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After Snap IPO, US regulator questions unequal voting rights
Fri, Mar 10, 2017
One of two current members of the US Securities and Exchange Commission (SEC) raised questions on Thursday for companies like Snap Inc that offer shareholders unequal voting rights stating the agency should "focus on how some innovations may prove detrimental to investors."
Morgan Stanley trims its Flipkart valuation once again
Tue, Feb 28, 2017
Morgan Stanley Institutional Fund Trust – a mutual fund arm of Morgan Stanley, in a US Securities and Exchange Commission (SEC) filing said that it has revised value of its each share in Flipkart Online Services at $50.51 per share as of December 2016, down 3.10% from $52.13 per share of September 2016.
HSBC reveals ongoing tax evasion probe in India, US, France, others
Mon, Feb 27, 2017
HSBC bank in its recently released annual report has revealed tax evasion probe carrried against the bank, HSBC Swiss Private Bank and other HSBC companies in US, France, Belgium, Argentina and India.
Snapchat IPO expected to price March 1 after market closes
Sat, Feb 18, 2017
The initial public offering of Snap Inc, owner of the popular messaging app Snapchat, is expected to price March 1 after the market closes, Fidelity Investments told brokerage clients on Friday.
Morgan Stanley to pay $8 million to settle U.S. SEC charges
Wed, Feb 15, 2017
Morgan Stanley has agreed to pay $8 million to settle charges related to single inverse exchange-traded fund investments that the firm had recommended to clients, U.S. financial regulators said on Tuesday.
LinkedIn could help Microsoft to become first tech company to attain market value of $1 trillion: Analysts
Tue, Dec 27, 2016
The $26.2 billion acquisition of LinkedIn can propel technology giant Microsoft to be the first tech company to attain a market value of $1 trillion, an analyst has said.
Wipro to pay $5 million to US SEC to settle 6-yr-old case
Sat, Dec 24, 2016
Country's third largest software services firm Wipro on Friday said it has reached an agreement with US Securities and Exchange Commission (SEC) to formally resolve a six-year old investigation and will pay $5 million (nearly Rs 33.3 crore) in civil money penalty.
Snapchat files for one of the biggest tech IPOs in years: Sources
Wed, Nov 16, 2016
A Snapchat IPO is seen by many investors as a bellwether for many of the largest so-called "unicorns," private, venture-backed companies that are valued at more than $1 billion.
Yahoo reveals more details about massive hack
Thu, Nov 10, 2016
Yahoo provided more details on Wednesday about an epic hack of its services, including that the culprits may have planted software "cookies" for ongoing access to users' accounts.