Tag: Securities and Commodities Violations

Plunge in 3 Hong Kong Stocks Offers a Cautionary Tale

HONG KONG — Even by the standards of Hong Kong, where the ups and downs of the stock market rival events at the horse track as a spectator sport, three recent flameouts have been spectacular. A Chinese marble miner named ArtGo plummeted by 98 percent in one day. A Chinese automaker-turned-education-company called China First Capital […]

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Elon Musk Bids Twitter Farewell — for Now

Elon Musk, who was once fined $20 million by securities regulators for a single tweet about taking Tesla private, is taking a break from Twitter. The billionaire co-founder and chief executive of the electric car company announced Friday to his 29 million Twitter followers that he was “going offline.” An hour earlier, Mr. Musk, 48, […]

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Carlos Ghosn Wants to See Prosecutors’ Files. Nissan Says No.

TOKYO — In the year since the Japanese authorities arrested Carlos Ghosn, the fallen Nissan boss, prosecutors have seized laptops, hard drives and reams of files from the automaker and its executives as they build their case against him. Now, Mr. Ghosn’s defense attorneys want access to that information as they look for evidence that […]

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Did Exxon Deceive Its Investors on Climate Change?

The New York attorney general’s office will take its case against Exxon Mobil to trial on Tuesday, arguing that one of the world’s largest oil and gas companies misled its shareholders and the public by misrepresenting the risks that climate change poses to the value of its oil and gas assets. The lawsuit is one […]

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How Deutsche Bank Hired Its Way to the Top in China

Foreign companies have long clamored for access to China, the world’s most populous country and second-biggest economy. But when Germany’s biggest lender, Deutsche Bank, set its sights on China nearly two decades ago, it was late to the game and faced fierce competition. An investigation by The New York Times and the German newspaper Süddeutsche […]

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He Was Trump’s First Fan in Congress. Now He’s a Felon.

The South Lawn of the White House was decked out in New York City paraphernalia for President Trump’s first congressional picnic: food carts, boat racing and a Central Park-like carousel, all in honor of the president’s hometown. Chris Collins, a Republican House member from western New York, should have been in his element. He had […]

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New Nissan Pay Problems Point to Conflicts at the Top

TOKYO — An outside law firm investigating problems at Nissan, the troubled Japanese automaker, this summer discovered some potentially explosive information. Hari Nada, a powerful Nissan insider who was behind the ouster last year of Nissan’s chairman, Carlos Ghosn, over compensation issues, had been improperly overpaid himself, the firm found. A second insider involved in […]

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Ex-Rep. Chris Collins Pleads Guilty to Insider Trading Charges

It was an opportunity that Representative Chris Collins, a Republican from Western New York, believed was too good to pass up. He was so confident of his investment in an Australian drug company that he hawked it to his children, his staffers, even other members of Congress. “One of the things was, ‘Who in Congress […]

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Rep. Chris Collins to Plead Guilty in Insider Trading Case

Representative Chris Collins, a fourth-term Republican from Western New York who narrowly won re-election last year despite fighting federal securities fraud charges, is expected to plead guilty on Tuesday, a new court filing shows. Mr. Collins, 69, one of President Trump’s earliest and most fervent supporters, had been accused of using private information about a […]

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Russian Man Pleads Guilty in ‘Massive’ Hacking Scheme

A Russian man pleaded guilty on Monday to taking part in a global, multiyear hacking operation that involved cyberattacks on a dozen American companies and an elaborate scheme to use stolen information to manipulate stocks and run illegal online-gambling businesses. The man, Andrei Tyurin, 35, of Moscow, is the first person to be convicted in […]

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Nissan Got Rid of Carlos Ghosn. The Way It Did So May Prove Costly.

After the arrest last year of its chairman, Carlos Ghosn, Nissan has made a very public accounting of its management failures, from a lack of strong internal checks and balances to board meetings that lasted only 20 minutes. That frankness may play well with the Japanese public and with prosecutors, who have charged the company […]

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Man Who Posed as Saudi Prince and Defrauded Investors Out of $8 Million Is Sent to Prison

The man who called himself Prince Khalid Al-Saud of Saudi Arabia liked the finer things in life: Rolex watches and Cartier bracelets, a Miami penthouse with a door buzzer labeled Sultan and expensive outfits for his Chihuahua, Foxy, whose life he chronicled on Instagram. Sometimes he drove his Ferrari, equipped with diplomatic license plates, to […]

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