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.

Clinton Theranos (JP Yim / Getty)

Theranos: Feds Launch Criminal Investigation

The U.S. Attorney’s Office and Securities and Exchange Commission (SEC) have opened criminal and civil probes into blood-testing company Theranos, just days after reports that the Centers for Medicare & Medicaid Services were proposing to shutter its labs and ban its founder from the medical testing business.

AP Photo

Alabama Shutout of Mich St. Highlights SEC Return to Dominance

The SEC battered four Bowl opponents, going 4-1 with an average score of 39-18 to return to the dominance of the past decade, leaving the Pac-12 as the only other conference with a chance to catch the SEC by the end of bowl season

Asleep at computer (Aaron Jacobs / Flickr / CC / Cropped)

Party’s Over: Tech IPOs Collapse on Wall Street

The tech sector is no longer the hottest place to be on the stock market. Initial public offerings (IPOs) have plummeted in tech in 2015, putting the sector behind health care and financial companies.

Jeb Bush SEC Logo

Jeb Bush Launches Tailgate Events at SEC Games

Former Florida Governor Jeb Bush is mixing his campaign for president with SEC football by announcing a series of tailgate events at Tennessee, Alabama, and Mississippi State games.

Paxton in Court

Conflicting Witness Statements in Texas Attorney General Case Raise Serious Concerns

A notice filed by special prosecutors in the securities fraud cases against Texas Attorney General Paxton raises potentially exculpatory, as well as damaging evidence. Clint Broden, a lawyer from Dallas who is double-board certified in criminal law told Breitbart Texas, “The notice could be a double-edged sword.”