Latest U.S. Securities and Exchange Commission News

Trump media venture eyed by regulators; names Nunes CEO

Dec. 06, 2021 20:37 PM EST

NEW YORK (AP) — Regulators are looking into the deal that would bring Donald Trump's new social media company to the stock market, one that has attracted both legions of fans of the former president and people looking to make a quick profit. The company partnering with Trump Media...

Shares of EV maker Lucid slide after disclosing SEC subpoena

Dec. 06, 2021 10:42 AM EST

SILVER SPRING, Md. (AP) — Shares in the electric vehicle startup Lucid Group tumbled Monday after saying that said it had been subpoenaed by government regulators, apparently over the process by which it became a publicly-traded company last summer. Lucid shares skidded 18% at the...

US steps up disclosure pressure on Chinese companies

Dec. 03, 2021 04:03 AM EST

WASHINGTON (AP) — Chinese companies will have to disclose more information about audits and whether they are controlled by a government or else leave U.S. stock markets under a rule approved by securities regulators. The rule approved Thursday by the Securities and...

Musk sells more Tesla shares and stock falls further

Nov. 12, 2021 16:22 PM EST

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....

EXPLAINER: How crowdfunding helps real Astroworld victims

Nov. 08, 2021 17:55 PM EST

In the hours following the pandemonium at the Astroworld Festival that left eight people dead and dozens injured, the requests for donations started multiplying on social media. Some immediately seemed genuine. The family of 16-year-old Brianna Rodriguez, a junior at...

Editorial Roundup: North Carolina

Nov. 03, 2021 13:51 PM EDT

Charlotte Observer. Oct. 31, 2021. Editorial: North Carolina just got another reminder of Richard Burr’s COVID betrayal Richard Burr has been cleared in one investigation into possible insider trading in the early days of the pandemic, but another...

Lawyer: SEC should go to Sen. Burr first in stock sale probe

Oct. 29, 2021 18:45 PM EDT

NEW YORK (AP) — The lawyer for Sen. Richard Burr’s brother-in-law told a judge Friday that U.S. regulators should question the senator before quizzing his client in a probe of whether insider trading resulted from secrets about the pandemic's true threat. Attorney...

Sen. Burr under investigation again for pandemic stock sales

Oct. 28, 2021 15:34 PM EDT

WASHINGTON (AP) — North Carolina Sen. Richard Burr and his brother-in-law are being investigated by the Securities and Exchange Commission for potential insider trading, a case that stems from their abrupt sales of financial holdings during the early days of the coronavirus pandemic,...

EXPLAINER: Just what are 'The Facebook Papers,' anyway?

Oct. 25, 2021 06:59 AM EDT

The Facebook Papers project represents a unique collaboration among 17 American news organizations, including The Associated Press. Journalists from a variety of newsrooms, large and small, worked together to gain access to thousands of pages of internal company documents obtained by Frances...

GameStop mania severely tested market system, regulator says

Oct. 18, 2021 16:38 PM EDT

NEW YORK (AP) — The U.S. stock market certainly shook when hundreds of thousands of regular people suddenly piled into GameStop early this year, driving its price to heights that shocked professional investors. But it didn't break. That's one of the takeaways from a...