Posts filtered by tags: U.S Securities and Exchange Commission[x]


 

Elon Musk defends tweets in SEC’s contempt proceedings

Tesla CEO Elon Musk argued Friday that his Twitter use did not violate a settlement agreement with the U.S. Securities and Exchange Commission and that the agency’s request to have him held in contempt is based on a “radical interpretation” of the order, according to court papers filed in Manhattan federal court. The SEC has asked a judge to hold Musk in contempt for violating a settlement agreement reached last year over Musk’s now infamous “funding secured” tweet. Under that agreement, Musk...
Tags: Automotive, Transportation, Cars, Elon Musk, Tesla, Tesla Model S, The Boring Company, Twitter, U.S. Securities and Exchange Commission


Tesla sues former employees, Zoox for alleged trade secret theft

Tesla has filed a pair of lawsuits against a handful of former employees who went to work at self-driving vehicle startup Zoox and Chinese EV automaker Xiaopeng. The separate lawsuits filed late Wednesday allege former Tesla employees stole trade secrets and used them at their new places of employment. Tesla declined to comment on either lawsuit. Zoox and Xiaopeng, also known as XPeng have not responded to requests for comment. TechCrunch will update the article once either company resp...
Tags: Transportation, Elon Musk, Tech, Tesla, Automotive, Musk, Tesla Model 3, Autopilot, Aurora, U S Securities and Exchange Commission, Tripp, Cao, Sterling Anderson, Zoox, Xiaopeng, Martin Tripp


$800K Wells Fargo penalty OK'd in Schilling video game deal

A federal judge has approved an agreement for Wells Fargo Securities to pay an $800,000 civil penalty to end a lawsuit by the U.S. Securities and Exchange Commission over Rhode Island's failed $75 million deal with former Boston Red Sox pitcher Curt Schilling's video game company, 38 Studios.
Tags: Finance, Article, Associated Press, Boston Red Sox, Rhode Island, Wells Fargo, Providence, U S Securities and Exchange Commission, FBN, Curt Schilling, Wells Fargo Securities, Fbn/markets, Fox-business/markets, R.I, D0d4fe16-90e9-5c83-bfd0-09cae62134b6


JMP Group sells 50.1 pct of JMP Credit Advisors to Medalist Partners

JMP Group LLC said March 20 that it sold 50.1 percent of JMP Credit Advisors LLC to Medalist Partners LP and 4.9 percent to management employees. JMP Group will retain 45 percent. JMPCA was renamed Medalist Partners Corporate Finance LLC. Based out of Atlanta, Medalist Partners is an RIA that manages three CLOs with $1.2 billion in combined assets. PRESS RELEASE SAN FRANCISCO–(BUSINESS WIRE)–JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today t...
Tags: Trends, M&a, BNP Paribas, SEC, Financial Services, Jmp, JMP Securities, U S Securities and Exchange Commission, RIA, Dechert LLP, Analysis of Financial Condition, HCAP, JMP Securities LLC, SAN FRANCISCO BUSINESS WIRE JMP Group LLC NYSE, JMP Group, JMP Credit Advisors


NY-Based Goldman Sachs and Wells Fargo Turn Back Investor Climate Change Resolutions

In-house lawyers at Wells Fargo and Goldman Sachs have successfully fought off climate-related proxy resolutions sought by activist investors with the U.S. Securities and Exchange Commission recently granting the banks' motions to exclude the resolutions from shareholder consideration.
Tags: Science, Goldman Sachs, Wells Fargo, U S Securities and Exchange Commission


Musk-SEC Battle Rages On; Regulator Claims Tesla CEO’s Twitter Account Is Still the Wild West

There’s no shortage of distractions coming out of Tesla to take the focus away from a smoldering legal battle between the automaker and its favorite foe, the U.S. Securities and Exchange Commission. The SEC, however, isn’t easily led astray by retail store turmoil and the promise of a crossover with no home. The regulator has […] The post Musk-SEC Battle Rages On; Regulator Claims Tesla CEO’s Twitter Account Is Still the Wild West appeared first on The Truth About Cars.
Tags: Elon Musk, Lawsuit, Social Media, Tesla, Autos, SEC, Law And Order, Musk, U S Securities and Exchange Commission, News Blog


Wells Fargo agrees to $800,000 penalty in 38 Studios case

PROVIDENCE, R.I. (AP) — Wells Fargo Securities has agreed to pay an $800,000 civil penalty to settle a U.S. Securities and Exchange Commission lawsuit over Rhode Island’s failed $75 million deal with former Boston Red Sox pitcher Curt Schilling’s video game company. Wells Fargo and the SEC announced the proposed settlement in court filings Monday. […]
Tags: Business, News, Sports, Ap, Nation, SEC, Boston Red Sox, Rhode Island, Wells Fargo, Providence, U S Securities and Exchange Commission, Curt Schilling, Wells Fargo Securities


SEC pushes court to hold Elon Musk in contempt over Tesla tweets

Tesla CEO Elon Musk is in blatant violation of a settlement agreement reached last year over securities fraud allegations, the U.S. Securities and Exchange Commission said in a biting response to the court that argued the billionaire entrepreneur be held in contempt. The response, which was filed late Monday, is the latest salvo in the agency’s fight with Musk that was sparked by the now infamous “funding secured” tweet. The SEC filed a complaint in federal district court in September alle...
Tags: Transportation, Elon Musk, Washington, Court, Tech, Tesla, Automotive, Shanghai, SEC, Epa, Model S, Musk, Model 3, U S Securities and Exchange Commission, Model Y, Dane Butswinkas


U.S. SEC sues Volkswagen, Winterkorn over 'Dieselgate'

The U.S. Securities and Exchange Commission sued Volkswagen AG and its former chief executive Martin Winterkorn over the German automaker's diesel emissions scandal late Thursday, accusing the company of perpetrating a "massive fraud" on U.S. investors.
Tags: Money, businessNews, SEC, U S Securities and Exchange Commission, Volkswagen AG, Martin Winterkorn, Volkswagen Winterkorn


SEC charges Volkswagen, former CEO with lying to investors

The U.S. Securities and Exchange Commission charged Volkswagen Group and former CEO Martin Winterkorn with deceiving investors.            [Author: USA TODAY]
Tags: Usa, News, SEC, Volkswagen, Usa Today, Volkswagen Group, U S Securities and Exchange Commission, Martin Winterkorn


U.S. SEC sues Volkswagen, Winterkorn, citing 'Dieselgate' fraud on investors

The U.S. Securities and Exchange Commission sued Volkswagen AG and its former chief executive Martin Winterkorn over the German automaker's diesel emissions scandal, accusing the company of perpetrating a "massive fraud" on U.S. investors.
Tags: Money, businessNews, SEC, U S Securities and Exchange Commission, Volkswagen AG, Martin Winterkorn, Volkswagen Winterkorn


SEC charges Volkswagen, former CEO Martin Winterkorn with lying to investors

The U.S. Securities and Exchange Commission charged Volkswagen Group and former CEO Martin Winterkorn with deceiving investors.            [Author: USA TODAY]
Tags: Usa, News, SEC, Volkswagen, Usa Today, Volkswagen Group, U S Securities and Exchange Commission, Martin Winterkorn


Tesla throws a Model Y party, hoping to move company past Model 3 flop

Elon Musk needs a win, so he’s taking a page out of a tried-and-true playbook: throwing a party for a product that won’t be available for months before an audience of adoring fans. The Thursday evening unveiling of the Model Y crossover follows a major flop. Tesla Inc.’s attempt to make a splash with the long-awaited arrival of a $35,000 version of its Model 3 sedan was overshadowed by Musk warning a loss is likely in the first quarter, and by his blindsiding decision to close almost all of the ...
Tags: Spacex, Elon Musk, Los Angeles, Tesla, Sport, Soccer, Goldman Sachs, Musk, U S Securities and Exchange Commission, Hawthorne California, Tesla Musk, SolarCity Corp, Tesla Energy, Tesla Inc, David Tamberrino, Twitter Tesla


Volkswagen may face U.S. SEC lawsuit over failure to disclose emissions cheating

Volkswagen AG said the U.S. Securities and Exchange Commission may sue the German automaker over its failure to disclose its diesel emissions scandal to investors. VW said in its annual report https://bit.ly/2HlE1Su released earlier this week that the SEC probe focuses on the automaker's nondisclosure of "certain Volkswagen diesel vehicles' noncompliance" with U.S. emissions rules. Volkswagen did not have an immediate comment.
Tags: Science, Vw, SEC, Volkswagen, U S Securities and Exchange Commission, Volkswagen AG


HotelTonight, Slack stakeholder Accel stays on top with $2.5B fund

Invest early and stand by your bets. Don’t buy logos or chase unicorns. That’s the Accel philosophy. At 35 years old, it has served them well, bagging the firm dozens of high-profile exits, including nine IPOs and 12 acquisitions in the last four years. Now, sources confirm to TechCrunch, the respected venture capital firm has nabbed $2.525 billion — its largest pool of capital yet — for three new funds: $525 million for its fourteenth early-stage fund, $1.5 billion for its fifth growth fund ...
Tags: Amit Kumar, Ipo, San Francisco, Tech, Airbnb, HotelTonight, Stewart Butterfield, Bengaluru, Menlo Ventures, Kleiner Perkins, Forerunner Ventures, Andrew Braccia, Accel, Bessemer Venture Partners, Battery Ventures, Insight Venture Partners


Uber hires more IPO underwriters as it prepares to go public: Reuters

(Reuters) – Ride-hailing startup Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering underwriters, as it ramps up preparations for a stock market debut, people familiar with the matter said on Tuesday. Smaller rival Lyft Inc is racing to list in the stock market at the end of March. While Uber will not beat Lyft to an IPO, the preparations are aimed at giving it the flexibility to go public as early as the first half of 2019, the sources said....
Tags: Lyft, Uber, Ipo, Trends, IPOs, Deutsche Bank, Morgan Stanley, Reuters, Goldman Sachs Group Inc, JMP Securities, U S Securities and Exchange Commission, Uber Technologies Inc, Lyft Inc, Bank of America Barclays Citigroup, Uber Allen Company, Dealogic Like Lyft Uber


United States: Private Companies Need To Update Rule 701 Financial Statement Disclosures - Fenwick & West LLP

Recently, the U.S. Securities and Exchange Commission adopted amendments to certain disclosure requirements in an effort to streamline
Tags: News, United States, U S Securities and Exchange Commission, Fenwick, West LLP


Elon Musk's defense of his Tesla tweet will get SEC response

(Reuters) - The top U.S. securities regulator received permission from a federal judge on Tuesday to respond to Tesla Inc Chief Executive Elon Musk's arguments that his Twitter post about the electric vehicle maker’s production volume did not violate his recent fraud settlement. The U.S. Securities and Exchange Commission has until March 19 to file a brief, and U.S. District Judge Alison Nathan gave both parties until March 26 to request an evidentiary hearing. The SEC had asked the court to...
Tags: Elon Musk, News, SEC, Musk, Reuters, U S Securities and Exchange Commission, Alison Nathan, Tesla Inc


African e-commerce startup Jumia files for IPO on NYSE

Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange today per SEC documents and confirmation from CEO Sacha Poignonnec to TechCrunch. The valuation, share price, and timeline for public stock sales will be determined over the coming weeks for the Nigeria headquartered company. With a smooth filing process, Jumia will become the first African tech startup to list on a major global exchange. Poignonnec would not pinpoint a date for the actual IPO, but noted the min...
Tags: Startups, TC, Ipo, Nigeria, Africa, Tech, E-commerce, Ceo, Economy, Smartphones, Companies, Egypt, Morocco, Kenya, SEC, Online Retail


U.S. SEC seeks permission to reply to Musk in Tesla case

The U.S. Securities and Exchange Commission on Tuesday asked a judge for permission to respond to arguments by Tesla Inc Chief Executive Elon Musk that his recent tweet about the electric vehicle maker’s production volume did not violate his fraud settlement with the regulator and that he cannot be held in contempt.
Tags: Elon Musk, Money, Tesla, businessNews, SEC, Musk, U S Securities and Exchange Commission, Tesla Inc


Elon Musk shoots down U.S. regulator's complaint about his Tesla tweet

Tesla Inc Chief Executive Elon Musk shot back against U.S. securities regulators on Monday, arguing in a filing that his recent tweet about the electric vehicle maker's production volume did not violate his fraud settlement and he cannot be held in contempt. Musk's "single, immaterial" tweet to his more than 24 million Twitter followers claiming the electric vehicle-maker would produce around 500,000 cars in 2019 also complied with company's communication policy for senior executives, a conditi...
Tags: Elon Musk, News, Tesla, Manhattan, Musk, U S Securities and Exchange Commission, Tesla Inc


Tesla walks back its plan to close most showrooms

By Tom Krisher, The Associated Press Tesla is walking back plans to close most of its showrooms worldwide and announced price hikes for most of its electric vehicles. Tesla announced last month that it would shutter most of its stores to cut costs so it could sell its lower-priced Model 3 for $35,000. The company continues its shift to toward online-only sales, but now says it won’t close as many stores as originally thought. The $35,000 base Model 3 will still be available, but the company is r...
Tags: Elon Musk, New York, California, Tesla, Sport, Soccer, Gartner, SEC, Musk, Ramsey, U S Securities and Exchange Commission, Michael Ramsey, Tesla CEO Elon Musk, Meissner, TOM KRISHER, Associated Press Tesla


Tesla's Musk nears deadline to respond to U.S. SEC contempt bid

Tesla Inc Chief Executive Elon Musk has until the end of the day on Monday to explain why he should not be held in contempt for recent tweets that U.S. securities regulators say violated a September fraud settlement. The U.S. Securities and Exchange Commission asked a federal court in Manhattan to hold Musk in contempt after he tweeted about Tesla's production volume, saying he breached the agreement requiring him to get company approval before sharing any material information on social media. ...
Tags: Elon Musk, News, Tesla, Manhattan, SEC, Musk, U S Securities and Exchange Commission, Tesla Inc


U.S. SEC to review stock trading rules in big potential shakeup

The U.S. Securities and Exchange Commission is launching a review of the main set of rules governing stock trading, opening the door to the biggest potential changes in a decade-and-a-half, the head of the agency said on Friday.
Tags: Money, businessNews, SEC, U S Securities and Exchange Commission


Crescent Capital’s blank check company debuts IPO

Crescent Acquisition Corp, a blank check company formed by Crescent Capital Group LP, Robert D. Beyer and Todd M. Purdy, has raised $250 million for its IPO after pricing its 25 million shares at $10 per share. The stock began trading on the NASDAQ under the ticker symbol “CRSAU.” Credit Suisse and BofA Merrill Lynch are the lead underwriters. PRESS RELEASE LOS ANGELES–(BUSINESS WIRE)–Crescent Acquisition Corp (NASDAQ: CRSAU) (the “Company”) announced today that it priced its initial public offe...
Tags: Ipo, Trends, IPOs, Credit Suisse, Nasdaq, New York Ny, The Company, U S Securities and Exchange Commission, Charlotte NC, BofA Merrill Lynch, Crescent Capital, Crescent Capital Group LP, CRSAU, Crescent Acquisition Corp, Robert D Beyer, Todd M Purdy


Elon Musk’s security clearance under review over pot use

The Pentagon is reviewing Elon Musk’s federal security clearance following the billionaire’s marijuana toke on a California comedian’s podcast in September, according to a U.S. official. Musk has refiled his SF-86 security form, which requires a federal employee or contractor seeking a clearance to acknowledge any illegal drug use over the previous seven years, according to the official, who asked not to be identified. The entrepreneur has a secret-level clearance because of his role as founder ...
Tags: Business, Spacex, Elon Musk, California, Washington, Department Of Defense, Tesla, Sport, Soccer, Pentagon, Musk, Bloomberg News, U S, U S Securities and Exchange Commission, Clapper, Zaid


Tufin files to go public

Tufin Software Technologies Ltd, a cybersecurity software provider, has filed for an IPO. The company plans on listing the stock on the New York Stock Exchange under the ticker symbol “TUFN.” J.P. Morgan Securities LLC, Barclays Capital Inc and Jefferies LLC are serving as the lead underwriters. Tufin is backed by Catalyst Investments and Marker. PRESS RELEASE BOSTON, March 6, 2019 /PRNewswire/ — Tufin Software Technologies Ltd. (“Tufin”), a company pioneering a policy-centric approach to securi...
Tags: Boston, Trends, IPOs, SEC, New York Stock Exchange, U S Securities and Exchange Commission, Jefferies LLC, Barclays Capital Inc, Morgan Securities LLC, William Blair Company L L C, Broadridge Financial Solutions, Long Island Avenue Edgewood NY, Tufin, Equity Syndicate Prospectus Department, Madison Avenue 2nd Floor New York NY, Tufin Software Technologies Ltd


Steering Lyft’s IPO: What Investors Will Weigh During the Roadshow

Much has been said about Lyft’s early lead over Uber in the “horserace” to become the first ride-hailing app company to go public. But now that San Francisco-based Lyft has filed its 276-page IPO prospectus with the U.S. Securities and Exchange Commission, potential investors can focus on much more detailed considerations as they decide whether to make bets on the smaller of the two U.S. ride-hailing leaders. Lyft’s IPO roadshow, during which it will make pitches to stock market investors and a...
Tags: Google, Startups, Mobile, Facebook, Lyft, Uber, Entrepreneurship, Wall Street, Funding, San Francisco, Trends, Tech, Regulations, IPOs, Vc, Software


Elon Musk Should Be Enabled to Step Back From Tesla, Investor Says

James Anderson, a partner and portfolio manager at Baillie Gifford & Co., said Tuesday on Bloomberg Television that he was “extraordinarily unsuccessful” in pleading with Musk in July for him to take a more peaceful approach to running the company. The following months, Musk tweeted he secured funding to take the company private, abandoned that pursuit and then settled a U.S. Securities and Exchange Commission lawsuit.
Tags: Science, James Anderson, Musk, Bloomberg Television, U S Securities and Exchange Commission, Baillie Gifford Co


Rajaratnam's $92.8 million SEC civil fine is upheld

A federal appeals court upheld the U.S. Securities and Exchange Commission's $92.8 million civil fine against convicted Galleon Group hedge fund manager Raj Rajaratnam, nine months after refusing to shorten his 11-year prison term for insider trading.
Tags: Money, businessNews, SEC, U S Securities and Exchange Commission, Raj Rajaratnam, Galleon Group, Rajaratnam