US SEC - updates

Rappler's latest stories on US SEC

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U.S. regulators charge Tesla CEO Elon Musk with fraud

Sep 28, 2018 - 11:37 AM

The SEC says Musk's statements on going private were 'false and misleading' and that he had never discussed the plans with company officials or potential funders

MUSK. Tesla Motors CEO Elon Musk speaks at a press conference during the 67th International Astronautical Congress in Guadalajara, Mexico on September 27, 2016. Photo by Hector Guerrero/AFP


US SEC launches fake cryptocurrency 'sale' to educate about scams

May 17, 2018 - 11:21 AM

'Fraudsters can quickly build an attractive website and load it up with convoluted jargon to lure investors into phony deals,' says Owen Donley, US SEC Chief Counsel

PHONY. The US SEC has set up a fake website mimicking scam websites preying on individuals looking to make a quick buck from cryptocurrencies. Screenshot from Howeycoins.com


$35-M penalty for not telling investors of massive Yahoo hack

Apr 25, 2018 - 11:36 AM

Yahoo remained mum about the hack until more than 2 years later when it was being acquired by US telecom giant Verizon, US regulators say

Morgan Stanley penalized $1M over data theft

Jun 09, 2016 - 4:30 PM

The US Securities and Exchange Commission says the bank failed to adequately protect customer information

epa04637624 (FILE) A file photo dated 20 January 2011 shows a sign at the Morgan Stanley office in New York, New York, USA. The financial company Morgan Stanley on 25 February 2015 agreed to pay 2.6 US billion dollar to settle an investigation into its role in the 2008 financial crisis, becoming the latest firm to reach such a deal with the government. Over the past two years, Bank of America has agreed to a record settlement of 16.65 billion US dollar; Citigroup has made a seven-billion US dollar settlement; and JPMorgan Chase agreed to pay 13 billion US dollar. EPA/ANDREW GOMBERT