Latest U.S. Securities and Exchange Commission News

Prosecutors indict Nissan's Ghosn for underreporting pay

Dec. 10, 2018 9:28 AM EST

TOKYO (AP) — Prosecutors have charged Nissan Motor Co.'s former chairman Carlos Ghosn, another executive and the automaker itself for allegedly violating financial laws by underreporting income. The charges imposed Monday involve allegations Ghosn's pay was underreported by about 5 billion yen ($44...

The Latest: PM Abe says Japan-French ties unshakable

Dec. 10, 2018 5:53 AM EST

TOKYO (AP) — The Latest on charges against former Nissan Motor Co. chairman Carlos Ghosn, who was arrested last month on suspicion of underreporting his income (all times local): 7 p.m. Japanese Prime Minister Shinzo Abe says Japan-French relations are unshakable despite concerns over the future of Nissan...

Mayweather, DJ Khaled settle over digital coin promotions

Nov. 29, 2018 8:35 PM EST

WASHINGTON (AP) — Federal regulators said Thursday that boxing legend Floyd Mayweather and music producer DJ Khaled are paying a total $750,000 to settle charges they failed to disclose payments they received for promoting investments in digital-currency securities. The Securities and Exchange Commission...

Feds subpoena Snap over shareholder lawsuit

Nov. 14, 2018 8:18 PM EST

NEW YORK (AP) — Snap Inc. has received federal subpoenas related to a class-action lawsuit stemming from its 2017 initial public offering. The lawsuit, filed last May, claims that Snap misled investors about its user growth before going public. The company said in a statement Wednesday that it has been...

Buffett's firm invests in JP Morgan Chase, drops Walmart

Nov. 14, 2018 6:26 PM EST

OMAHA, Neb. (AP) — Investor Warren Buffett's company picked up nearly 36 million shares of JP Morgan Chase stock in the third quarter and eliminated its stake in Walmart as part of a number of changes in its portfolio. Berkshire Hathaway Inc. filed a quarterly update on its stocks with the Securities and...

Minnesota man to pay $140K for snooping, insider trading

Nov. 13, 2018 3:28 PM EST

MINNEAPOLIS (AP) — A Minnesota man snooped in his wife's work papers and used information about UnitedHealth Group's upcoming acquisitions to profit from insider trading, according to regulators. The Securities and Exchange Commission sued James Hengen for allegedly stealing information about two pending...

New Tesla chairwoman's biggest challenge is controlling Musk

Nov. 8, 2018 5:18 PM EST

DETROIT (AP) — Australian telecommunications executive Robyn Denholm brings much-needed financial and auto industry expertise to her new role as Tesla's board chairwoman, but her biggest challenge is whether she can rein in a CEO with a proclivity for misbehavior. Denholm, who has been a Tesla board member...

US regulators subpoenaed Tesla production data, company says

Nov. 2, 2018 1:58 PM EDT

DETROIT (AP) — U.S. securities investigators have subpoenaed information from Tesla about production forecasts for the Model 3 electric car that were made last year, the company acknowledged in a regulatory filing Friday. The disclosure in Tesla's quarterly financial report also says the Securities and...

Feds open criminal probe into natural gas explosions

Nov. 1, 2018 4:15 PM EDT

BOSTON (AP) — Federal prosecutors are conducting a criminal investigation into the natural gas explosions and fires that rocked three communities near Boston in September, a utility company said Thursday. NiSource, the parent company of Columbia Gas of Massachusetts, said it is cooperating with the...

GE slashes dividend, takes $22 billion charge in 3Q

Oct. 30, 2018 1:33 PM EDT

General Electric slashed its quarterly dividend and announced it will restructure its power business, as the industrial conglomerate struggles with sagging profits and a spate of bad news. The company announced a $22 billion charge in its power division and swung to a third-quarter loss that was bigger than most...