SEC Orders ICO Startup to Return $25.5M to Investors

2020-05-29

The United States Securities and Exchange Commission (SEC) has ordered cryptocurrency firm BitClave to return $25.5 million to investors. In a May 28 announcement, the SEC announced charges against the California-based cryptocurrency startup. The regulator found BitClave to be responsible for selling unregistered securities in its initial coin offering. Chief ofRead More →

Welcome to the adult table, SEC says to ETFs

2019-09-26

Reuters The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters. Exchange-traded funds are growing up – and regulators are taking notice. On Thursday, the Securities and Exchange Commission passed a long-awaited ruling giving ETFs their own set of regulations, a step that willRead More →

Tesla CEO Elon Musk, SEC settle latest Twitter beef

2019-04-26

Tesla Inc. Chief Executive Elon Musk and the Securities and Exchange Commission announced a settlement stemming from their latest Twitter beef Friday afternoon. According to a court filing, the two sides agreed to amend the original settlement to be more specific about exactly what types of statements Musk must haveRead More →

Tesla looks to make major changes to board amid SEC fight

2019-04-19

As Tesla Inc. discusses potential ramifications for Chief Executive Elon Musk’s actions with the Securities and Exchange Commission, it disclosed a dramatic change to its board of directors late on Good Friday. In a proxy filing with the SEC, Tesla TSLA, +0.75%  said that four independent directors will step down.Read More →