SEC, FINRA fine broker and Chinese clearing bank $7.2 million for suspicious penny stock sales

The Securities and Exchange Commission settled charges on Wednesday against broker-dealers Chardan Capital Markets LLC and Industrial and Commercial Bank of China Financial Services LLC, the U.S. un.....»»

Zhang Peng/LightRocket/Getty Images Chinese coffee chain Luckin Cof.....»»

Federal regulators have slapped former Wells Fargo Chief Executive John Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal. Stumpf also accepted a lifetime ban from the banking industry......»»

Federal regulators have slapped former Wells Fargo chief executive John Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal......»»

Federal regulators have slapped former Wells Fargo chief executive John Stumpf with a $17.5 million fine for his role in the bank's sales practices scandal......»»

The Chinese father who allegedly paid $6.5 million to get his daughter into Stanford University has another reason to worry: his pharmaceutical company is under scrutiny by the Shanghai stock exchange regulator over the level of its sales expenses......»»

Meme stock GameStop climbs after raising $933 million in share sales.....»»

Monro reported fourth-quarter adjusted earnings per share of 21 cents, missing the analyst consensus of 30 cents. Quarterly revenues of $310.08 million missed the street view of $320.239 million. Sales for the fourth quarter decreased 0.2%. read more.....»»

Li Auto (LI) reported Q1 2024 revenue of $3.55B, missing analyst estimates. Net earnings per ADS also missed estimates. Vehicle sales and deliveries increased. Q2 outlook predicts $4.1B - $4.3B in revenue and 105K - 110K vehicle deliveries. read more.....»»

Li Auto Inc (NASDAQ:LI) reported fiscal first-quarter 2024 revenue growth of 36.4% year-on-year to $3.55 billion, missing the.....»»

Shake Shack Inc (NYSE:SHAK) sees solid growth with Q1 FY24 sales reaching $290.5 million, though slightly below analyst forecasts. read more.....»»

Florida scammers tricked a woman into believing she won a $3 million sweepstakes, then stole $400,000 from her bank account, authorities said. Scammers took $400,000 from a woman who thought she won a $3 million sweepstakes.Getty ImagesScammer.....»»

XpresSpa Group, Inc. (NASDAQ: XSPA) shares are trading higher after the company reported better-than-expected sales results. XpresSpa Group reported first quarter sales results of $8.50 million, which beat the $2.37 million estimate. read more.....»»

The SEC says the company made misleading claims to investors from October 2015 through January 2017. Plank carried out scheduled stock sales in November 2015 and April 2016, according to regulatory filings......»»

Chinese e-commerce giant Alibaba Group Holding Ltd. posted revenue growth on stronger retail and cloud-computing results in the latest quarter, but a large fine levied by the Chinese government dragged the company to a quarterly loss......»»

Shockwave Medical Inc (NSDQ: SWAV) first-quarter FY21 sales more than double to $31.9 million beating the Wall St L.....»»

Tyson Foods Inc. stock rose 1% in Monday premarket trading after the protein manufacturer reported fiscal second-quarter earnings and sales that beat expectations. Net income totaled $476 million, or $1.30 per share, up fro.....»»

Twitter reported increased quarterly revenue on the strength of ad sales, but its user numbers fell 1 million short of analyst expectations......»»

Aphria reported revenue of $153.6 million and a $361 million net loss in the fiscal third quarter amid a COVID-19 related slowdown. Aphria Aphria stock fell as much as 15% on Monday after reporting sales and operat.....»»

Aphria reported revenue of $153.6 million and a $361 million net loss in the fiscal third quarter amid a COVID-19 related slowdown. Aphria Aphria stock fell as much as 14% on Monday after reporting sales and operat.....»»