DURHAM, N.C. (AP) — Federal securities regulators on Tuesday formally accused a North Carolina-based insurance magnate, an associate and their investment advisory firm of defrauding clients out of over $75 million through complex schemes involving undisclosed transactions.
Twitter's former head of security alleged that the company misled regulators about its poor cybersecurity defenses and its negligence in attempting to root out fake accounts that spread disinformation, according to a whistleblower complaint filed with U.S.
HONG KONG (AP) — Chinese e-commerce firm Alibaba said Monday that it wants to keep its shares listed in both New York and Hong Kong, days after U.S. regulators included it in a list of companies that may be delisted for not complying with auditing requirements.
SEATTLE (AP) — A former employee of the cryptocurrency exchange platform Coinbase and two others were charged by the U.S. Securities and Exchange Commission for alleged insider trading valued at more than $1.1 million, according to a lawsuit filed Thursday in U.S.
DETROIT (AP) — Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot and fake accounts.
CHARLOTTE, N.C. (AP) — Federal authorities have accused a North Carolina man of operating a $7 million Ponzi scheme that defrauded at least 75 investors and used the money he gained to make mortgage payments and pay for private schools for his children.
DETROIT (AP) — A federal judge has rejected Elon Musk’s bid to throw out a securities fraud settlement over tweets claiming that Musk had the funding to take Tesla private in 2018.
Judge Lewis Liman on Wednesday also denied a motion to nullify a subpoena of Musk seeking information about possible violations of his settlement with the U.S.
DETROIT (AP) — Tesla CEO Elon Musk is asking a federal judge to nullify a subpoena from securities regulators and throw out a 2018 court agreement in which Musk had to have someone pre-approve his posts on Twitter.
BETTENDORF, Iowa (AP) — The U.S. Securities and Exchange Commission has fined a Bettendorf insurance agent nearly $112,000 for selling unregistered securities tied to oil wells in Texas.
The agency said in filings that Cody Christopher Biggs, 39, was not registered to sell securities when he sold millions of dollars in oil and gas securities dating back to 2016.
MILWAUKEE (AP) — Federal prosecutors have charged the CEO of a Milwaukee fuel company with wire fraud after he allegedly bilked investors out of more than $6 million by exaggerating the company's performance.
BOSTON (AP) — One of five Russian nationals who authorities allege made tens of millions of dollars in illegal profits by trading shares of companies using information stolen during hacks of U.S. computer networks has been extradited to the U.S.
DETROIT (AP) — Tesla CEO Elon Musk has sold another chunk of his stock after pledging on Twitter to liquidate 10% of his holdings in the electric car maker.
Musk sold about 640,000 shares for roughly $687.3 million, according to two filings Friday with the U.S.
ATLANTA (AP) — Federal regulators have brought civil charges against a Georgia man they say defrauded investors who shared his Turkish cultural and religious background.
The U.S. Securities and Exchange Commission filed a complaint Friday in federal court in Atlanta against Omer Casurluk, who's also known as Timur Efe, and Star Chain Inc., a company he started.
PHILADELPHIA (AP) — The U.S. Securities and Exchange Commission has joined a federal probe of Pennsylvania’s largest pension fund and is seeking among other things records to determine whether improper “compensation and gifts” may have been offered staff, a newspaper reported.
Ford will cease auto production in India after logging accumulated operating losses of more than $2 billion over the past 10 years.
An end to production in India comes less than a year after Ford said it would close its three plants in Brazil, ceasing operations in a country where it had operated since 1919.
Florida Gov. Ron DeSantis — who has been criticized for opposing mask mandates and vaccine passports — is now touting a COVID-19 antibody treatment in which a top donor's company has invested millions of dollars.
CLEVELAND (AP) — The electric utility AEP Ohio said Tuesday that the Enforcement Division of the U.S. Securities and Exchange Commission has subpoenaed documents related to subsidies it has received from a now-tainted energy bill for two aging coal plants partly owned by the company.
CLEVELAND (AP) — A FirstEnergy senior vice president was fired Thursday for her “inaction” regarding a 2015 amendment to a “purported” consulting contract with someone who was later appointed as Ohio's top utility regulator, the company announced in a U.S.
BILLINGS, Mont. (AP) — In an April 16 article on former Interior Secretary Ryan Zinke taking a job with U...