SEC

Commentary / World Apr 27, 2021

When the CEO’s son makes $3 million, I worry

by Michelle Leder

Transactions with related parties, which include both relatives of and entities controlled by company insiders, have a long and checkered history.

Commentary / World Feb 8, 2021

Forget GameStop and scrutinize Chinese listed companies

by Shuli Ren

The U.S. Congress has passed a bill that could ultimately lead to kicking Chinese companies off American exchanges, but it has a generous phase-in period. That may be too long.

Business Jun 21, 2019

Walmart agrees to pay $282 million to settle Brazil unit bribe claim

Walmart Inc. has agreed to pay a total penalty of $282 million to settle charges by the U.S. Justice Department and the Securities & Exchange Commission that its Brazilian unit violated the Foreign Corrupt Practices Act. The retailer will pay more than $144 million to ...

Business Oct 2, 2018

Tesla shares surge on Model 3 numbers, Elon Musk settling row with regulators

Shares of Tesla Inc. jumped 18 percent on Monday as signs it had met targets for quarterly car production added to relief at Chief Executive Elon Musk's settling of a lawsuit with regulators that had threatened to force him out. The electric carmaker's shares sank ...

Business Oct 1, 2018

Tesla's SEC deal seen providing ammunition for U.S. probe, investor lawsuits

Tesla Inc.'s settlement with U.S. regulators will help soothe investors calling for more oversight of Chief Executive Elon Musk, experts said, even as it gives ammunition to short-sellers pursuing separate cases and to a probe by the Justice Department. Musk and Tesla will pay $20 ...

Business / Corporate | ANALYSIS Sep 28, 2018

SEC probe raises once unthinkable prospect of a Tesla without Elon Musk

by Dana Hull, Keith Naughton and David Welch

It is nearly impossible to imagine Tesla Inc. without Elon Musk — its chairman, CEO, largest shareholder and public face. But the Securities and Exchange Commission's lawsuit Thursday has raised questions about the executive's future at the electric car company, sending shares spiraling. The agency ...

Business / Corporate Sep 28, 2018

U.S. Securities and Exchange Commission sues Musk for fraud, seeks to remove him from Tesla

The U.S. Securities and Exchange Commission on Thursday accused Tesla Inc. CEO Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series of "false and misleading" tweets about potentially taking ...

Business Aug 27, 2018

Elon Musk's U-turn on Tesla deal could intensify his legal and regulatory woes

Tesla Inc. Chief Executive Officer Elon Musk's decision to abruptly abandon a plan to take his electric carmaker private will not resolve his mounting regulatory and legal woes, and may even make them worse, some securities lawyers said. Explaining his reversal in a late-night blog ...

Business Aug 16, 2018

SEC subpoenas Tesla as scrutiny grows after Goldman hints at adviser role

The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc. regarding Chief Executive Elon Musk's plan to take the company private and his statement that funding was "secured," Fox Business Network reported on Wednesday, citing sources. The electric carmaker's shares fell as much ...

Business Aug 14, 2018

Tesla's slow disclosure after Musk's tweet of going private raises governance concerns

Tesla Inc.'s handling of Chief Executive Elon Musk's proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media. Musk stunned investors Aug. 7 by announcing on Twitter ...