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The SEC is investigating Tesla over defective solar panels
The US Securities and Exchange Commission is investigating Tesla following a whistleblower complaint alleging the company failed to disclose a variety of fire risks associated with rooftop solar panels from its SolarCity division.
Igor Bonifacic12.06.2021
Another former Facebook employee has filed a whistleblower complaint
Another former Facebook employee has filed a whistleblower complaint against the company.
Karissa Bell10.22.2021
Activision Blizzard says it's cooperating with investigations into workplace practices
Meanwhile, Blizzard's chief legal officer just left the company.
Kris Holt09.21.2021
SEC opens investigation into Activision Blizzard's workplace practices
The Securities and Exchange Commission has opened a “wide-ranging” investigation into Activision Blizzard.
Igor Bonifacic09.20.2021
Peloton says it's facing federal investigations over equipment safety
Peloton said it's facing investigations from the DOJ, Homeland Security and SEC over how it reports injuries from its fitness equipment.
Jon Fingas08.29.2021
Nikola founder Trevor Milton indicted on fraud charges
Milton allegedly lied about 'nearly all aspects' of the EV business.
Kris Holt07.29.2021
Man charged for allegedly selling insider trading tips on the dark web
Apostolos Trovias faces up to 45 years in prison if convicted of money laundering and securities fraud.
Kris Holt07.12.2021
The DOJ is investigating troubled EV startup Lordstown Motors
Add a Justice Department investigation to the list of problems troubled EV startup Lordstown Motors has to contend with at the moment.
Igor Bonifacic07.02.2021
Tech giants call on the SEC to require climate impact reports from companies
Alphabet, Facebook, Amazon, Intel, eBay, Salesforce and Autodesk asked the agency to leverage global standards.
Kris Holt06.14.2021
The SEC wrote Tesla in 2019 and 2020 about Elon Musk's tweets
The SEC still isn't happy about Elon Musk's tweets, but for now it's not doing anything about them.
Richard Lawler06.01.2021
Feds allege actor's $690 million Ponzi scheme lied about selling movies to Netflix
A small-time actor has been arrested and charged with fraud for allegedly stealing hundreds of millions from investors by claiming he could sell film rights to Netflix and HBO.
Richard Lawler04.06.2021
Elon Musk and Tesla face lawsuit for allegedly violating SEC deal
Elon Musk and Tesla are facing a lawsuit accusing them of violating an SEC agreement that set conditions for Musk's tweets.
Jon Fingas03.13.2021
GameStop stock market squeeze attracts attention from Congress
The Senate Committee on Banking will hold a hearing “on the current state of the stock market,” after Reddit’s GameStop squeeze.
Karissa Bell01.28.2021
SEC fines Robinhood $65 million for misleading users
Robinhood’s issues with it boil down to two things.
Chris Velazco12.17.2020
SEC proposal could turn gig workers into stockholders
The Securities and Exchange Commission has proposed a set of rule changes that would give internet platforms like Uber the option to give gig workers equity as part of their compensation. As Axios noted, companies like Uber and Airbnb have been asking the SEC to modify its rules so that they can give company stock to their drivers and contractors for quite a while now. Under the proposed changes to Rule 701, a five-year pilot program would allow internet platforms to issue equity to their workers, so long as it’s no more than 15 percent of the value of their compensation within a 12-month period.
Mariella Moon11.25.2020
John McAfee arrested for tax evasion, charged by SEC for touting ICOs
John McAfee has been arrested in Spain, and faces charges for tax evasion, failure to file taxes and promoting cryptocurrency without admitting he had a financial interest in it.
Richard Lawler10.05.2020
US court agrees with SEC that Kik's $100 million coin offering violated the law
A US district judge for the Southern District of New York has agreed with the Securities and Exchange Commission’s assessment that Kik’s $100 million initial coin offering (ICO) in 2017 was a securities sale. Judge Alvin Hellerstein has granted SEC’s motion for summary judgment, ruling that Kik violated the Securities Act when it sold its tokens called “Kin” without the blessing of the SEC.
Mariella Moon10.01.2020
Nikola founder resigns following SEC probe into electric truck business
Following a fraud accusation by a short firm and potential probe by the US Securities Exchange Commission (SEC), Nikola founder Trevor Milton is stepping down as executive chairman.
Steve Dent09.21.2020
Robinhood reportedly facing SEC probe for selling to high-speed traders
The SEC requires brokers to disclose to investors if they use the practice, which is called “payment for order flow.” However, Robinhood didn’t put the information on its website until 2018, five years after it was founded.
Mariella Moon09.04.2020
Telegram to pay $18.5 million and return $1.2 billion following SEC crypto charges
Telegram has been fined $18.5 million for not properly following securities regulations.
Rachel England06.30.2020