SEC seeks to oust Tesla CEO Elon Musk over go-private tweet
U.S. securities regulators are asking a federal court to oust Tesla Inc.’s Elon Musk as chairman and CEO, alleging in a complaint that he committed securities fraud with false statements about plans to take the company private.
Feds and Mississippi fight over who should clean up fraud
The U.S. Securities and Exchange Commission and Mississippi’s secretary of state are fighting over who should collect assets and repay victims of a $100 million-plus fraud.
Senators grill SEC chair on disclosure of data breach
U.S. senators from both parties on Tuesday grilled the chairman of the Securities and Exchange Commission — the agency responsible for policing Wall Street — on its handling of a 2016 data breach that was disclosed only last week.
JPMorgan admits fault, pays $920M fine
WASHINGTON — The financial penalty is staggering. JPMorgan Chase & Co. will pay $920 million for trading losses that shook the financial world last year.
Federal judge: Biofuels deal was a scam
NATCHEZ — A federal judge agrees with regulators’ charges against a man who claimed he had developed a revolutionary process to more than double fuel production from soybeans — and to do so without waste or the tiniest bit of pollution.
Feds, states want Morgan Keegan to repay customers $2 billion
Federal regulators and four states want brokerage firm Morgan Keegan & Co. to repay investors for alleged fraudulent and reckless business practices they say cost customers more than $2 billion.