Securities and Exchange Commission
Tesla Failed to Oversee Elon Musk’s Tweets, SEC Argued in Letters
WASHINGTON—Securities regulators told Tesla Inc. TSLA -0.21% last year that Chief Executive Elon Musk’s use of Twitter had twice violated a court-ordered policy requiring his tweets to be preapproved by company lawyers, according to records obtained by The Wall Street Journal. Tesla and the Securities and Exchange Commission settled an enforcement action in 2018 alleging …
Justice Department Probes Electric-Truck Startup Nikola Over Claims It Misled Investors
The Justice Department has joined U.S. securities regulators in examining allegations that electric-truck startup Nikola Corp. misled investors by making exaggerated claims about its technology, according to people familiar with the matter. The Justice Department’s inquiry is being handled by the Manhattan U.S. attorney’s office, working in concert with the Securities and Exchange Commission, which …
The SEC is investigating Kodak’s recent 2,190% stock spike following Elizabeth Warren’s calls for action
Reuters / Steve Marcus The Securities and Exchange Commission is investigating trading of Eastman Kodak shares before the public announcement last week of a $765 million government loan to make drug ingredients, The Wall Street Journal reported on Tuesday. Kodak shares spiked as much as 2,190% in the two days after the announcement on July …
