Latest U.S. Securities and Exchange Commission News

FILE - In this March 9, 2020, file photo, Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington. Musk is threatening to pull the company’s factory and headquarters out of California in an escalating spat with local officials over reopening an electric vehicle plant. On Twitter Saturday afternoon, May 9, 2020. Musk also threatened to sue over Health Department coronavirus restrictions that have stopped Tesla from restarting production at its factory in Fremont south of San Francisco. (AP Photo/Susan Walsh, File)

Tesla shareholder suit over Elon Musk tweets remains on hold

May. 19, 2020 5:58 PM EDT

DOVER, Del. (AP) — A Delaware judge has denied a request by attorneys for Tesla shareholders to pursue a lawsuit seeking to prevent CEO Elon Musk from using his personal Twitter account to disseminate information regarding the electric vehicle and solar panel manufacturer. Vice Chancellor Joseph Slights...

In this April 17, 2020, photo, Zachary Davis poses for a photo at The Penny Ice Creamery in Santa Cruz, Calif. An investigation by The Associated Press found that the federal Paycheck Protection Program, which was supposed to provide small businesses like Davis' with access to cash to support their employees, also provided hundreds of millions of dollars to large publicly traded companies. (AP Photo/Martha Mendoza)

AP: Publicly traded firms get $365M in small-business loans

Apr. 21, 2020 9:02 PM EDT

Companies with thousands of employees, past penalties from government investigations and risks of financial failure even before the coronavirus walloped the economy were among those receiving millions of dollars from a relief fund that Congress created to help small businesses through the crisis, an Associated...

FILE - This Jan. 31, 2017, file photo, shows the entrance to SeaWorld, in Orlando, Fla. SeaWorld Entertainment is furloughing 90% of its workers because the novel coronavirus had forced the company to close its 12 theme parks. The employees will be paid through the beginning of next week. After next week, the workers will be off without pay for an uncertain time, the Orlando-based company said Friday, March 27, 2020, in a Securities and Exchange Commission filing. (AP Photo/John Raoux, File)

SeaWorld CEO resigns five months into job, cites board

Apr. 6, 2020 11:37 AM EDT

ORLANDO, Fla. (AP) — SeaWorld Entertainment's chief executive has resigned only five months into his job, becoming the third leader of the theme park company to depart in just over two years, according to a company filing released Monday. Sergio Rivera cited his disagreement with the board of directors'...

Judgment against Christian music promoter in fraud case

Apr. 2, 2020 2:11 AM EDT

FREEPORT, Maine (AP) — The Securities and Exchange Commission said it has obtained a judgment against a Maine concert promoter who it charged with operating a financial fraud related to Christian music events. The commission charged Jeffrey Wall of Freeport and his business, The Lighthouse Events, a year...