Daily Archives: October 1, 2018, 1:38 pm

Cyber Lessons from the SEC?

Public companies worried about cybersecurity risk would be well served to pay attention to a recent crackdown by the U.S. Securities and Exchanges Commission on the use of automated technology to detect investment advisor fraud. A recent settlement with Ameriprise Financial Services Inc., a registered investment adviser and broker dealer, suggests that the Commission isn’t inclined to look the other…

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SEC Charges Walgreens and Two Former Executives With Misleading Investors About Forecasted Earnings Goal

The Securities and Exchange Commission today charged Walgreens Boots Alliance Inc., former CEO Gregory Wasson, and former CFO Wade Miquelon with misleading investors about increased risk that the company would miss a key financial goal announced when Walgreen Co. entered into a merger with Alliance Boots GmbH in 2012. Walgreens agreed to pay a $34.5 million penalty to settle the…

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Elon Musk Settles SEC Fraud Charges; Tesla Charged With and Resolves Securities Law Charge

The Securities and Exchange Commission announced today that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla, Inc., has agreed to settle the securities fraud charge brought by the SEC against him last week.  The SEC also today charged Tesla with failing to have required disclosure controls and procedures relating to Musk’s tweets, a charge that Tesla has agreed to…

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The SEC/Musk/Tesla Settlement: The Dawning of a New Era of SEC Internet Enforcement | LinkedIn

The SEC complaint against Elon Musk and the settlement that followed seems like an obvious, routine and easy win for the government.  But there is a lot more to the Tesla tweet debacle than meets the eye.  The SEC complaint against Musk signals a new and aggressive era of SEC Enforcement and the Internet. via The SEC/Musk/Tesla Settlement: The Dawning of a…

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