Latest U.S. Securities and Exchange Commission News

Game of Thrones: Economics of mercy and other final lessons

May. 20, 2019 2:39 PM EDT

WASHINGTON (AP) — So Daenerys broke the wheel, after all. Or at least knocked it out of alignment. The long-suffering people of Westeros get a chance at a new beginning in the final episode of HBO's epic series "Game of Thrones." But Dany won't lead the resurrection, having been stabbed to death by her...

MGM might pay $800 million in Las Vegas shooting settlement

May. 17, 2019 12:04 AM EDT

LAS VEGAS (AP) — Casino giant MGM Resorts told federal regulators Thursday it might pay up to $800 million to settle liability lawsuits stemming from the 2017 mass shooting in Las Vegas — the deadliest in modern U.S. history. "The company believes it is reasonably possible that a settlement will be...

Facebook auto-generates videos celebrating extremist images

May. 9, 2019 2:05 PM EDT

WASHINGTON (AP) — The animated video begins with a photo of the black flags of jihad. Seconds later, it flashes highlights of a year of social media posts: plaques of anti-Semitic verses, talk of retribution and a photo of two men carrying more jihadi flags while they burn the stars and stripes. It wasn't...

Kraft Heinz restates earnings over period of 2+ years

May. 6, 2019 7:41 AM EDT

Kraft Heinz is restating its financial results for the years 2016, 2017, and for the first nine months of 2018. The company said in February that it was being investigated by the Securities and Exchange Commission over its procurement operations. Kraft Heinz Co. said in a regulatory filing on Monday that several...

Ex-Heartland Payment Systems CEO to pay $250K penalty to SEC

Apr. 29, 2019 4:54 PM EDT

NEWARK, N.J. (AP) — The former chief executive officer of one of the country's largest payment processing companies has settled insider trading allegations with the Securities and Exchange Commission. Former Heartland Payment Systems CEO Robert O. Carr signed an order last week in U.S. District Court in...

Elon Musk and SEC settle dispute over Telsa CEO's tweets

Apr. 26, 2019 7:56 PM EDT

WASHINGTON (AP) — Elon Musk and U.S. securities regulators have settled their dispute over the Tesla CEO's tweets, with Musk agreeing to having his future communications regarding the electric-car maker pre-approved by a company-employed expert. The Securities and Exchange Commission and Musk reached the...

Work messaging app Slack takes next step for IPO

Apr. 26, 2019 11:31 AM EDT

NEW YORK (AP) — Work messaging platform Slack is taking the next step in filing to go public, the latest in several highly anticipated tech IPOs. In documents posted with the Securities and Exchange Commission Friday, Slack Technologies Inc. says it posted a loss of $138.9 million on revenue of $400...

Musk still working on pact with SEC to avoid contempt ruling

Apr. 25, 2019 8:40 PM EDT

SAN FRANCISCO (AP) — Elon Musk and U.S. securities regulators say they are still trying to work out an agreement that would avoid the Tesla CEO being held in contempt of court over his tweets. In a filing late Thursday, Musk and a counsel for the Securities and Exchange Commission asked U.S. District Judge...

Correction: Zinke-Gold Mining Job story

Apr. 24, 2019 12:29 PM EDT

BILLINGS, Mont. (AP) — In an April 16 article on former Interior Secretary Ryan Zinke taking a job with U.S. Gold Corp., The Associated Press erroneously reported that Zinke would receive up to $120,000 a year in expenses related to his consulting contract, citing a company filing with the U.S. Securities...

Musk, SEC get another week to reach deal in contempt case

Apr. 18, 2019 6:42 PM EDT

NEW YORK (AP) — Lawyers for Tesla CEO Elon Musk and U.S. securities regulators are getting another week to negotiate a deal to keep Musk from being found in contempt of court. Both sides say in a letter filed Thursday with a federal court in New York that they talked for over an hour this week and are...