SEC

Indian conglomerate Adani Enterprises Ltd. has agreed to pay $275 million to settle U.S. allegations that it imported Iranian liquefied petroleum gas through a Dubai-based middleman while routing dollar payments through American banks, OFAC disclosed on Monday.

Lawyers for Bittrex, the shuttered U.S. cryptocurrency exchange that paid $24 million to settle a Securities and Exchange Commission lawsuit in 2023, are asking a federal judge to throw out the agreement and order the agency to return the money.

A former Deutsche Bank executive who went public with allegations that the lender’s asset-management arm overstated its environmental, social, and governance (ESG) credentials has been denied a U.S. whistleblower award because regulators say they first learned of her claims through the press.

Elon Musk has agreed to pay $1.5 million to settle U.S. Securities and Exchange Commission (SEC) allegations that he cheated Twitter shareholders in 2022 by failing to properly disclose his growing stake in the social media company.

Canadian penny stock trader John Babikian, once dubbed the “Wolf of Montreal,” obtained a new legal identity, secured residency in Latvia, and bought a luxury apartment in Dubai after disappearing from public view following a U.S. securities settlement.

Two Democratic U.S. senators pressed Securities and Exchange Commission Chairman Paul Atkins on Monday to explain the abrupt resignation of the agency’s enforcement director and whether it was tied to the SEC’s pullback from cryptocurrency cases linked to Donald Trump.

An entrepreneur who used ties to prominent academics to raise nearly $27 million for a cluster of startups ran what U.S. regulators described as an “IP-rich” and “Ponzi-like” scheme that recycled new investor money to repay earlier backers while funding a lavish personal lifestyle.

Margaret Ryan, the former head of enforcement at the U.S. Securities and Exchange Commission (SEC), resigned last week after clashing with agency leaders over the direction of the watchdog’s oversight, including cases tied to President Donald Trump, his family, and his administration.

Elon Musk’s lawyers sought to negotiate a settlement of the SEC’s case over his delayed disclosure of a Twitter stake without fully involving the agency’s litigation team, an unusual approach that surfaced in federal court earlier this month.

The U.S. Securities and Exchange Commission (SEC) said on Monday that Judge Margaret Ryan has stepped down as director of its Division of Enforcement after little more than six months on the job.