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Pressure mounts on FDIC chief over handling of sexual misconduct allegations
Controversy has erupted after reports the FDIC had failed to eradicate widespread harassment in its workforce.
Fed probes Morgan Stanley over money-laundering controls: report
The regulator is looking into whether the bank has sufficient controls in place to prevent rich foreign customers from laundering money, according to the Journal.
Elon Musk says feds issued subpoenas over Tesla Autopilot crash probe
The requests for documents are related to Autopilot and FSD features and other requests "associated with personal benefits, related parties, vehicle range and personnel decisions."
Twitter probed over security lapse before Elon Musk takeover
The agency has been scrutinizing whether the former top executives failed to adequately disclose those privacy issues to shareholders or put in place proper controls.
Senators probing TikTok's hiring of top execs from China-based parent ByteDance
"The personnel changes give the impression that TikTok is attempting to preserve ByteDance's influence over TikTok while avoiding suspicion," the senators wrote.
US expands probe of 709,000 Ford SUVs, trucks over engine failures
Regulators said that under normal driving conditions the engines can lose power due to catastrophic engine failure related to allegedly faulty valves.
SEC fines 8 Wall Street firms over $100M in WhatsApp probe
Perella Weinberg, Interactive Brokers, Fifth Third Securities and Nuveen Securities, had agreed to pay a combined $91 million in penalties to the agency.
Gary Gensler accused of hypocrisy in SEC crusade over use of private messaging apps
In 2013, the Office of the Inspector General raised concerns about Gensler’s “use of personal email to perform official business.”
Citadel ready to fight SEC in court over WhatsApp probe: report
The SEC has collected thousands of staff messages from more than a dozen major investment companies, escalating its probe into Wall Street's use of private messaging apps.
SEC obtains thousands of Wall Street staffers' WhatsApp messages as probe widens: sources
In the latest phase of the probe of more than a dozen investment advisers, the SEC has in recent months asked for messages on personal devices or applications during the first half of 2021...
Elon Musk's 'secret house' project spurs fed probe of Tesla: report
Tesla board members had investigated whether company resources were misused on the effort, the Wall Street Journal reported.
Feds open probe into 280K new Tesla cars over steering issue
One Model 3 driver reported in May the "car steering felt stuck and slid off the road which resulted in crashing into a tree."
Leon Black's financial ties to Epstein probed by Senate panel: 'Serious tax issues'
The Senate panel said that a reported $158M of payments in several installments from 2012 to 2017 by Black to Epstein for financial advice seemed "inexplicably large."
One Equity boss Dick Cashin faces legal battle with fired top deputy
The probe has added to mounting tensions between OEP’s president, Cashin – a 70-year-old buyout baron who spun off the fund from JPMorgan in 2015 — and one of his...
NY state probing contractor accused of racist, sexist tirade against Asian family
Ulgur Aydin is accused of insulting a developer's Japanese wife and the couple's kids, after the architect refused to pay for what he called slipshod work on Gowanus Park.
Hunter Biden gallery calls NYPD over possible hack that could expose financial records
A source said staff at Georges Berges art gallery in SoHo fear that financial and personal information related to President Biden's son could be compromised as Congressional Committee seeks info...
Musk’s 'Twitter Hotel' plan under investigation by San Fran officials
Ex-employees allege that Musk’s team ordered numerous changes to the company’s headquarters in a 1930s Art Deco building in San Francisco that violated building codes.
Feds probing First Republic executives' trading before government seizure: report
The development comes a day after Sen. Elizabeth Warren accused First Republic executives of "mismanagement."
Feds eyeing possible 'manipulation' of bank share prices: report
Increased short-selling activity and volatility in shares have drawn increasing scrutiny by federal and state officials and regulators in recent days, Reuters reported.
Feds probing JPMorgan deals following $175M Frank fraud accusations: report
This comes after the government filed criminal charges accusing Charlie Javice, the founder of the now-shuttered college financial aid company Frank, of defrauding JPMorgan.