May 15 Federal appeals court rules Elon Musk must abide by SEC settlement over Tesla tweets By Larry Neumeister, Associated Press Elon Musk cannot back out of a settlement with securities regulators that was reached after his 2018 tweets claiming he had secured funding to take Tesla private caused the electric vehicle maker's share price to jump and led to a… Continue reading
Oct 04 Elon Musk offers to end legal fight, pay $44 billion to buy Twitter By Tom Krisher, Matt O'Brien, Randall Chase, Associated Press Elon Musk is offering to go through with his original proposal to buy Twitter for $44 billion. The Tesla CEO said in a regulatory filing Tuesday that he notified Twitter of plans to go through with the deal. Continue reading
Oct 03 Kim Kardashian settles for $1.26 million with SEC over Instagram cryptocurrency promotion By Michelle Chapman, Associated Press Kim Kardashian will pay $1.26 million to settle Securities and Exchange Commission charges that she promoted a cryptocurrency on Instagram without disclosing she'd been paid $250,000 to do so. Continue reading
Jul 25 Ex-U.S. congressman Stephen Buyer among 9 charged in insider trading cases By Larry Neumeister, Associated Press A former U.S. congressman from Indiana, technology company executives and an investment banker are among nine people charged in four separate and unrelated insider trading schemes. Continue reading
Dec 06 Trump media venture eyed by regulators names Rep. Devin Nunes as CEO By Stan Choe, Bernard Condon, Associated Press Digital World Acquisition, which is often referred to by its trading symbol of "DWAC," said it is cooperating with "the preliminary, fact-finding inquiries" by the Securities and Exchange Commission and the Financial Industry Regulatory Authority. Continue reading
Nov 01 Justices to consider key tool used by regulators in fraud cases By Associated Press The justices said Friday they will hear an appeal contending that the Securities and Exchange Commission lacks the power to seek repayment, or disgorgement, of profits from people who have been found to violate securities law. Continue reading
Sep 10 Is the rise in U.S. corporate debt cause for concern? By Daniel Bergstresser, Econofact SEC chairman Jay Clayton said the U.S. corporate debt of almost $10 trillion, which equates to half of the nation's annual GDP, "should attract our attention."… Continue reading
Apr 04 Judge urges Tesla CEO Elon Musk, SEC to settle dispute over tweets By Cathy Bussewitz, Associated Press U.S. District Judge Alison J. Nathan pressed an SEC attorney during the hearing to define the conditions under which Musk should seek approval before he tweets, and drew attention to ambiguity surrounding the rules the SEC sought to enforce. Continue reading
Mar 11 Why Elon Musk’s tweets matter to the SEC By Gretchen Frazee Securities and Exchange Commission forbids company leaders from making “untrue” or “misleading” statements in connection with their stock. Continue reading
Oct 01 New Tesla chair must rein in CEO Elon Musk at risky time for the company By Christopher Rugaber, Associated Press WASHINGTON — It won’t be an easy job. Whoever becomes the new chairman of Tesla Motors will face the formidable task of reining in Elon Musk, the charismatic, visionary chief executive with an impulsive streak, while also helping Musk achieve… Continue reading