Securities and Exchange Commission

SEC Updates Cyber Attack Disclosure Guidance for Companies

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Wednesday updated guidance to public companies on how and when they should disclose cyber security risks and breaches, including disclosing potential weaknesses that have not yet been targeted by hackers.

Company Cofounded by Paul Pelosi Jr. Charged with Securities Fraud

SEC: Environmental investment company Natural Blue Resources run by criminals

Nancy PelosiThe Securities and Exchange Commission (SEC) charged a company cofounded by Paul Pelosi Jr. with fraud on Wednesday after learning that two convicted criminals were running the business. Paul Pelosi Jr., the son of House Minority Leader Nancy Pelosi (D., Calif.), was the president and chief operating officer of Natural Blue Resources Inc., an investment company he cofounded that focuses on “environmentally-friendly” ventures.

NY Bans Fund Manager Philip Falcone from Insurance Unit

Hedge fund manager Philip Falcone, banned from the securities industry for five years by U.S. regulators, is also being banned for seven years from decision-making roles at Fidelity & Guaranty Life Insurance, a unit of his firm, New York officials said on Monday.

Five Things You Need to Know About GreenTech Automotive

Terry McAuliffe’s company fails to live up to promises

When Virginia gubernatorial candidate Terry McAuliffe got involved with electric car company GreenTech Automotive he thought he hit the jackpot. Here are five things you need to know about McAuliffe’s troubled company.