Tag: Securities and Exchange Commission

SEC Sues Elon Musk for Allegedly Failing to Disclose Purchase of Twitter Stocks

American Greatness
Elon Musk

On Tuesday, the Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk, the owner of Tesla, SpaceX, and the social media platform X (formerly known as Twitter), over his alleged failure to disclose his purchase of Twitter stock in 2022.

As reported by Just The News, the alleged purchase of stock by Musk led to him underpaying Twitter investors at the time of his buyout of the company in October of 2022. The lawsuit claims that this action meant Musk was able to buy stocks at “artificially low prices.”

Read More

House Judiciary Committee Seeks Information from ESG-Aligned Firms in Antitrust Investigation

Just the News

As part of an investigation into possible collusion with climate activists, the House Judiciary Committee has sent letters to 60 U.S.-based asset management companies asking them for information about activities related to their membership with the Glasgow Financial Alliance for Net Zero and Net Zero Asset Managers.

Read More

Trump Taps Paul Atkins to Lead SEC

Just the News
Paul Atkins

President-elect Donald Trump on Wednesday announced that he had chosen Patomak Global Partners CEO Paul Atkins to lead the Securities and Exchange Commission (SEC).

“Paul is a proven leader for common sense regulations. He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World,” Trump posted. “He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.”

Read More

Woke 2.0: ESG Critics Say the Same Movement Marches on, Only with a New Name

Just the News

BlackRock began renaming environmental, social and governance (ESG) earlier this year. It’s now calling it “transition investing.”

The company recently updated its climate and decarbonization stewardship guidelines. The document makes no mention of ESG, but it shows in many ways, the world’s largest investment manager with $10 trillion in assets under management is still pursuing many of the same goals.

Read More

Memo Sounds Alarm Over Massive ‘Unconstitutional’ Database of Americans’ Info Pushed by Biden Admin

South Carolina Sun Staff
Rep. Barry Loudermilk

Advancing American Freedom, a conservative group founded by former Vice President Mike Pence, is sounding the alarm about a Biden administration effort to collect Americans’ private financial information, according to a memo obtained by the Daily Caller News Foundation.

The Securities and Exchange Commission (SEC) in 2012 authorized a program to make it easier for financial regulators to track transactions in U.S. markets by creating a “consolidated audit trail,” or CAT. This would require brokerages and exchanges to collect and report certain financial information to regulators and other financial organizations. Under the Biden administration, the SEC approved a new funding model for CAT in September 2023.

Read More

Luxury Electric Vehicle Maker Becomes Latest in Industry to Announce Huge Layoffs

South Carolina Sun Staff
Lucid Motors

Electric vehicle (EV) maker Lucid Motors announced that the company would be laying off staff in a bid to lower expenses amid a slowdown in the market.

The layoffs will affect 6% of its workforce, equating to around 400 employees, and will trim from all employee levels, including leadership and mid-level management, according to a filing submitted Friday with the Securities and Exchange Commission (SEC). Lucid is one of several EV makers to announce layoffs in recent months as consumers decline to adopt the product at the rate expected.

Read More

Feds Secretly Knew for Years Joe Biden Met with Son’s Chinese Partners on Official Trip

Just the News

Federal agents gathered evidence during the 2016 election that Hunter Biden had used access to his father on an official government trip to Beijing aboard Air Force Two to connect prospective Chinese business partners with then-Vice President Joe Biden, according to a massive cache of documents recently turned over to Congress and obtained by Just the News.

Read More

Biden Wants Companies to Disclose Climate Risks, Pilot Program Unreliable

Admin

Six major American financial institutions struggled to accurately assess the extent of their exposure to climate change and related risks, according to the Federal Reserve.

Read More