• New Jersey Attorney General Jun 29

    New Jersey Attorney General Gurbir Grewal Resigning to Join SEC

    New Jersey Attorney General Gurbir Grewal will resign from his post in order to join the Securities and Exchange Commission as its Director of the Division of Enforcement, officials announced Tuesday. Grewal will start his new SEC position effective July 26. Grewal has served as the Garden State’s attorney general since January 2018 when he was appointed by Gov. Phil...

  • Fraud Mar 31

    ‘Mastermind' of $400M Ponzi Scheme Sentenced to 15 Years in Prison

    Ponzi schemer Gina Champion-Cain received the maximum sentence for fraud committed against hundreds of victims.

  • Federal Trade Commission Dec 15, 2020

    US, States Crack Down on Scams Bilking Desperate Americans

    Federal and state authorities say they are cracking down on a wave of illegal schemes that have proliferated during the pandemic and prey upon the desperation of people who have lost jobs in the outbreak’s economic upheaval

  • T.I. Sep 15, 2020

    TI Settles Federal Claim He Pushed Bogus Cryptocurrency

    Rapper and actor T.I. has settled civil charges with the U.S. Securities and Exchange Commission that he helped promote a fraudulent cryptocurrency. T.I., whose real name is Clifford Harris, agreed to a civil settlement with the SEC that was announced Friday.

  • Daniel Macht Nov 7, 2019

    Board of Directors for Google's Parent Company Investigating Executives Over Inappropriate Relationships

    Alphabet’s board of directors has opened an investigation into how executives handled claims of sexual harassment and other misconduct, including behavior of Chief Legal Officer David Drummond, who has been accused of having relationships with employees. The board has formed an independent subcommittee to look into the issues and has hired a law firm to assist with the investigation, according...

  • spokesman Sep 11, 2019

    GM Recalls Nearly 3.8M Pickups, SUVs to Fix Brake Issues

    Under pressure from the federal government, General Motors is recalling nearly 3.8 million big pickup trucks and SUVs in the U.S and Canada to fix a brake problem. There have been 113 reports of crashes and 13 injuries related to the problem, according to GM.

  • Donald Trump Jun 5, 2019

    SEC Moving to Require Brokers to Reveal Conflicts for Advice

    Federal regulators are moving to require that brokers provide their customers with detailed disclosures of their potential conflicts of interest when dispensing advice for retirement planning and other investments. But critics say the Securities and Exchange Commission’s new measure, supported by the financial industry, doesn’t go far enough to protect retail investors against abuses. They say a stricter standard advanced...

  • California May 21, 2019

    Tesla Reduces Prices on Models S and X Amid Stock Slump

    Tesla has reduced the prices of its two most expensive models, raising concerns about fading interest in its cars and whether the company can generate enough cash to pay all the bills.

  • United States Apr 27, 2019

    Elon Musk and SEC Settle Dispute Over Telsa CEO's Tweets

    Elon Musk and U.S. securities regulators have settled their dispute over the Tesla CEO’s tweets, with Musk agreeing to having his future communications regarding the electric-car maker pre-approved by a company-employed expert. The Securities and Exchange Commission and Musk reached the agreement, which they detailed in filings Friday in federal court in Manhattan. The agreement must be approved by U.S....

  • stock market Feb 27, 2019

    Oprah Winfrey's Stake in Weight Watchers Falls by $48 Million in Minutes After Shares Crater 30 Percent

    Oprah Winfrey’s stake in Weight Watchers fell by almost $48 million, at least on paper, after the dieting company released a weak earnings results Tuesday. Shares of the company cratered 30 percent after it reported disappointing fourth-quarter earnings and gave investors a weak outlook for 2019. Winfrey owns more than 5 million shares of Weight Watchers, or about 8 percent...

  • New York Feb 26, 2019

    SEC Seeks Contempt Charges Against Tesla CEO Elon Musk

    Stock market regulators are asking a federal court to hold Tesla CEO Elon Musk in contempt for violating an agreement requiring him to have his tweets about key company information reviewed for potentially misleading claims.

  • Securities and Exchange Commission Feb 23, 2019

    Warren Buffett Wants to Make an ‘Elephant-Sized' Purchase, But Says ‘Prices Are Sky-High'

    Despite a sour year in which Berkshire Hathaway posted a loss and was forced to write down $3 billion on its investments, Warren Buffett told shareholders that he wants to make a big acquisition. There is just one problem: Prices are too high. “In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire...

  • social media Nov 30, 2018

    DJ Khaled, Mayweather Settle Over Digital Coin Promotions

    Federal regulators said Thursday that boxing legend Floyd Mayweather and music producer DJ Khaled are paying a total $750,000 to settle charges they failed to disclose payments they received for promoting investments in digital-currency securities....
    The Securities and Exchange Commission said the cases are its first involving charges for violating rules on touting investments in so-called initial coin offerings, or ICOs....

  • CEO Nov 8, 2018

    Tesla Names Robyn Denholm New Board Chair

    Tesla late Wednesday announced that Robyn Denholm would take over as the chair of the company’s board, effective immediately. Denholm presently serves as the CFO and Head of Strategy at Australia’s largest telecommunications company, Telstra, according to a news release. She will replace the company’s CEO, Elon Musk. “I believe in this company, I believe in its mission and I...

  • JUDGE Oct 16, 2018

    Judge Approves Elon Musk's Tesla Settlement With SEC

    A judge approved Tesla CEO Elon Musk’s settlement with the Securities and Exchange Commission over allegations that Musk committed fraud when he said he had secured the funding needed to take Tesla private. Tesla shares jumped nearly 5 percent on the news, which was first reported by Bloomberg. The deal is a positive development for Musk and Tesla, which is...

  • United States Oct 12, 2018

    Cryptocurrencies Continue Plunge With Another $6 Billion of Value Wiped Out in a Day

    Over $6 billion was wiped off global cryptocurrency markets in a day, led by XRP and ethereum as prices of digital coins continued to fall. The entire market capitalization or value of cryptocurrencies had plunged $6.72 billion in 24 hours as of about 11:32 a.m. HK/SIN time on Friday, according to data from Coinmarketcap.com. That came after a sharp sell-off...

  • NBC Oct 5, 2018

    In Wake of Settlement, Elon Musk Taunts SEC as ‘Shortseller Enrichment Commission'

    Elon Musk on Thursday lashed out at the Securities and Exchange Commission, taking to Twitter to mock the “incredible work” of the “Shortseller Enrichment Commission.” “Just want to [say] that the Shortseller Enrichment Commission is doing incredible work. And the name change is so on point!” the Tesla Motors CEO wrote on Twitter. The jabs were posted just days after...

  • CEO Sep 27, 2018

    SEC Charges Tesla CEO Elon Musk With Fraud

    Tesla CEO Elon Musk has been sued by the Securities and Exchange Commission for fraud, according to court documents filed Thursday. Sources close to the company told CNBC the company was also expecting to be sued, though Tesla was not named as a defendant in the complaint. Shares of the automaker fell roughly 11 percent in extended trading Thursday. The...

  • CEO Sep 18, 2018

    SeaWorld, Former Execs Must Pay $5 Million to Settle Claim

    SeaWorld and two former executives have agreed to pay more than $5 million to settle fraud claims that they misled investors over the negative impact the 2013 documentary “Blackfish” had on business. The Securities and Exchange Commission on Tuesday announced the proposed settlements which are subject to court approval. The SEC’s complaint alleged SeaWorld and former CEO James Atchison made...

  • California Sep 5, 2018

    Blood-Testing Startup Theranos to Reportedly Close

    The once-heralded blood-testing startup Theranos is shutting down, according to a media report. Theranos was unable to sell itself and is now looking to pay unsecured creditors its remaining cash of about $5 million in the upcoming months, according to an email The Wall Street Journal obtained that CEO David Taylor sent to shareholders. The announcement comes nearly three months...

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