According to a Congressional report that was released on Wednesday, Wells Fargo is not complying with the terms of multiple settlements related to its sales scandal. The U.S. House of Representatives Financial Services Committee released the findings of its year-long… Read More ›
misleading
U.S. Securities and Exchange Commission files lawsuit against Tesla’s CEO
The highly unusual lawsuit is potentially aimed at gaining leverage so as to force Tesla Inc’s CEO Elon Musk to settle. According to Teresa Goody, CEO of law firm Goody Counsel, who is also a former SEC attorney, most such… Read More ›
European Court of Justice rules Uber is a transport service provider
Although the landmark ruling will not have an immediate impact on the rider hailing service provider, since it already operates under transportation law, it will nevertheless have a material impact on the company’s finances and its operations. On Wednesday, in… Read More ›
Chinese state backed China Unicom reports misleading fund raising figure, opens Pandoras Box
Although the misrepresentation has been quickly dismissed by China Unicom Hong Kong Ltd as a technical issue, the fact that China Unicom has the full support and backing of the Chinese state, it puts into doubt the veracity of the… Read More ›
Senate Intelligence Committee to subpoena Michael Flynn’s businesses
The development has widespread implications, including the survival of the Trump Administration. In a development pregnant with political implications for the Trump presidency, the U.S. Senate Intelligence Committee has disclosed that it would subpoena two former national security adviser who… Read More ›