Articles about sec

Money and gavel

IT biz embezzlement brouhaha leaves bloke with $456k migraine

An investor in an IT biz has coughed up $456,000 after America's financial watchdog accused him of looking the other way while executives at the consultancy he backed allegedly embezzled millions of dollars. Late last week, Bhusan Dandawate was charged [PDF] by the SEC with allegedly aiding and abetting fraud – after he was …
Shaun Nichols, 23 Jul 2018
Facebook CEO Mark Zuckerberg

Four US govt agencies poke probe in Facebook following more 'oops, we spilled your data' shocks

No less than four federal agencies in the US are now investigating Facebook following yet more revelations over how it gave vast quantities of personal data to developers. As well as the Department of Justice, the Federal Trade Commission (FTC), the FBI, and America's financial watchdog the Securities and Exchange Commission ( …
stocks

The strange tale of an energy biz that suddenly became a blockchain upstart – and $1.4m now forfeited in sold shares

America's financial watchdog, the SEC, has accused two men of illegally banking $1.4m by selling shares in the bafflingly renamed "blockchain" startup UBI Blockchain. The pair today agreed to hand back the alleged ill-gotten gains, plus cough up nearly $200,000 in fines. Essentially, it is claimed, they profited by selling …
Iain Thomson, 2 Jul 2018
suicidal_clown_shutterstock_648

CEO of struggling storage biz Tintri quits

Thomas Barton, CEO of struggling storage array supplier Tintri, has resigned, leaving the California upstart leaderless as it heads toward running out of cash by the end of the month. Barton only became Tintri’s CEO at the beginning of April, replacing Ken Klein who took Tintri through its inglorious IPO in June 2017. After …
Chris Mellor, 19 Jun 2018
Tintri T80

Tintri teeters on the edge of oblivion

Storage array supplier Tintri is circling the drain as it issues preliminary first fiscal 2019 quarter results and issues dire warnings, really dire warnings, about its prospects. Revenues are expected to be $22m, 27 per cent down on a year ago. A net loss of $1.14/share is expected, implying an overall net loss of c.$30m. …
Chris Mellor, 18 Jun 2018
Comcast center in Philadelphia

Thought the AT&T Time-Warner tie-up was scary? Comcast says 'hold my beer'

With the massive $85bn merger between AT&T and Time Warner set to finalize, a newly-emboldened Comcast is pushing for a media mega-deal of its own. The US cable kingpin officially made its offer on Wednesday to acquire 21st Century Fox in an all-cash deal worth $65bn. The deal would give Comcast all outstanding shares in 21st …
Shaun Nichols, 14 Jun 2018
Spectre logo jazzed up

A Spectre flaw solution, Cloudflare blips, a bank cyber-heist in Canada, and more in infosec land

Roundup While we were busy chasing SpamCannibals, jailing Yahoo hackers, and blaming North Korea for everything else, there was some interesting security news going on. Let's have a look at some of the stories that didn't quite make Reg headlines. Boffins float a (sort of) fix for Spectre bug A group of researchers from TU Dresden in …
Shaun Nichols, 2 Jun 2018
Snake oil salesman

Real fake scam offers crypto-coin to replace frequent flier points

The United States Securities and Exchange Commission’s (SEC’s) ongoing efforts to crimp dodgy cryptocurrency dealings has seen it create a fake initial coin offering that, ironically, lures the credulous with an offer to replace one weird pseudo-currency – loyalty scheme points – with cryptocurrency. howeycoins.com claims to …
Simon Sharwood, 17 May 2018
John McAfee with gun

John McAfee ‘goes underground’ in motorcade to flee SEC

Security personality John McAfee has “gone underground” in a convoy of armored cars escorted by people claimed to be former members of the military, to escape what he says is persecution by America's financial watchdog – the Securities and Exchange Commission (SEC) McAfee has released a series of videos explaining that he’s …
Simon Sharwood, 16 May 2018
Data breach

Equifax reveals full horror of that monstrous cyber-heist of its servers

Equifax has published yet more details on the personal records and sensitive information stolen by miscreants after they hacked its databases in 2017. The good news: the number of individuals affected by the network intrusion hasn't increased from the 146.6 million Equifax previously announced, but extra types of records …
Facebook

Facebook confesses: Buckle up, there's plenty more privacy lapses where that came from

Facebook has confirmed what many of us have known for years: Cambridge Analytica was far from the only organization engaging in the wholesale hoarding of netizens' personal data via the social network. The Silicon Valley giant told America's financial watchdog, the SEC, on Thursday that it will probably reveal additional data- …
Shaun Nichols, 27 Apr 2018

Yahoo! fined! $35m! for! covering! up! massive! IT! security! screwup!

The Disaster Formerly Known as Yahoo! has been fined $35m by US financial watchdog, the SEC, for failing to tell anyone about one of the world's largest ever computer security breaches. Now known as Altaba following its long, slow and painful descent in irrelevance, Yahoo! knew that its entire user database – including …
Kieren McCarthy, 24 Apr 2018
This is the blockchain. Yes, THE blockchain

US watchdog reckons blockchain bods Longfin were wrongfin, maybe this is their swansongfin

US financial watchdog the SEC has frozen $27m in what it believes are ill-gotten gains generated by a shady cryptocurrency deal. The regulator has accused blockchain tech upstart Longfin Corp and four of its officers of awarding and then selling unregistered shares for their own gain. The group is accused of violating the US …
Shaun Nichols, 6 Apr 2018

Students: Duh, of course we're blowing our loan bucks on crypto coins

University students are opting to use their student loan money to invest in cryptocurrency, rather than school. This according to a survey this month from the Student Loan Report, which asked 1,000 college students in America if they had used their loan money to buy cryptocurrency, only to have 212 confirm. In other words, …
Shaun Nichols, 26 Mar 2018

Bad blood: Theranos CEO charged with massive fraud

The woman heralded as "the next Steve Jobs" has been charged with massive fraud, forced to pay a $500,000 fine and been stripped of control of the company she founded. Theranos CEO Elizabeth Holmes was once pictured on the front pages of numerous tech and business magazines as a future leader in the industry. At one point was …
Kieren McCarthy, 14 Mar 2018

Stock trader gets two years in prison for pumping up with Fitbit

A US stock trader has been sentenced to two years in prison for running a pump and dump operation involving wearables vendor Fitbit, albeit one that earned him only a few thousand dollars. Robert Walter Murray was given the federal prison term after pleading guilty to one count of securities fraud. He had faced a maximum of 20 …
Shaun Nichols, 12 Mar 2018
Bitcoin punch cards

US authorities call on cryptocoin 'exchanges' to sign up for regulation

The United States' Securities and Exchange Commission (SEC) has again warned investors to be ever-so-careful when considering cryptocurrencies, because so-called “exchanges” for the assets fit all the definitions of a subject—to-regulation exchange other than having signed up for that regulation. In a March 7th public …

US watchdog just gave up trying to get Google to explain YouTube's huge financial figures

In a series of alternatively baffling, amusing and darn-right ridiculous letters, Google-parent Alphabet has told America's financial watchdog to effectively mind its own business when it comes to its income. On Monday, the Securities and Exchange Commission (SEC) published six months' worth of correspondence between its staff …
Kieren McCarthy, 28 Feb 2018

Create a news alert about sec, or find more stories about sec.

Biting the hand that feeds IT © 1998–2018