Browsing: SEC

Two investment firms agreed to pay a total of $400,000 in penalties to settle charges that the company made false and misleading statements about their use of artificial intelligence, the Securities and Exchange Commission (SEC) announced Monday. Neither of the investment companies — Toronto-based Delphia and San Francisco-based Global Predictions — admitted nor denied the civil…

A federal court on Friday halted a new federal rule that would require publicly traded companies to reveal climate change-related information.  A panel of Fifth Circuit Court of Appeals judges issued an order that pauses the rule as litigation against it plays out.  The order, from Judges Edith Jones, Stephen Higginson, and Cory Wilson —…

The Securities and Exchange Commission (SEC) accused Elon Musk on Wednesday of distorting the scope of its investigation into his 2022 purchase of Twitter as the agency attempts to force him to sit for a deposition. “Musk continues to distort the true scope of this investigation — his only hope for establishing that the SEC…

Environmental advocacy group the Sierra Club is filing a lawsuit against the Securities and Exchange Commission (SEC), claiming that the agency's new regulation does not provide investors with complete information on a company's climate risks. The Sierra Club and the Sierra Club Foundation, represented by Earthjustice, submitted the lawsuit Wednesday, joining a growing list of states that have filed challenges to the…