Elon Musk agreed to pay a $1.5 million civil penalty to settle an SEC lawsuit accusing him of delaying disclosure of his initial Twitter stock purchase in 2022. The SEC alleged Musk waited 11 days to reveal his stake, allowing him to buy shares at lower prices, but Musk did not admit wrongdoing and will not return any alleged savings. This settlement, the largest SEC fine for this type of violation, closes the case without Musk forfeiting money saved from the delay. The lawsuit is separate from another case where Musk was found liable for defrauding Twitter shareholders over bot-related takeover price disputes.
The Schall Law Firm is investigating UP Fintech Holding Limited for possible securities law violations after a Reuters report revealed China's crackdown on illegal cross-border securities trading. The report accused UP Fintech's Tiger subsidiary of o...
Asset Workflows Ltd, a UK-based asset data management firm, received a major strategic investment led by CoMade and two healthcare investors. This funding will accelerate its expansion in Australia and the Asia-Pacific region, enhance product develop...
Talk of a Tesla-SpaceX merger is intensifying as Elon Musk moves closer to taking SpaceX public. The two companies already share engineering talent and collaborate on energy, computing, and infrastructure challenges. The potential deal is largely dri...
Former President Donald Trump publicly defended the Commodity Futures Trading Commission's (CFTC) exclusive federal authority over prediction markets, criticizing state-level efforts to restrict these platforms. He named several officials opposing fe...
Rayonier (RYN) offers investors a chance to diversify into timberland, real estate, and solar assets, trading at a rare 27% discount to its net asset value (NAV) and a 57% discount to its historical price-to-book ratio. Its portfolio includes over 4....
