SEC

has filed an appeal against a judge's decision not to let him out of an agreement with the , which requires him to have lawyers review some of his tweets. A district court judge that the Tesla and SpaceX CEO's consent decree with the SEC should stand. Now, Musk is hoping the Second Circuit Court of Appeals in Manhattan will overturn that decision, as reports. Musk's pact with the SEC stems from an infamous 2018 incident in which he tweeted that he had "funding secured" to , though that allegedly wasn't the case. The…

Other than running Tesla, SpaceX, and — perhaps at some point if the buyout is complete — Twitter, Elon Musk is staying busy with yet another appeal in his case against the SEC. His beef with the government agency is, as it has been for the last several years, over the 2018 settlement he agreed to after being charged with securities fraud over a tweet about taking Tesla private. In April, US District Judge Lewis Liman was not swayed by Eminem-related arguments from Elon’s lawyers and ruled to let the agreement stand as…

US commercial electric vehicle maker Electric Last Mile Solutions Inc (ELMS) said that it is planning to file for Chapter 7 bankruptcy, after a review of its products and commercialization plans. The move comes after the Troy, Michigan-based company disclosed a probe by the US Securities and Exchange Commission and withdrew all its previously issued business outlook in March. ELMS had said the SEC was investigating matters discussed in prior filings including disagreements with an accounting firm and compliance with the…

Ericsson said on Thursday that the US securities regulator has opened an investigation concerning the matters described in the company's 2019 Iraq investigation report.The Swedish telecom equipment maker said it was fully cooperating with the United States Securities and Exchange Commission (SEC) and it was too early to determine or predict the outcome of the investigation.Ericsson disclosed in February that an internal investigation had found it may have made payments to the Islamic State militant group in Iraq -…

Securities and Exchange Commission Chairman Gary Gensler said he has asked agency staff to consider requiring brokerages to route individual investors’ orders to buy or sell stocks into auctions, as part of an effort to increase competition in the market. The potential change would represent a major shakeup to the lucrative business of executing trades in the stock market. The Wall Street Journal reported Monday that the plan was under consideration. The…

The SEC has reportedly opened an investigation into Binance to find out whether its BNB token was an unregistered security during its 2017 initial coin offering, Bloomberg. BNB coins are primarily used to pay transaction fees on Binance, currently the word’s largest crypto exchange. The company is also facing another, separate SEC — launched in February — into alleged ties between its founder and two trading firms. The DOJ, IRS and CFTC also investigations last year into the company for a number of potential criminal…

Kate Conger / New York Times: In an April 4 letter, the SEC told Elon Musk it is probing his March purchases and disclosures of Twitter stock, and whether he was truly a “passive” investor — The regulator questioned whether the Tesla chief executive had disclosed his stake at the right time. Kate Conger / New York Times: In an April 4 letter, the SEC told Elon Musk it is probing his March purchases and disclosures of Twitter stock, and whether he was truly a “passive”…

Photo: rafapress (Shutterstock)Events surrounding the purchase of Twitter are growing ever-more complicated, and it seems like by the end of this adventure, neither Tesla CEO Elon Musk nor the Twitter board will walk away unscathed.The Securities and Exchange Commission revealed Friday that it has long been investigating whether Musk had properly relayed his intentions with Twitter. The agency’s regulatory filings included a letter sent to Musk April 4 that asked for clarification on multiple discrepancies found in Musk’s…

US market authorities have asked Elon Musk to explain an apparent delay in reporting his Twitter stock buys, the agency revealed Friday, the latest questions on the methods and intent of his troubled bid for the platform.Musk became a major Twitter stockholder following the purchase of 73.5 million shares in early April, and less than two weeks later launched a hostile takeover bid.He went on to ink a $44 billion (roughly Rs. 3,41,800 crore) deal to buy the San Francisco-based company, but has since given mixed signals…

The Securities and Exchange Commission confirmed it is looking into the timing of when Elon Musk notified the market that he had bought 5% of Twitter Inc.’s TWTR 1.64% stock. The SEC, in a Friday filing, published a letter sent to Mr. Musk, dated April 4, asking why he didn’t make the required filing within 10 days of crossing the 5% threshold. Mr. Musk’s holdings topped 5% on March 14, securities filings…