WASHINGTON, Aug 28 (Reuters) – Wall Street’s top regulator moved on Wednesday to increase transparency for regulators and investors in mutual and exchange-traded funds by requiring them to report portfolio holdings on a monthly basis rather than four times a year. However, in a retreat from earlier plans, the U.S. Securities and Exchange Commission did
The Consumer Financial Protection Bureau (CFPB) rule requiring lenders to gather demographic information about small business borrowers has leapt another legal hurdle. A federal judge rejected a banking industry-backed challenge that argued that the rule’s data collection method was flawed, Reuters reported Monday (Aug. 26). U.S. District Judge Randy Crane in McAllen, Texas, ruled that the challenge
NEW YORK, Aug. 26, 2024 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Five Below, Inc. (NASDAQ: FIVE) and certain of the Company’s senior executives. If you invested in Five Below, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/five-below-inc. Investors have
Who and what exactly is invested in Elon Musk’s X Holdings, the entity behind the X platform and X.ai, is about to become a matter of public record. In a Tuesday ruling, a federal judge in California decided that a detailed corporate disclosure statement from X Holdings should be unsealed, a move that would effectively
NEW YORK, Aug. 18, 2024 (GLOBE NEWSWIRE) — Top law firm Bleichmar Fonti & Auld LLP is investigating the Thoughtworks Holdings, Inc. (“Thoughtworks” or the “Company”) (NASDAQ: TWKS) buyout by Apax Partners, L.L.P. If you invested in Thoughtworks, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/thoughtworks-holdings-inc. Why is Thoughtworks being Investigated by BFA
The Securities and Exchange Commission (SEC) charged NovaTech Ltd, its operators, Cynthia and Eddy Petion, and the company’s top promoters with running a fraudulent scheme centered on crypto assets. The defendants are charged with running a multi-level marketing company that claimed it would invest victims’ funds in crypto assets but did so with only a fraction of
One of the longest running legal cases impacting crypto’s regulatory future is potentially nearing resolution. The case, between cryptocurrency company Ripple Labs and the U.S. Securities and Exchange Commission (SEC), centers around whether Ripple’s XRP token is a security and has gone through several iterations since its 2020 start. On Wednesday (Aug. 7), the scales of justice fell
The need for more international resources to meet India’s net-zero target has made participation from international finance essential. Given GIFT-IFSC’s role as a gateway connecting India to the global economy, a key challenge is creating an enabling framework for Transition Finance in a way that attracts international investors. International Financial Services Centres Authority (“IFSCA”) has
SAN DIEGO, July 15, 2024 (GLOBE NEWSWIRE) — Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired Direct Digital Holdings, Inc. (NASDAQ: DRCT) common stock between April 17, 2023 and March 25, 2024. Direct Digital is an end-to-end, full-service programmatic advertising platform that
SAN DIEGO, June 20, 2024 (GLOBE NEWSWIRE) — Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired AXT, Inc. (NASDAQ: AXTI) securities between March 24, 2021 and April 3, 2024. AXT, Inc. describes itself as a “worldwide materials science company that develops