Securities and Exchange Commission
Sam Bankman-Fried Arrested in the Bahamas After US Prosecutors File Charges
Follow our live coverage of the arrest of FTX founder Sam Bankman-Fried. Sam Bankman-Fried, the disgraced founder of the collapsed cryptocurrency exchange FTX, was arrested in the Bahamas on Monday after U.S. prosecutors filed criminal charges. “S.B.F.’s arrest followed receipt of formal notification from the United States that it has filed criminal charges against S.B.F. […]
Know More
Word of Trump Media Deal Is Said to Have Leaked Months in Advance
Months before former President Donald J. Trump’s social media company unveiled an agreement to raise hundreds of millions of dollars last fall, word of the deal leaked to an obscure Miami investment firm, whose executives began plotting ways to make money off the imminent transaction, according to people familiar with the discussions. The deal — […]
Know More
S.E.C. Broadens Inquiry Into Elon Musk’s Disclosures About Twitter
The Securities and Exchange Commission has broadened its inquiry into whether Elon Musk properly disclosed his investment in Twitter and his intentions for the social media company, the agency revealed on Thursday in a filing. The agency raised questions about a tweet from Mr. Musk in May in which the billionaire claimed his $44 billion […]
Know More
The Elon Musk-Twitter Saga Now Moves to the Courts
Now that Elon Musk has signaled his intent to walk away from his $44 billion offer to buy Twitter, the fate of the influential social media network will be determined by what may be an epic court battle, involving months of expensive litigation and high-stakes negotiations by elite lawyers on both sides. The question is […]
Know More
The S.E.C. Sent a Letter to Musk About His Twitter Shares in April
The Securities and Exchange Commission revealed on Friday that it had begun looking into Elon Musk’s purchases of Twitter stock in early April and whether he properly disclosed his stake and his intentions for the social media company. In a regulatory filing, the agency said it had approached Mr. Musk on April 4. At the […]
Know More
Why Elon Musk Is a Problem for Trump’s Truth Social
Trump Media would face a murkier future. After a flurry of downloads when Truth Social was launched, interest has dropped sharply. Sensor Tower, an app insights company, said the app was downloaded an estimated 41,000 times in the last full week of March, down 95 percent from the same period the previous month. Truth Social, […]
Know More
Elon Musk Details Plan for $46.5 Billion Twitter Takeover
Elon Musk said on Thursday that he had commitments worth $46.5 billion to finance his proposed bid for Twitter and was exploring whether to launch a hostile takeover for the social media company. In documents filed with the Securities and Exchange Commission dated Wednesday, the world’s richest man said he planned to finance the bid […]
Know More
Can the S.E.C. Require ‘Gag Orders’ When It Settles Cases?
The new case concerns Barry D. Romeril, a former Xerox executive whom the S.E.C. accused of participating in a scheme to mislead investors. He settled the case in 2003 without admitting or denying the accusations; paid more than $5 million, much of it reimbursed by Xerox; and agreed to the agency’s take-it-or-leave-it condition that he […]
Know More
Activision Says It Will Cooperate With Insider Trading Investigations
Activision Blizzard, the video game maker set to be sold to Microsoft for nearly $70 billion, said in a legal filing on Friday that it would cooperate with an investigation into whether some of the company’s investors engaged in insider trading before the deal’s announcement. The company said it had received a request for information […]
Know More