Settlement Requires Musk to Step Down as Tesla’s Chairman; Tesla to Appoint Additional Independent Directors; Tesla and Musk Agree to Pay $40 Million in Penalties Washington D.C. – The Securities and Exchange Commission announced September 29th that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., has agreed to settle the securities fraud charge brought … Continue reading SEC News: Elon Musk Settles SEC Fraud Charges – Tesla Charged With and Resolves Securities Law Charge
BOSTON, Ms. – A former New Jersey broker was arrested and charged today with defrauding his clients by engaging in a multi-year “cherry-picking” scheme. Michael Bressman, 61, of Montville, N.J., was arrested and charged in an indictment unsealed today with securities fraud and investment advisor fraud. Bressman will appear this afternoon in federal court in … Continue reading Massachusetts News: New Jersey Broker, Michael Bressman Charged in “Cherry-Picking” Scheme
WASHINGTON, D.C. – The Securities and Exchange Commission Wednesday announced the filing of insider trading charges against Congressman Christopher Collins, the U.S. Representative for New York’s 27th Congressional District, his son, Cameron Collins, and a third individual, Stephen Zarsky. In a parallel action, the U.S. Attorney’s Office for the Southern District of New York Wednesday announced … Continue reading SEC News: SEC Charges U.S. Congressman, Christopher Collins and Others With Insider Trading
MONTGOMERY, Ala. — Alabama coach Nick Saban has received a new eight-year deal worth at least $74 million. The agreement runs through the 2025 season and was announced on Friday. Saban gets a one-year extension with a sizable raise for the 66-year-old coach, who has led the Crimson Tide to five national championships over the … Continue reading MONTGOMERY, Alabama | Alabama gives Saban 8-year deal worth more than $74 million
ATLANTA — The Latest on SEC Media Days (all times local): 2 p.m. The final session of SEC Media Days turned into a bit of a fashion show. Auburn’s Deshaun Davis sported stylish sunglasses and an orange bow tie. Vanderbilt’s LaDarius Wiley countered with a shiny red vest that matched his bow tie and the … Continue reading ATLANTA | The Latest: Fashion takes center stage at SEC Media Days
NEW YORK/ July 16, 2018 (STL.News)– Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly”) announced that it has extended its previously announced exchange offer (the “Offer”) to purchase all of the outstanding shares of common stock of MTGE Investment Corp. (NASDAQ: MTGE) (“MTGE”). In the Offer, MTGE common stockholders may elect to receive, in exchange for each … Continue reading Annaly Capital Management, Inc. Extends Exchange Offer to Acquire MTGE Investment Corp.
WASHINGTON — A federal probe into Facebook’s sharing of user data with Cambridge Analytica now involves the FBI, the Securities and Exchange Commission and the Justice Department, the Washington Post reported. Representatives from these agencies have joined the Federal Trade Commission in the inquiry, the newspaper reported, citing five unnamed people familiar with the matter. … Continue reading WASHINGTON | Report: Federal Facebook probe now includes FBI, SEC
ATLANTA/June 9, 2018 (STLRealEstate.News) — Atlanta-based real estate mogul Jay Morrison recently announced the initial public offering (IPO) launch of the Tulsa Real Estate Fund, the first African-American owned Regulation A+ Tier II crowdfund designed to revitalize urban communities across the U.S. Tulsa Real Estate Fund, The People’s Fund, is a real estate crowdfund qualified … Continue reading Real Estate Mogul Jay Morrison Raises $9.6 Million In First Seven Days of Historic IPO of First African-American Owned Real Estate Crowdfund