Elon Musk settles lawsuit over Twitter takeover for $1.5m Legal Tech tycoon Elon Musk has finally put one of his longest-running legal battles to rest after reaching a $1.5m (£1.2m) settlement with the US regulator. The US Securities and Exchange Commission (SEC) filed a civil lawsuit against the billionaire, alleging violations of securities laws in the run-up to his 2022 purchase of Twitter. Musk, who [...]
Scrap quarterly reporting for listed companies, Donald Trump says Markets President Donald Trump has called for an end to quarterly reporting for US-listed companies in what would be one of the biggest shake-ups to financial markets seen in years. The US president said companies should “no longer be forced” to report results on a quarterly basis and instead report on a six month basis, emulating [...]
Shell forced to file amended US filings after EY broke audit rules Big Four Shell is to file amended regulatory filings after Big Four firm EY told the energy giant it broke audit rules
Trump pledges to sack SEC chief at Bitcoin bash July 28, 2024 Former President Donald Trump has vowed to sack the chair of the US Securities and Exchange Commission in an attempt to end the "persecution" of the crypto industry.
SEC chief tells UK to set a firm deadline for T+1 trading settlement transition June 21, 2024 The head of the US Securities and Exchange Commission (SEC) has told the UK to set a firm deadline on when it will transition to a new share-trading settlement regime.
Ticketmaster cyber attack confirmed by parent company June 1, 2024 The ShinyHunters hacking group is reportedly demanding around £400,000 in a ransom payment to prevent the data being sold.