Tag
The Securities and Exchange Commission is preparing “numerous counts” against Elon Musk, according to a letter from his lawyer that Musk posted to X. It has also “reopened an investigation into Neuralink” The Verge reported. The letter is short on specifics — such as what the charges may be, and how many Musk companies are affected. Instead, Musk’s lawyer, Alex
The U.S. Securities and Exchange Commission said on Friday it intends to seek sanctions against Elon Musk after he failed to appear for court-ordered testimony for the regulator’s probe into his $44 billion takeover of Twitter, Reuters reported. In a filing in San Francisco court, the SEC said the sanctions motion would seek an order to show cause for why
The Securities and Exchange Commission on Thursday asked a San Francisco federal court to order Elon Musk to comply with the agency’s ongoing investigation of his 2022 takeover of Twitter, the social-media platform he has since renamed X, The Wall Street Journal reported. Musk was scheduled to provide testimony to the SEC on Sept. 15 but failed to appear at
The Securities and Exchange Commission announced settled fraud charges against Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC), for making material misrepresentations in forms filed with the SEC as part of DWAC’s initial public offering and proposed merger with Trump Media & Technology Group Corp. (TMTG). The Commission finds that DWAC misled investors and the SEC by
The U.S. Securities and Exchange Commission (SEC) posted a press release “SEC Charges Crypto Asset Trading Platform Bittrex and its Former CEO for Operating an Unregistered Exchange, Broker, and Clearing Agency” From the press release: “The Securities and Exchange Commission today charged crypto asset trading platform Bittrex, Inc., and its co-founder and former CEO William Shihara for operating an unregistered
The Securities and Exchange Commission posted a press release titled: “SEC Reopens Comment Period for Proposed Amendments to Exchange Act Rule 3b-16 and Provides Supplemental Information” on April 14, 2023. From the press release: “The Securities and Exchange Commission today reopened the comment period and provided supplemental information on proposed amendments to the definition of “exchange” under Exchange Act Rule
The Securities and Exchange Commission issued crypto exchange Coinbase a Wells notice, warning the company that it identified potential violations of U.S. securities law, CNBC reported. According to CNBC, Coinbase shares fell nearly 12% in extended trading after the news broke on Wednesday, adding to an 8.16% drop during regular trading hours. “Based on discussions with the Staff, the Company