SEC

The deal seeking to sell PZ Cussons Nigeria to core investors from Britain hit a brick wall midway after the Nigerian capital market watchdog sought clarification on some irregularities in the PZ board’s request for approval, sources familiar with the matter told PREMIUM TIMES. Nigeria’s Securities and Exchange Commission (SEC) raised an eyebrow after pinpointing flaws in the document by PZ Cussons Nigeria asking the regulator to endorse PZ Cussons (Holdings) UK, which has a 73.3 per cent interest in the company…

Sen. Elizabeth Warren, D-Mass., once again urged the U.S. Securities and Exchange Commission to investigate Tesla, CEO Elon Musk and the company's board of directors over what she called, "possible misappropriation of Tesla resources and conflicts of interest arising from Mr. Musk's dual role at Tesla and X— renamed from Twitter."Warren, who sits on both the Senate's banking and the armed services committees, had sent a similar request to the SEC last July, and a letter to Tesla's board chair Robyn Denholm expressing…

The senator raised concerns about potential conflicts of interest between carmaker and the private companies Elon Musk runs. The senator raised concerns about potential conflicts of interest between carmaker and the private companies Elon Musk runs. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

Genesis Global Capital LLC has agreed to pay a $21 million civil fine to settle charges that it illegally sold securities through its crypto lending program without registering them, the U.S. Securities and Exchange Commission said on Tuesday.The deal resolves January 2023 charges the SEC filed against Genesis and Gemini Trust Company LLC over their joint crypto lending program. It was one of a spate of enforcement actions the SEC has taken against large firms in the crypto sector.Elevate Your Tech Prowess with High-Value…

The plan by the British majority owner of consumer goods company PZ Cussons Nigeria to fully acquire the Lagos-listed organisation and take it private fell apart after a key regulator withheld an assent necessary to take the transaction further. “The Securities and Exchange Commission (“SEC”) has declined the company’s request for its No Objection to PZ Cussons (Holdings) Limited’s (“the majority shareholder”) intention to acquire the shares held by all the other shareholders,” a statement published on the…

Aisha Dahir-Umar, the Director General of National Pension Commission (PenCom), has described as “totally misleading” widespread reports that the Commission gave a N10 trillion loan to the Federal Government. She also responded to claims that PenCom was owing the Federal Government retirees arrears of pensions as well as insinuations that Pension Fund Administrators (PFAs) are not fulfilling their obligations to retirees with regards to access to their retirement savings. Mrs. Dahir-Umar, in a media interview at…

Mate Rimac, CEO of supercar makers Rimac and Bugatti, has commented on Elon Musk’s claim that the new Tesla Roadster is going to accelerate from 0 to 60 mph in less than 1 second with thrusters. He sees some problems with it. Tesla’s next-generation Roadster was first unveiled back in 2017. It was first supposed to come in 2020, but it has been delayed every year since. Last year, Elon Musk said that it would come in 2024. Last month, the CEO said that he had a design meeting about the new…

The SEC voted on Wednesday to require public companies to report a portion of their greenhouse gas emissions and their exposure to risks from climate change. The rules will require certain companies to report their Scope 1 and 2 emissions, those that result from direct operations and energy use, but omits Scope 3 emissions, or pollution that they generate indirectly, including throughout their supply chains or when customers use their products or services. While the new rules do not apply to…

The US Securities and Exchange Commission (SEC) adopted new rules that compel large companies to disclose their greenhouse gas emissions and tell investors how their business is affected by climate change.The new rules are weaker than what the SEC initially proposed in March 2022, which would have included a fuller picture of a company’s carbon footprint. Initially, it wanted each company to share pollution stemming from its operations, as well as emissions from its supply chain and the use of its products. Under the…

The Securities and Exchange Commission is scrutinizing internal communications by OpenAI Chief Executive Sam Altman as part of an investigation into whether the company's investors were misled. The Securities and Exchange Commission is scrutinizing internal communications by OpenAI Chief Executive Sam Altman as part of an investigation into whether the company's investors were misled. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the…