Main Street Investors Pressure SEC, Confront Wall Street on Stock Plan

Main Street investors are facing off against Wall Street in an attempt to sway the U.S. Securities and Exchange Commission in its proposed revamp of stock trading. Individuals coordinating online have flooded the SEC with more than 1,300 comment letters, mostly voicing their support, on rules the regulator proposed in December that represent the biggest […]

Trade Group Argues U.S. SEC Case Unfairly Labels Crypto as Securities

Cryptocurrency trade association Chamber of Digital Commerce is urging a federal court to dismiss a case brought by the U.S. securities regulator against ex-Coinbase employees accused of insider trading, arguing that the case unfairly labeled several crypto assets as securities. The group said in an amicus brief filed Wednesday in a district court in Washington […]

Alibaba Added to SEC's Delisting Watchlist, Shares Fall

Alibaba Group Holding Ltd on Friday became the latest company to be added to the U.S. Securities and Exchange Commission’s list of Chinese companies that might be delisted. Alibaba’s shares were down 11 percent at $89.37 at the closing bell, ending the month 21.4 percent lower. The e-commerce giant’s shares were already feeling the pressure […]

SEC fines App Annie $10 million for data misuse

The U.S. Security and Exchange Commission (SEC) publicized that mobile data and analytics firm App Annie agreed to settle on a $10 million fine for security fraud charges due to the firm’s “material misrepresentations” to its userbase and investment firms over collecting and pawning data. Founded in 2010, App Annie is deemed as one of […]