Bloomberg Law
Securities Law News

Latest Stories

US Lawmakers Reach Deal to Keep Government Open Through Sept. 30

Congressional leaders and the White House reached a handshake deal to fund the national government through Sept. 30, according to people familiar with the negotiations, after six months of bitter ideological clashes delayed finishing an annual spending plan.

Adani Calls Report on Bribery Probe by US Prosecutors False

Adani Group companies haven’t received any notice from the <-bsp-bb-link state="{"bbHref":"bbg://securities/4131761Z%20US%20Equity","_id":"0000018e-5427-d509-adee-5df79d730000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">US Department of Justice regarding a probe into whether the Indian conglomerate may have engaged in bribery, according to exchange filings.

SEC Blasted by Judge for ‘Gross Abuse of Power’ in Crypto Case

A federal judge in Utah took the extremely unusual step of sanctioning the <-bsp-bb-link state="{"bbHref":"bbg://securities/13165Z%20US%20Equity","_id":"0000018e-5445-d509-adee-5dd546400000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Securities and Exchange Commission, saying that the regulator abused its authority in a case against crypto platform Digital Licensing Inc., known as DEBT Box.

HSBC Gets Trader’s Unlawful Trading Claims Partially Dismissed

HSBC Securities USA Inc. must proceed to trial on some claims by an ex-trader who alleged he was fired in retaliation for repeatedly reporting coworkers for engaging in an illegal form of trading and for confronting a colleague about trading ahead of a purchase order for Steve Cohen’s <-bsp-bb-link state="{"bbHref":"bbg://securities/1396018D%20US%20Equity","_id":"00000183-ca31-dab8-ad8b-ea3936840002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}" style="box-sizing: inherit;">Point72 Asset Management that potentially would move prices, a federal judge ruled Monday.

Tech Tycoon Lynch Called ‘Massive Fraud’ Mastermind by US

UK tech tycoon <-bsp-person state="{"_id":"0000018e-537f-d509-adee-5bff4d130000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Mike Lynch masterminded a “massive fraud” to dupe Hewlett Packard Co. into buying his software startup for $11 billion, a US prosecutor told a jury.

Crypto Exchange OKX to Pull Tether Trading Pairs in Europe

Crypto exchange OKX is ending its support of digital currencies traded against <-bsp-bb-link state="{"bbHref":"bbg://securities/2213302D%20VI%20Equity","_id":"0000018e-5366-d509-adee-5bf7c55f0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Tether Holdings Ltd’s USDT token for users based in the European Economic Area.

Bakkt Replaces CEO as NYSE Threatens to Delist Crypto Exchange

<-rte-company state="{"_id":"0000018e-5359-d509-adee-5bd9addc0001","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Bakkt Holdings Inc. named a new chief executive officer and president as the crypto trading and custody platform faces being dropped from the New York Stock Exchange for failing to maintain listing requirements.

Evergrande Accused of Falsifying Revenue by $78 Billion

<-bsp-bb-link state="{"bbHref":"bbg://securities/3333%20HK%20Equity","_id":"0000018e-5455-d509-adee-5dd564740000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">China Evergrande Group, the defaulted developer at the heart of China’s real estate crisis, falsely inflated revenue by more than $78 billion in the two years leading up to its failure, according to the nation’s top securities regulator.

EXPLORE BLOOMBERG LAW

Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: