Latest U.S. Securities and Exchange Commission News

Bed Bath & Beyond says it's in default on its loans

Jan. 26, 2023 16:36 PM EST

NEW YORK (AP) — Bed Bath & Beyond said Thursday that it's in default on its loans and doesn't have sufficient funds to repay what it owes. The home goods chain said in a Securities and Exchange Commission filing that the default would force it to consider alternatives including...

Crypto lender Genesis files for Chapter 11 bankruptcy

Jan. 20, 2023 11:05 AM EST

Crypto lending company Genesis is seeking Chapter 11 bankruptcy protection as faltering prices and the downfall of FTX continue to rattle the industry. Genesis Global Holdco LLC and two of its lending business subsidiaries, Genesis Global Capital LLC and Genesis Asia Pacific Pte....

Winklevoss twins, Genesis target of SEC crypto crackdown

Jan. 13, 2023 14:15 PM EST

NEW YORK (AP) — The Securities and Exchange Commission went after two prominent companies in the crypto community, alleging that Genesis Global Capital and the crypto exchange Gemini were selling unregistered securities through a popular program that was supposed to give high interest payments on...

SEC charges former McDonald's CEO with misleading investors

Jan. 09, 2023 15:46 PM EST

Former McDonald’s CEO Stephen Easterbrook has been charged by federal regulators with making false and misleading statements to investors about the circumstances of his firing by the burger giant in November 2019. Easterbrook was ousted for engaging in an inappropriate personal...

Ex-Sen. Burr: SEC probe into trading over with 'no action'

Jan. 06, 2023 17:17 PM EST

RALEIGH, N.C. (AP) — The U.S. Securities and Exchange Commission has concluded its investigation of former North Carolina Sen. Richard Burr related to investment sales early in the coronavirus pandemic without taking any action, Burr said on Friday. Burr, a Republican who didn’t...

Tesla closes up despite Musk selling $3.58B of its shares

Dec. 15, 2022 16:51 PM EST

AUSTIN, Texas (AP) — Shares of Tesla rose slightly Thursday despite news that CEO Elon Musk sold another $3.58 billion worth of the electric vehicle maker’s stock this week. The stock closed at $157.67, up less than 1% but still close to its two-year lows. Tesla did fare better...

Elon Musk sells $3.58B worth of Tesla stock, purpose unknown

Dec. 14, 2022 23:31 PM EST

DETROIT (AP) — Elon Musk sold another $3.58 billion worth of Tesla stock this week, but it wasn't clear where the proceeds were being spent. The Tesla CEO, and new owner of Twitter, sold the shares from Monday through Wednesday, according to a filing posted Wednesday night by the...

US charges 8 in social media 'pump-and-dump' stock scheme

Dec. 14, 2022 16:38 PM EST

WASHINGTON (AP) — The government on Wednesday charged eight men of earning more than $100 million in illicit stock market profits by manipulating their novice-investor followers on social media. The Justice Department and the Securities and Exchange Commission said that from early...

AIG unit that had big role in 2008 crisis nears official end

Dec. 14, 2022 13:37 PM EST

NEW YORK (AP) — A unit of American International Group that played an outsized role in the 2008 global financial crises is nearing its official end. AIG said Wednesday in a filing with the U.S. Securities and Exchange Commission that its Financial Products unit has filed for...

Editorial Roundup: United States

Nov. 23, 2022 11:59 AM EST

Excerpts from recent editorials in the United States and abroad: Nov. 16 The Washington Post on post-FTX cryptocurrency: The supposedly responsible face of cryptocurrency turns out to have been anything but punctilious in his dealings — which should be...