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SEC’s focus on U.S. corporate bosses pays off with Musk settlement

SEC’s focus on U.S. corporate bosses pays off with Musk settlement

NEW YORK/WASHINGTON (Reuters) – A high-profile settlement with Tesla Inc Chief Executive Elon Musk exemplifies a recent push by the U.S. Securities and Exchange Commission to go after executives and not just their companies, securities law experts said. In the last week, the SEC announced charges or penalties against eight corporate officials at six companies, [...]

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Tesla’s SEC deal provides ammunition for U.S. probe, investor lawsuits

Tesla’s SEC deal provides ammunition for U.S. probe, investor lawsuits

(Reuters) – Tesla Inc’s settlement with U.S. regulators will help soothe investors calling for more oversight of Chief Executive Elon Musk, experts said, even as it gives ammunition to short-sellers pursing separate cases and to a probe by the Justice Department. Musk and Tesla will pay $20 million each, bring in two independent directors and [...]

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Tencent announces a restructuring as challenges rise

Tencent announces a restructuring as challenges rise

BEIJING (Reuters) – Chinese internet giant Tencent Holdings announced on Sunday its first restructuring in six years, as it faces increased challenges from tighter government regulations. The Shenzhen-based and Hong Kong-listed company will integrate the original seven business groups into six, including a new one on cloud and smart industries, the company said in a [...]

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