SEC

Robinhood Moves Toward IPO Despite GameStop Controversy

Stock trading app Robinhood has chosen Nasdaq as the exchange for its IPO this year, despite being embroiled in controversy over its treatment of its customers during the Gamestop trading frenzy and previous problems including trading outages.

Robinhood CEO Vladimir Tenev

Gary Gensler Signals Support for New Climate, Diversity, and Political Spending Disclosure Rules

President Joe Biden’s nominee to head the Securities and Exchange Commission indicated Tuesday that he would likely support new rules to force corporations to disclose their political spending activities, disclosure workforce diversity, and tighten disclosures around climate change, policies that would make businesses more susceptible to political pressure from the left.

SEC Nominee Gary Gensler

Whistleblower: Tesla Worker Trafficked ‘Significant Quantities’ of Cartel Drugs

A former Tesla employee has filed a formal whistleblower complaint with the SEC alleging that Tesla failed to disclose that authorities had discovered an alleged drug trafficking scheme involving an employee at the firm’s “Gigafactory” plant in Nevada. Among the other claims in the complaint, the whistleblower also describes the theft of more than $37 million worth of copper from Elon Musk’s Nevada facility.

Elon Musk of Tesla confused

Elizabeth Holmes Faces 2020 Fraud Trial over Theranos Collapse

Disgraced former CEO Elizabeth Holmes will stand trial for her role in the now infamous collapse of her startup Theranos, which falsely claimed that it had revolutionized medical blood testing. She faces up to 20 years in prison for fraud, with her trial occurring next year.

Elizabeth Holmes, CEO of Theranos, participates in the closing plenary session of the Clinton Global Initiative 2015 Annual Meeting at the Sheraton New York Times Square Hotel, on Tuesday, Sept. 29, 2015 in New York. (Photo by Greg Allen/Invision/AP)