SEC brings charges in connection with hack of its financial system

The United States Securities and Exchange Commission announced today that it is bringing charges against a Ukranian hacker for breaking into the agency's corporate filing system to access nonpublic information. The SEC is also charging a number of in...

DOJ and SEC subpoena Snap over allegedly misleading investors

The U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have subpoenaed Snap Inc. requesting information about its March 2017 initial public offering. In a statement to Reuters, Snap said it has responded to a government...

Tesla board forms independent group to explore going private

It's been an eventful seven days for Tesla. What started with CEO Elon Musk tweeting he'd like to take the automaker private last Tuesday has only gotten weirder since. In response, the board has formed a special committee to evaluate the business mo...

FBI, SEC and FTC are also investigating Facebook’s data leak

Facebook has to deal with multiple federal agencies simultaneously investigating its role in the Cambridge Analytica scandal. According to The Washington Post, the FBI, the Securities and Exchange Commission (SEC) and the Federal Trade Commission (FT...

Justice Dept and SEC are reportedly reviewing Apple’s iPhone slowdowns

In December, Apple admitted to slowing older models of iPhones, saying the practice kept older phones with aging batteries from suddenly rebooting. Apple is now facing multiple lawsuits in the US and abroad as well as an investigation in France. And...

SEC is ‘looking closely’ at companies that dabble in blockchain

The Securities and Exchange Commission has had it with companies throwing around words like crypto and blockchain in order to bump up their stock prices. There have been quite a few instances of that lately and the SEC says it will be looking more cl...

Hackers are stealing millions in cryptocurrency during ICOs

A new report from Ernst & Young details just how big of a problem security is when it comes to cryptocurrencies. Researchers collected data on 372 initial coin offerings (ICOs) that took place between 2015 and 2017 and found that over 10 percent...