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Where the Top N.Y.C. Mayoral Candidates Stand on Key Issues

The New York City mayoral primary is just under three weeks away. Our City Hall bureau chief, Emma Fitzsimmons, highlights the two front-runners...

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Exchange’s Disciplinary Action against New Century Healthcare Holding Co. Limited (Stock Code: 1518) and Six Directors

香港聯合交易所有限公司(香港交易及結算所有限公司全資附屬公司)THE STOCK EXCHANGE OF HONG KONG LIMITED(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)   The Stock Exchange of Hong Kong Limited CENSURES:1. New Century Healthcare Holding Co. Limited (Stock Code: 1518) (Company);2. Mr Jason Zhou, executive director, chairman and CEO;3. Ms Xin Hong, executive director;4. Mr Xu Han, executive director; CRITICISES:5. Mr Jiang Yanfu, independent non-executive director;6. Mr Sun Hongbin, independent non-executive director; and7. Mr Guo Qizhi, former non-executive director; AND FURTHER DIRECTS:the Company to conduct an independent internal control review, and each of the above directors to attend training. The above parties were found to have breached various requirements under the Listing Rules in relation to a framework agreement which the Company entered into with its connected person (BJL) in 2016.  BJL was...

SEC and Ripple Wrap Up Case, Distribute $125 Million In Escrow

Ripple and the United States Securities and Exchange Commission (SEC) filed a joint motion on Thursday to release the $125 million in funds held in an escrow account to pay for settlement costs ordered by the court.According to the letter submitted by both parties, $50 million will be transferred to the SEC for the civil penalty against Ripple, with the remaining $75 million transferred back to Ripple, pending court approval. The filing attorneys wrote:"The parties’ proposed resolution will preserve the resources of the Second Circuit by avoiding the need to decide appeals, obviate any remand for further proceedings in this Court, and bring 4.5 years of hard-fought litigation to an end."The SEC lawsuit against...

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