How to delay your Form Ds (or not file them at all)

Building a startup is incredibly tough. There are the constant ups and downs, the moments of sheer ambiguity and terror. And so, few moments in a startup’s life are as triumphant — and crystal clear — as closing a round of funding. Yes, yes, raising venture capital shouldn’t be celebrated as a milestone, and the […]

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SEC pushes court to hold Elon Musk in contempt over Tesla tweets

Tesla CEO Elon Musk is in blatant violation of a settlement agreement reached last year over securities fraud allegations, the U.S. Securities and Exchange Commission said in a biting response to the court that argued the billionaire entrepreneur be held in contempt. The response, which was filed late Monday, is the latest salvo in the […]

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Elon Musk tweets dumb meme as SEC asks judge to hold him in contempt

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Last week, Tesla CEO Elon Musk couldn’t contain himself — he had to tweet about his electric car company.

The problem? After he reached a settlement with the U.S. Securities and Exchange Commission last year over his now infamous “funding secured” tweet, he isn’t supposed to tweet about things that could impact markets and his publicly traded company without approval from Tesla. 

Tesla made 0 cars in 2011, but will make around 500k in 2019

— Elon Musk (@elonmusk) February 20, 2019

Now Bloomberg reports that the SEC is asking a judge to hold Musk in contempt for tweeting Tesla would make “around 500K” cars in 2019.  Read more…

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View More Elon Musk tweets dumb meme as SEC asks judge to hold him in contempt

The SEC is looking to make it easier for any company to test the IPO waters

Under the leadership of its newest chairman, Jay Clayton, the SEC has for the last two years made it clear that it wants more companies to go public already. A new proposal, revealed today, may get it closer to that objective. Specifically, the agency has proposed giving any company that’s exploring a potential IPO a […]

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Amazon’s 2018 acquisitions totaled $1.65B, led by PillPack and Ring

Amazon’s annual 10-K filing with the U.S. Securities and Exchange Commission confirmed the high prices the e-commerce giant paid for its two biggest M&A deals last year. According to the filing, the company paid approximately $839 million in cash for Ring and $753 million for PillPack, with all other acquisitions totalling $57 million. GeekWire was […]

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Robinhood’s 3% interest checking & savings may not be properly insured

Robinhood’s new high-interest, zero-fee checking and savings feature seems to be too good to be true. Users’ money may not be fully protected. The CEO of the Securities Investor Protection Corporation, a non-profit membership corporation that insures stock brokerages, tells TechCrunch its insurance would not apply to checking and savings accounts the way Robinhood claims. “Robinhood […]

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Elon Musk straight-up taunts the SEC on Twitter

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Will Elon Musk ever learn? Even after being fined $20 million for a single tweet and sued for fraud … he’s back.

Tesla CEO Musk may have settled with the U.S. Securities and Exchange Commission over that August tweet claiming he had the funds to take his electric car company private, but that hasn’t stopped the eccentric billionaire from tweeting. 

And he isn’t just tweeting silly cat pics. No, he’s going for the jugular with taunting tweets about the very agency that investigated, sued, and then settled with him for fraud. 

A Thursday afternoon tweet (exactly a week after the SEC sued him) sarcastically praised the SEC’s name — changing it to “Shortseller Enrichment Commission.” Hey, the “C” is still the same. Read more…

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Here is the SEC complaint against Elon Musk and Tesla

Update: There’s a live stream of the SEC press conference detailing the complaint: The Securities and Exchange Commission lodged a complaint today against Elon Musk following tweets sent last month by the CEO involving a planned private takeover of the electric car company at $420 a share. The filing from the Southern District of New York […]

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A Tesla investor says he was recently questioned by US regulators about that infamous ‘funding secured’ tweet

Last week, onstage at TechCrunch Disrupt, regulator Jina Choi, who heads the SEC’s wide-reaching San Francisco unit, declined to confirm or deny that the SEC is investigating Tesla CEO Elon Musk for possible fraud. Said Choi, “I can’t tell you about any particular investigation in our office. And I can’t confirm or deny the existence […]

View More A Tesla investor says he was recently questioned by US regulators about that infamous ‘funding secured’ tweet