Securities and Exchange Commission

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

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.

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...

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.

Jay-Z’s business entities have sued a New York City licensing firm, claiming it cheated the companies as part of a “colossal accounting scandal.”

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...

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.

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....

Craig Carton, the former morning sports talk show host who was convicted of carrying out a multimillion-dollar fake ticket scam, was sentenced Friday to 3 1/2 years in prison followed by three years probation.

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...

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.

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...

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....

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...

Craig Carton, the former morning sports talk show host who was arrested for allegedly carrying out a multimillion-dollar fake ticket scam, has been found guilty on all counts.

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...

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...

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...

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...

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...