Tag: SEC

3174926 08/21/2017 US banknotes and visa. From August 23, the US Embassy in Russia suspends non-immigrant visa issue. Ekaterina Chesnokova/Sputnik

First Settlement Reached in Landmark EB-5 Visa Fraud Case

Five companies involved in Vermont’s Jay Peak ski and water park development reached a $225,000 settlement with the Securities and Exchange Commission (SEC) Wednesday as part of the ongoing EB-5 “golden visa” fraud case against the development’s owner, according to a report by Law 360.

AP Michael Woods

Arkansas Fires Bielema Moments Following Missouri Loss

Bret Bielema was welcomed to Arkansas by thousands of fans during a Razorbacks basketball game, and in return he promised to deliver the school’s first Southeastern Conference football championship.

Texas AG Ken Paxton Official Photo

Judge Dismisses SEC Case Against Texas AG with Prejudice

A federal district judge nominated by President Obama has dismissed the U.S. Securities and Exchange Commission’s entire civil securities fraud case against Texas Attorney General Ken Paxton. The judge dismissed the case with prejudice.

Evan Spiegel Snapchat (Michael Kovac / Getty)

Snapchat Files $3 Billion IPO, But May Never Be Profitable

Started by two roommates in a Stanford dorm in 2011, Snapchat’s parent, Snap, Inc., filed with the SEC last week for a $3 billion initial public offering (IPO), but admit the company may never make a profit.

Texas AG Ken Paxton Official Photo

Federal Judge Questions SEC Case Against Texas AG Paxton

A federal judge hearing the case from the Securities and Exchange Commission (SEC) against Texas Attorney General Ken Paxton said he wonders if the prosecution is trying to fit a “square peg in a round hole.”

Elon Musk (Scott Olson / Getty)

SEC Investigating Tesla for Failing to Disclose Autopilot Death

The Securities and Exchange Commission has opened an investigation regarding Tesla Motors Inc. potentially breaching U.S. securities laws by failing quickly to disclose that a Model S driver died watching a Harry Potter DVD with the car’s autopilot engaged.