Tag - sec

 
 

SEC

Elon Musk attends an interview in New York on Nov. 29.
BUSINESS / Tech
Jan 10, 2024
SEC’s ‘compromised’ account amplifies X mistrust, security concerns
The high-profile breach comes at a time when X and billionaire owner Elon Musk are seeking to win back trust from both users and advertisers.
The Shein logo at the company's office in Singapore in 2022. The company, which sells $7 dresses and $5 home goods in more than 150 countries, has moved its headquarters to Singapore but manufactures most of its products in China.
BUSINESS / Companies
Aug 29, 2023
U.S. states ask SEC to confirm Shein complies with labor rules
The request adds to pressure on Shein as China hawks in Congress target Chinese firms that do not align with U.S. foreign policy goals.
Japan Times
COMMENTARY / World
Jul 14, 2022
Companies need to get real about climate risk
To ensure the planet's future, the SEC is looking at the idea of having businesses calculate and disclosure climate-related costs and risks.
Japan Times
COMMENTARY / World
Apr 27, 2021
When the CEO’s son makes $3 million, I worry
Transactions with related parties, which include both relatives of and entities controlled by company insiders, have a long and checkered history.
Japan Times
COMMENTARY / World
Feb 8, 2021
Forget GameStop and scrutinize Chinese listed companies
The U.S. Congress has passed a bill that could ultimately lead to kicking Chinese companies off American exchanges, but it has a generous phase-in period. That may be too long.
Japan Times
BUSINESS
Jun 21, 2019
Walmart agrees to pay $282 million to settle Brazil unit bribe claim
Walmart Inc. has agreed to pay a total penalty of $282 million to settle charges by the U.S. Justice Department and the Securities & Exchange Commission that its Brazilian unit violated the Foreign Corrupt Practices Act.
Japan Times
JAPAN
Mar 27, 2019
Carlos Ghosn's unusual Nissan perk: $601,000 Stanford tuition fees for his kids
Nissan Motor Co. paid tuition for all four of ousted chairman Carlos Ghosn's children when they attended Stanford University between 2004 and 2015, according to people familiar with the matter.
Japan Times
BUSINESS
Oct 2, 2018
Tesla shares surge on Model 3 numbers, Elon Musk settling row with regulators
Shares of Tesla Inc. jumped 18 percent on Monday as signs it had met targets for quarterly car production added to relief at Chief Executive Elon Musk's settling of a lawsuit with regulators that had threatened to force him out.
Japan Times
BUSINESS
Oct 1, 2018
Tesla's SEC deal seen providing ammunition for U.S. probe, investor lawsuits
Tesla Inc.'s settlement with U.S. regulators will help soothe investors calling for more oversight of Chief Executive Elon Musk, experts said, even as it gives ammunition to short-sellers pursuing separate cases and to a probe by the Justice Department.
Japan Times
BUSINESS / Companies / ANALYSIS
Sep 28, 2018
SEC probe raises once unthinkable prospect of a Tesla without Elon Musk
It is nearly impossible to imagine Tesla Inc. without Elon Musk — its chairman, CEO, largest shareholder and public face.
Japan Times
BUSINESS / Companies
Sep 28, 2018
U.S. Securities and Exchange Commission sues Musk for fraud, seeks to remove him from Tesla
The U.S. Securities and Exchange Commission on Thursday accused Tesla Inc. CEO Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series of "false and misleading" tweets about potentially taking Tesla private last month.
Japan Times
BUSINESS
Aug 27, 2018
Elon Musk's U-turn on Tesla deal could intensify his legal and regulatory woes
Tesla Inc. Chief Executive Officer Elon Musk's decision to abruptly abandon a plan to take his electric carmaker private will not resolve his mounting regulatory and legal woes, and may even make them worse, some securities lawyers said.
BUSINESS / Markets
Aug 23, 2018
SEC quashes more bitcoin ETF pitches in another blow to cryptocurrencies
The U.S. Securities and Exchange Commission has rejected another round of attempts to list exchange-traded funds backed by bitcoin, blocking ETFs from ProShares, GraniteShares and Direxion, on concern prices could be vulnerable to manipulation.
Japan Times
BUSINESS
Aug 16, 2018
SEC subpoenas Tesla as scrutiny grows after Goldman hints at adviser role
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc. regarding Chief Executive Elon Musk's plan to take the company private and his statement that funding was "secured," Fox Business Network reported on Wednesday, citing sources.
Japan Times
BUSINESS
Aug 14, 2018
Tesla's slow disclosure after Musk's tweet of going private raises governance concerns
Tesla Inc.'s handling of Chief Executive Elon Musk's proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media.
BUSINESS
Jul 3, 2018
Facebook says it's cooperating with SEC, FBI on Cambridge Analytica data abuse probe
Facebook Inc. said it's cooperating with multiple federal agencies, including the U.S. Securities and Exchange Commission and the Federal Bureau of Investigation, probing how profile data about the social network's users were transferred without permission to Cambridge Analytica, a political consulting...
Japan Times
BUSINESS
May 1, 2018
Panasonic unit agrees to pay $280 million to settle U.S. federal corruption probe
A unit of Panasonic Corp. has agreed to pay about $280 million (¥30.5 billion) in a deal with the U.S. government to resolve criminal and civil charges that the company falsified its financial records to conceal payments to sales agents in China and other parts of Asia.
Japan Times
BUSINESS
Sep 26, 2017
FBI, Secret Service believed probing after hackers access real SEC data used by firms in tests
Hackers breached the U.S. Securities and Exchange Commission's computer system last year by taking advantage of companies that used authentic financial data when they were testing the agency's corporate filing system, according to sourcesr.
BUSINESS / Companies
Sep 2, 2017
Bank of America exec spared fine after bank's $415 million penalty
Bank of America Corp.'s Merrill Lynch unit paid $415 million last year to resolve allegations that it misused customers' cash. On Friday, the U.S. Securities and Exchange Commission finally got around to settling a case against the former bank executive who it said was ultimately responsible.
BUSINESS
Dec 28, 2016
U.S. charges Chinese trio of hacking law firms, gaining M&A info for insider trading
Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday.

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Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?