Securities and Exchange Commission

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…

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…

The Securities and Exchange Commission (SEC) has approved a merger between former President Trump’s media startup and the blank-check company attempting to take his platform Truth Social public. Digital World Acquisition Corp. (DWAC) said Wednesday that the agency declared the registration statement for its merger with Trump Media & Technology Group (TMTG) to be effective. The company will announce the date of a stockholder meeting to vote on the merger within two days, it added in a press release.…

The Securities and Exchange Commission (SEC) gave the green light on Thursday for a merger between Donald Trump’s social media company and the special purpose acquisition company that will allow it to become a publicly traded company, according to a new report from the Wall Street Journal.The Elon Musk Twitter Saga, Part 1 of Who Knows?The SEC declared effective the Registration Statement on Form S-4 for the proposed business combination between Trump Media and Technology Group and Digital World Acquisition Corp after…

Magistrate Judge Laurel Beeler issued an order Saturday giving Musk, his team and the SEC a week to agree on a date and location for Musk’s testimony. In a court hearing last December, Beeler said she would issue an order if the two sides couldn’t agree on when and where the Tesla and SpaceX CEO would testify.“The parties, at least initially, agreed to a date but ultimately the respondent did not appear and resists the subpoena on the grounds that the SEC’s investigation is baseless and harassing and seeks irrelevant…

Several Republican senators slammed the Securities and Exchange Commission (SEC) on Wednesday over its “deeply troubling” conduct in a recent case against the cryptocurrency company DEBT Box. The SEC brought the case against DEBT Box in July, accusing the company of “an ongoing, sprawling, fraudulent securities offering” that defrauded investors of at least $49 million. The federal judge overseeing the case granted the agency’s request for a temporary restraining order that froze DEBT Box’s assets after…

Nearly 16 months after announcing a $24.6 billion merger, grocery chains Kroger and Albertsons continue to sell their plan to federal and state regulators, workers and customers. Union members are pushing back against the transaction with the public and policymakers. And analysts don’t see the merger as a done deal. A consultant with the financial services company Solomon Partners told reporters during a call last week that the merger between Kroger, which owns and operates King Soopers and City Market stores in Colorado,…

GM's Cruise self-driving car unit revealed probes by the U.S. Justice Department and Securities and Exchange Commission last month, after an accident in which one of its robotaxis struck a pedestrian and dragged her 20 feet.A driverless Waymo car collided with a cyclist in San Francisco on Tuesday but the bicyclist suffered only minor scratches and left the scene on their own, the company said by email.Waymo, Alphabet's autonomous driving unit, said it called the police…

Just after the stock market closed on January 9, the U.S. Securities and Exchange Commission posted on X (née Twitter) that it had approved exchange-traded funds, or ETFs, that included the cryptocurrency bitcoin. It was a massively important, potentially market-moving announcement, and one that was hotly anticipated by crypto fanatics, professional traders, and casual investors alike. There was only one problem: The SEC never posted that announcement—someone else did.Fifteen minutes after the false post went up, agency…

Autonomous vehicle operator Cruise said Thursday that federal regulators are looking into its handling of an October 2 pedestrian collision in San Francisco.“We are fully cooperating with the state and federal regulatory and enforcement agencies which have opened investigations or inquiries in connection with the incident, including the California DMV, the California Public Utilities Commission, the National Highway Traffic Safety Administration, the U.S. Department of Justice, and the U.S. Securities and Exchange…