement action by the Commission against Rumble Inc.," SEC Assistant Regional Director Sarah Mallett told Rumble on Tuesday in a letter obtained by Just the News. The SEC still warned that the platform may...
  • The War on ‘Woke Capital’ Is Backfiring

    02/03/2024 12:55:57 PM PST · by DallasBiff · 40 replies
    The Atlantic ^ | 1/31/24 | James Surowiecki
    One of the stranger political crusades of the past few years has been the Republican war on so-called woke capital, which has led GOP politicians across the country to adopt a kind of anti-corporate, pro-regulatory rhetoric that one normally associates with the left wing of the Democratic Party. And among the GOP’s favorite targets in this war has been ESG investing—investment funds that take “environmental, social, and governance” considerations into account. For Republicans, ESG funds are a Trojan horse, designed to smuggle progressive attitudes toward climate change, and diversity and inclusion, into executive suites and corporate boardrooms, all under the...
  • The SEC Oversteps its Powers on Climate Change

    02/02/2024 6:02:41 AM PST · by Tell It Right · 2 replies
    American Thinker ^ | 2/2/2024 | H. Sterling Burnett
    The SEC’s rule… [i]f finalized… could be the most ambitious and expensive mandate in the history of corporate finance regulation. This 500-page rule serv[ing] as the centerpiece for the SEC’s agenda on environmental, social, and governance (ESG) investing… exceeds the agency’s statutory authority. It also undermines the agency’s existing disclosure-based framework.
  • ADM Puts CFO on Leave as Farm Giant Probes Accounting

    01/24/2024 9:42:45 AM PST · by george76 · 13 replies
    Wall Street Journal ^ | Jan. 21, 2024 | Patrick Thomas
    Company says it is cooperating with the SEC after receiving a document request.. Agriculture company Archer Daniels Midland ADM .. placed its chief financial officer, Vikram Luthar, on administrative leave as it investigates accounting practices at the company. The Chicago grain merchant and commodity trader said that the continuing investigation centers around ADM’s nutrition business and that it follows a voluntary document request by the U.S. Securities and Exchange Commission. ADM said Luthar’s leave is pending an investigation by outside counsel and its board’s audit committee, focused on certain intersegment transactions in the company’s nutrition business. ADM said it is...
  • Breaking News: NYSE Withdraws Proposed Rule Change Regarding Carbon Credit “Natural Asset Companies”

    01/18/2024 6:46:56 AM PST · by Twotone · 9 replies
    Idaho Dispatch ^ | January 17, 2024 | Sarah Clendenon
    In a surprising development today, the New York Stock Exchange (NYSE) has withdrawn its proposed rule change previously submitted to the Securities and Exchange Commission (SEC) to allow “Natural Asset Companies” to be traded in the U.S. market. Idaho Dispatch explained in this article that Natural Asset Companies (NACs) were defined by the NYSE to be, “Corporations that hold the rights to the ecological performance of a defined area and have the authority to manage the areas for conservation, restoration, or sustainable management.” Also mentioned in the previous Dispatch article was the strong opposition to NACs by Marlo Oaks, the...
  • Members Initiate Probe Into SEC's Rule Change Permitting Foreign Agents and Radical Activists to Control America's National Parks and Lands

    01/17/2024 2:46:18 PM PST · by Tench_Coxe · 22 replies
    Today, House Committee on Natural Resources Chairman Bruce Westerman (R-Ark.) and Subcommittee on Oversight and Investigations Chairman Paul Gosar (R-Ariz.) led a letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler and Director Haoxiang Zhu, seeking information on a proposed rule change to permit the listing of Natural Asset Companies (NACs) on the New York Stock Exchange (NYSE).
  • Biden admin investigates Rumble: 'Playbook to try and destroy' free speech platform, CEO warns

    01/14/2024 9:10:42 AM PST · by Twotone · 28 replies
    The Blaze ^ | January 10, 2024 | Candace Hathaway
    The Biden administration's Securities and Exchange Commission recently confirmed to Wired that it is investigating free speech video platform Rumble. According to the Monday report, Wired filed a public records request in November seeking documents related to Rumble but was denied by the SEC due to the in-progress investigation. While the agency did not provide any information regarding the nature of the probe, it stated that the existence of the investigation was not an indication that Rumble had done anything illegal. The SEC's assistant general counsel for litigation and administrative practice, Melinda Hardy, told Wired, "We have confirmed with Division...
  • U.S. Securities Exchange Commission

    The SEC’s long-standing three-part mission—to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation—remains its touchstone. The core principles the agency has applied over the past 88 years to carry out this mission are timeless: requiring issuers raising capital to make full and fair disclosures to investors on a regular basis; placing heightened responsibilities on key market participants; and using SEC examination and enforcement resources to bolster those requirements and protect investors.
  • Democrats turn on Biden SEC chair over increased regulation ('a politician masquerading as a regulator')

    12/25/2023 2:14:51 PM PST · by Libloather · 12 replies
    Fox Business ^ | 12/25/23 | Brandon Gillespie
    Some House Democrats and Biden administration officials appear to be souring toward Securities and Exchange Commission (SEC) Chairman Gary Gensler over his readiness to increase regulation on certain financial industries. An already frequent target of Republican attacks, Gensler has ended 2023 drawing sharp criticism over what some have called his "outsized influence" when it comes to rulemaking and enforcement. "Gary Gensler is a politician masquerading as a regulator," Rep. Ritchie Torres, D-N.Y. said, according to a November report by Fortune. Torres, a supporter of the cryptocurrency industry, has been increasingly critical of Gensler, who has attempted to exercise greater authority...
  • Spot Bitcoin ETF Marketing Kicks Off With Bitwise Ad

    12/20/2023 5:59:55 AM PST · by son of terrence · 7 replies
    As a deadline to approve a spot bitcoin ETF nears, the marketing war has begun as issuers seek to win a share of a market some experts say will be worth billions of dollars. On Monday, Bitwise Asset Management kicked off the race to market to potential investors by showing its first video advertisement on X (formerly Twitter) featuring Jonathan Goldsmith, who tells the audience, “You know what’s interesting these days, Bitcoin.” The dialogue is a reference to Goldsmith’s notable role as the “Most Interesting Man in the World” in commercials for Dos Equis beer. About a dozen firms have...
  • Beware the SEC's Creation of 'Natural Asset' Companies

    12/14/2023 9:37:20 AM PST · by TBP · 3 replies
    Longview News-Journal ^ | December 1, 20203 | Margaret Byfield…
    To anyone who tracks the efforts of environmentalists, their policies often have an ulterior motive. They neither result in a better society nor do they produce better habitats. Their policy preferences also do not consider how using the land improves the land for man and wildlife. Instead, many environmentalists advocate for policies at the expense of farmers, miners, and others who create usable, tangible, societal benefits from the land. This often leaves observers to wonder: what are environmentalists really after? The answer is power and money. On September 29, the SEC, at the request of the NYSE, proposed a rule...
  • Treasurer Oaks opposes SEC proposal to allow for the creation of a new type of company designed to lock up private and public lands

    12/13/2023 5:48:31 AM PST · by Twotone · 6 replies
    Treasurer.Utah.Gov. ^ | December 11, 2023 | Marlo Oaks
    Treasurer Oaks opposes SEC proposal to allow for the creation of a new type of company designed to lock up private and public lands Proposal could cause significant harm to rural economies by removing land from productive use SALT LAKE CITY – December 11, 2023 – Utah Treasurer Marlo M. Oaks opposes a proposal under consideration by the Securities and Exchange Commission (SEC) that would allow for the creation and listing of a new type of company called a Natural Asset Company (NAC) on the New York Stock Exchange (NYSE). The proposal poses a significant risk to rural economies by...
  • Biden Admin Sent Billions in Tax Dollars to Fraudulent Solar Company

    12/08/2023 9:19:53 AM PST · by Red Badger · 63 replies
    SLAY News ^ | December 8, 2023 - 11:54 am | Frank Bergman
    An investigation has been launched into the U.S. Department of Energy (DOE) after Democrat President Joe Biden’s administration was found to have sent billions of dollars in taxpayers’ money to a fraudulent solar company. Biden’s DOE recently gave a $3 billion award to a solar energy company that has been accused of scamming vulnerable customers. Republican leaders in the House and Senate are probing the DOE over the move. The investigations are being led by House Energy and Commerce Chair Cathy McMorris Rodgers (R-WA) and Senate Energy and Natural Resources Ranking Member John Barrasso (R-WY). In a letter to DOE...
  • It is extremely dangerous when government bureaucrats decide who has to comply with regulations and laws and who doesn't

    11/16/2023 3:49:02 PM PST · by E. Pluribus Unum · 15 replies
    American Thinker ^ | November 16, 2023 | Jack Hellner
    Billionaire Warren Buffet believes he is special. He doesn't think he should be forced to inform the SEC when he is amassing shares in a stock because if people knew they might push up the price of additional shares. Everyone should pull out their violin. Sadly, the SEC, which is supposedly for transparency and equal administration of regulations, has allowed this nonsense, and in a sense, given him a huge kickback for almost thirty years by allowing him to amass bigger positions in secret. Here's a news item I found dating from 1997: Berkshire Trading Kept Secret Sec Grants Buffet...
  • More Biden scandal: SEC files lawsuit over business deal involving president’s brother

    10/08/2023 6:38:29 PM PDT · by CFW · 25 replies
    Just the News ^ | 10/8/23 | Charlotte Hazard
    The Securities and Exchange Commission (SEC) filed a lawsuit against a company and a business deal that directly involves President Joe Biden's brother, James Biden. The complaint was filed last week in the Southern District of Florida against Third Friday Management and a James Biden associate, Michael Lewitt. The Commission alleges the company and Lewitt participated in “fraudulent conduct and gross breaches of fiduciary duty” to their clients, investors and the fund. They said Lewitt failed to inform investors that he had taken $30 million from the fund and put it in companies that invest in distressed healthcare companies that...
  • Church Ordered to Return 10 Years of Tithes Worth $780,000, Or Lose Building

    09/07/2023 10:04:33 AM PDT · by Morgana · 48 replies
    Protestia ^ | September 7, 2023 | staff
    Messiah Lutheran Church in Joliet, Illinois, received the shock of their lives after government officials ordered them to repay nearly $800,000 in tithes given to them over the last ten years, and the clock is ticking. A FAQ created by the church explains: An unexpected, devastating crisis threatens the permanent closing of Messiah in Joliet, Illinois, a large congregation that has served the community for over 120 years. And this despite no wrongdoing or accusation of wrongdoing by the church. In January of 2021, the Securities and Exchange Commission’s (SEC) Receiver filed a federal lawsuit against Messiah demanding payment to...
  • Christian nonprofit claims it was 'debanked' by Bank of America over its religious views

    08/25/2023 2:43:35 PM PDT · by CFW · 27 replies
    Fox News ^ | 8/25/23 | Jamie Joseph
    A Christian ministry claiming it was "debanked" by Bank of America filed a consumer complaint this week to Tennessee Attorney General Jonathan Skrmetti to determine whether their accounts were closed due to religious discrimination. Indigenous Advanced Ministries – a Memphis, Tennessee-based nonprofit engaged in charitable efforts for orphaned children in Uganda through various partnerships – was warned without explanation by Bank of America in April that the organization was "operating in a business type we have chosen not to service at Bank of America" and would be closed within 30 days. In May, Bank of America sent another letter stating...
  • Ripple Labs notches landmark win in SEC case over XRP cryptocurrency

    07/13/2023 4:26:39 PM PDT · by Enlightened1 · 17 replies
    Reuters ^ | 07/13/23 | Jody Godoy
    July 13 (Reuters) - Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring. XRP was up 75% by late afternoon on Thursday, according to Refinitiv Eikon data. The ruling by U.S. District Judge Analisa Torres was the first win for a cryptocurrency company in a case brought by the U.S. Securities and Exchange Commission -- though it did also give the SEC a partial victory. While the decision is specific to...
  • ECB Official Fabio Labels Crypto As “Deleterious” With “No Societal Benefits” In Scathing Speech (The Fed And ECB Are The Deep State’s Own Printing Presses And Don’t Want Competition!)

    06/25/2023 10:03:53 AM PDT · by Kaiser8408a · 2 replies
    Confounded Interest ^ | 06/25/2023 | Anthony B. Sanders
    Yes, the ECB’s own Fabio … Panetta wants to ban any competition to Central Bank printing presses. Of course, like Elizabeth Warren (D-MA) and SEC’s Gary “The Ghoul” Genslar, he wants to protect The Deep State’s monopoly on money printing by banning competition. According to Fabio Panetta, crypto volatility and aspects of blockchain technology made digital assets only suitable for gambling… Fabio Panetta, an executive board member of the European Central Bank (ECB), has suggested a dark future for cryptocurrencies, in which digital assets may be used for little more than gambling among investors. In written remarks for a panel...