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Securities and Exchange Commission
Stories 1 - 20 |
Kim Kardashian Got $250K for
Post—Then Was Fined $1.26M
Oct 3, 2022 8:30 AM CDT
Kim Kardashian Got $250K for Post—Then Was Fined $1.26M
She promoted EthereumMax but didn't disclose she was paid to do so
- "ARE YOU INTO CRYPTO??? THIS IS NOT FINANCIAL ADVICE BUT SHARING WHAT MY FRIENDS JUST TOLD ME ABOUT THE ETHEREUM MAX TOKEN." So began an Instagram post Kim Kardashian posted in June 2021, in which she pushed EthereumMax’s crypto asset. She did mark it with #ad, but...
Boeing Agrees to Pay $200M
in SEC's 737 Investigation
Sep 22, 2022 6:35 PM CDT
Boeing Agrees to Pay $200M in SEC's 737 Investigation
Allegations involve misleading statements to company's investors
- Boeing will pay the federal government $200 million to settle an investigation into statements the company and its chief executive made to investors after two fatal crashes of its 737 Max jetliners. The Securities and Exchange Commission also announced Thursday that Dennis Muilenburg, the former CEO, agreed to pay another...
on Insider Trading Charges
Jul 25, 2022 5:26 PM CDT
Ex-Congressman Arrested on Insider Trading Charges
Stephen Buyer acted on nonpublic information as a corporate consultant, agency says
- Former Republican Rep. Stephen Buyer was arrested Monday on insider trading charges, one of nine people facing unrelated prosecutions. The Securities and Exchange Commission said it's launched criminal and civil cases against the former Indiana lawmaker over transactions made after he left office, the
New York Times
Those Who Catch Cheating
Cheated on Their Ethics Exams
Jun 28, 2022 11:00 AM CDT
Those Who Catch Cheating Cheated on Their Ethics Exams
Ernst & Young has to pay a $100M fine to the SEC
- It's a scandal rich in irony. Auditors with the giant accounting firm Ernst & Young—the very people whose job it is to catch cheaters—themselves cheated on exams needed to keep their licenses, reports NPR . But the irony gets richer: The accountants cheated on the
Twitter's Board Unanimously
Recommends Deal With Musk
Jun 21, 2022 10:40 AM CDT
Twitter's Board Unanimously Recommends Deal With Musk
But his purchase of the platform still has a long way to go
- The pendulum on the Elon Musk-Twitter courtship has swung from no way to it's happening to it's off to maybe it's on again . A development Tuesday keeps it squarely in the "maybe" camp. Twitter's board recommended unanimously that shareholders approve the proposed $44 billion sale...
Judge Says Musk Made
Knowingly False Statements
May 12, 2022 4:59 AM CDT
Judge Says Musk Made Knowingly False Statements
Next, a jury will need to decide how much damage he caused
- In a pre-trial ruling, a federal judge in California has determined that Elon Musk was "inaccurate and reckless" when—out of the blue one summer morning in 2018—he tweeted, "Am considering taking Tesla private at $420. Funding secured.” Musk had indeed talked to Saudi investors about...
Now Elon Musk
Is Trying to
Apr 14, 2022 6:40 AM CDT
Now Elon Musk Is Trying to Buy Twitter
Billionaire makes 'best and final offer,' with a bid to scoop up social media platform for $54.20 a share
- Over the weekend, Elon Musk tweeted : "Is Twitter dying?" If it is, the SpaceX and Tesla CEO thinks he's the one who can save it, and he's opened up his wallet to make his "best and final offer." In a Thursday filing with the Securities...
Report: SEC Has Its Eye
on Elon Musk's Brother
Feb 25, 2022 4:31 AM CST
Report: SEC Has Its Eye on Elon Musk's Brother
Kimbal Musk sold $108M in shares the day before Elon Musk posted Twitter poll
- In November, Elon Musk sold Tesla shares worth billions of dollars after polling Twitter users about the move. The Securities and Exchange Commission is now taking a close look at stock sales made by his brother, Kimbal Musk, a day before the poll was posted, the
Wall Street Journal
Tesla Tells Judge
the SEC Scrutiny
of Musk Is
Feb 17, 2022 5:16 PM CST
Tesla Tells Judge the SEC Scrutiny of Musk Is Harassment
Company says agency is picking on the CEO because he's critical of government
- The latest tit-for-tat involving Elon Musk, his company, and the Securities and Exchange Commission could again test the patience of the federal judge who oversaw the 2018 settlement limiting Musk's tweets. When the SEC complained the next year that new tweets from Musk had broken the rules, US District...
Phony 'Hollywood Success
Story' Sentenced to 20 Years
Feb 15, 2022 11:21 AM CST
Phony 'Hollywood Success Story' Sentenced to 20 Years
Actor Zachary Horwitz, aka Zach Avery, hears his fate after bilking investors in $650M Ponzi scheme
A Hollywood actor accused of running a multimillion-dollar Ponzi scheme was sentenced Monday to 20 years behind bars in federal prison, reports CNN Business . Per a DOJ release , Zachary Horwitz (aka Zach Avery), 35, was ordered by Judge Mark C. Scarsi, of the US District Court for the Central...
From Elon Musk,
a $5.7B Gift
Feb 15, 2022 8:36 AM CST
From Elon Musk, a $5.7B Gift
SEC filing indicates Musk donated 5M Tesla shares to unidentified charity or charities in November
- Elon Musk kicked off the holiday season at the end of last year with a rather large gift: about $5.7 billion in Tesla shares, donated to an unidentified charity or charities. CNN Business reports that the comped 5,044,000 shares, presented between Nov. 19 and Nov. 29, were...
Look Who's Going Public
Dec 16, 2021 6:41 AM CST
Look Who's Going Public
Reddit files for IPO, wants users to be shareholders
- Reddit is going public. The popular social media site known for "ask me anything" conservations with celebrities and the hot WallStreetBets investors forum , said late Wednesday that it has confidentially filed paperwork for an initial public offering with the Securities and Exchange Commission. "The number of shares to...
SEC Filing Puts
Call Under the
Oct 29, 2021 9:41 AM CDT
SEC Filing Puts 50-Second Burr Call Under the Microscope
Agency: Senator's brother-in-law dumped stocks after conferring with Burr in early days of pandemic
- In February 2020, Sen. Richard Burr was the head of the Senate Intelligence Committee, as well as a member of the chamber's Health, Education, Labor, and Pensions panel. He also had staffers tasked with helping out with the emerging pandemic. Those ties, and the knowledge on the coronavirus he...
SEC Complaints of Facebook
Oct 5, 2021 9:50 AM CDT
SEC Complaints of Facebook Whistleblower Revealed
In her claim, Frances Haugen cites document that says platform removes only 2% of hate speech
is sharing details of Facebook whistleblower Frances Haugen's complaints to the Securities and Exchange Commission, including her claim that the social network stoked political division by steering conservative-leaning users toward conspiracy theories. One of at least eight complaints, titled "Facebook misled investors and the public...
SEC Not Happy With 2 of
Elon Musk's Tweets: Report
Jun 2, 2021 3:24 AM CDT
SEC Not Happy With 2 of Elon Musk's Tweets: Report
'Wall Street Journal' reports on previously undisclosed correspondence
- The Securities and Exchange Commission believes Tesla CEO Elon Musk has twice violated a court order requiring the company's lawyers to approve certain tweets about Tesla before he posts them, according to documents obtained by the
Wall Street Journal
. Regulators sent letters to Tesla in 2019 and 2020 saying...
Sep 24, 2020 5:30 PM CDT
Shading Sales Figures Costs Automaker $18M
SEC takes BMW's cooperation into account
- BMW will pay an $18 million fine to settle allegations that it inflated its monthly US sales numbers for five straight years. The Securities and Exchange Commission said Thursday that the German luxury automaker kept a reserve of unreported sales that it drew on to meet monthly targets from 2015...
SEC Puts Damper
on Hertz Plan to
Jun 18, 2020 7:43 AM CDT
SEC Puts Damper on Hertz Plan to Sell Possibly 'Worthless' Stock
Car rental company wanted to dump $500M in common stock during bankruptcy proceedings
- After a tumultuous few months, Hertz now has another wrench thrown into its works. Unable to endure the coronavirus pandemic, the car rental company filed for bankruptcy protection last month, then noted Monday in a government filing that it planned to sell $500 million in common stock—all while warning...
New Influx of Whistleblower
Filings the 'Tip of the Iceberg'
in case you missed it
Jun 6, 2020 3:00 PM CDT
New Influx of Whistleblower Filings the 'Tip of the Iceberg'
Lawyers say uptick in complaints due to impact of COVID-19, people working from home
- While the coronavirus continues to wreak havoc on the economy, it's brought business to one particular group: lawyers for whistleblowers, who've been coming forward in increasing numbers since the pandemic hit. Per an SEC spokesman, the agency received 4,000 or so whistleblower complaints from the middle of...
SEC: Facebook Is
Hiding Illegal Activity
May 27, 2020 11:05 AM CDT
Whistleblowers to SEC: Facebook Is Hiding Illegal Activity
'WaPo' describes claims, including from an ex-Facebook moderator, on drug, child porn sales
- A whistleblower complaint filed with the SEC claims Facebook has failed to adequately police illegal activity on its platform, including sales of drugs and child pornography. The complaint filed Tuesday by critics, including a former Facebook content moderator, further claims Facebook has hidden the extent of illegal activity from its...
Feds Investigate Accounting
Practices at Under Armour
Nov 4, 2019 1:54 AM CST
Feds Investigate Accounting Practices at Under Armour
Sources say struggling company may have manipulated sales figures
- Under Armour Inc. is being investigated by federal authorities over its accounting practices. The athletic gear company said Sunday that it has been cooperating with the Securities and Exchange Commission and the Department of Justice on their investigations for two years, the AP reports. The company said it firmly believes...
Stories 1 - 20 |
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