The SEC has penalized BlockFi US$100 million after it failed to register high-yield interest accounts as securities.
SEC
Pearson Settles With SEC, Pays $1 Million Fine Over Data Breach
The U.S. Securities and Exchange Commission announced a settlement with Pearson, a company that provides software to schools, which will pay US$1 million.
Apple Sapphire Glass Supplier Charged With Fraud
In 2014 Apple loaned US$578 million to GT Advanced Technologies to create sapphire glass displays. Now the Securities and Exchange Commission (SEC) revealed the supplier is being charged with fraud for allegedly withholding key information from stockholders.
“GT and its CEO painted a rosy picture of the company’s performance and ability to obtain funding that was paramount to GT’s survival while they were aware of information that would have catastrophic consequences for the company,” said the Anita B. Bandy from the SEC’s enforcement division.
DOJ, SEC Launch Investigation into Apple's iPhone Battery Fix
The DOJ and SEC have launched an investigation into Apple’s iPhone battery fix looking for evidence of disclosure violations.
Apple Makes it Clear Services are a Key Part of its Business Model
Apple may be an iPhone company, but now it’s openly acknowledging how important services are to its business.
Former AuthenTec Employee Settles Insider Trading Case from Apple Purchase
When Apple bought AuthenTec John Stimpson learned the hard way that insider trading is a really bad idea.
Apple Schedules 2017 Shareholders Meeting, Reveals Executive Pay Cut
Apple has scheduled its annual shareholders meeting for February 28, 2017 and in so doing revealed that the company’s top executives saw a pay cut in 2016 thanks to Apple’s first year-over-year sales decline in 15 years.