Skip to main content
Partly Cloudy icon
82ยบ

Go to the KPRC homepage

Join Insider
    • News
    • Watch Live
    • Immigration
    • Business
    • Click2Vote
    • Consumer
    • Crime
    • Education
    • Entertainment
    • Health
    • History
    • Local News
    • Money
    • National
    • Pets
    • Politics
    • Tech
    • Texas
    • World
    • Weather
    • Traffic
    • Alerts
    • Click2Pins
    • Flood Tracker
    • Galveston
    • Houston Zoo
    • Hurricane Headquarters
    • Live Cams
    • KPRC 2+
    • Watch Live
    • The Evidence Room
    • Solutionaries
    • NEXTGEN TV
    • Investigates
    • The Bench
    • The Evidence Room
    • Astroworld Festival Tragedy
    • DRAINED
    • 2 Helps You
    • Contact 2 Helps You
    • Sports
    • Texans
    • Texans Stats
    • Astros
    • Astros Stats
    • Rockets
    • Rockets Stats
    • Friday Football Frenzy
    • Athlete of the Week
    • Aggies
    • Cougars
    • Dynamo
    • Longhorns
    • NCAA
    • Olympics
    • Discover
    • Contact Us
    • Things To Do
    • Events Calendar
    • Contests & Rules
    • Click2Pins
    • Click2Save Deals
    • DIY
    • Events
    • Families
    • Food and Drinks
    • Go Gold
    • Habitat For Humanity
    • KPRC 2 Community
    • Outdoors
    • Podcasts
    • Senior Scholarships
    • Travel
    • TV Listings
    • News Team
    • Houston Life
    • About Us
    • Be on the Show
    • Seen on Houston Life
    • Eat Like a Local
    • Newsletters
  • News
  • Weather
  • KPRC 2+
  • Investigates
  • 2 Helps You
  • Sports
  • Discover
  • Houston Life
  • Newsletters
Click2Houston.com
  • News
  • Weather
  • KPRC 2+
  • Investigates
  • 2 Helps You
  • Sports
  • Discover
  • Houston Life
  • Newsletters
  • LIVE

WEATHER ALERT

6 warnings in effect for 5 counties in the area

SECURITIES AND EXCHANGE COMMISSION


No description available

US Treasury secretary says trade war with China is not 'sustainable'

Read full article: US Treasury secretary says trade war with China is not 'sustainable'

U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown with China is unsustainable and expects a โ€œde-escalationโ€ in the trade war between the worldโ€™s two largest economies.

No description available

Trump signs executive order to establish government bitcoin reserve

Read full article: Trump signs executive order to establish government bitcoin reserve

President Donald Trump has signed an executive order establishing a government reserve of bitcoin, a key marker in the cryptocurrencyโ€™s journey towards possible mainstream acceptance.

No description available

Robinhood says SEC has closed its investigation into the company

Read full article: Robinhood says SEC has closed its investigation into the company

Lawsuits filed against cryptocurrency platforms during President Joe Bidenโ€™s administration continue to fall away as the administration of President Donald Trump has projected a much more lenient stance on cryptocurrency markets.

No description available

Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases

Read full article: Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases

Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed โ€” or failed to disclose โ€” about his purchases of Twitter stock before he bought the social media platform in 2022.

No description available

US appeals court rejects Nasdaq's diversity rules for company boards

Read full article: US appeals court rejects Nasdaq's diversity rules for company boards

An appeals court in Louisiana has ruled that Nasdaq canโ€™t require diversity on the boards of companies that list on the exchange.

No description available

From outsider to the Oval Office, bitcoin surges as a new administration embraces crypto

Read full article: From outsider to the Oval Office, bitcoin surges as a new administration embraces crypto

Bitcoin burst on the scene after trust had withered in the financial system and Washingtonโ€™s ability to protect people from it.

No description available

Trump nominates cryptocurrency advocate Paul Atkins as SEC chair

Read full article: Trump nominates cryptocurrency advocate Paul Atkins as SEC chair

President-elect Donald Trump says he intends to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission.

No description available

SEC Chair Gary Gensler, who led US crackdown on cryptocurrencies, to step down

Read full article: SEC Chair Gary Gensler, who led US crackdown on cryptocurrencies, to step down

Securities and Exchange Commission Chair Gary Gensler will step down from his post on January 20.

No description available

Warren Buffett's firm sells another $1 billion of Bank of America stock but still holds almost 12%

Read full article: Warren Buffett's firm sells another $1 billion of Bank of America stock but still holds almost 12%

Investor Warren Buffett's company has unloaded more of its Bank of America stake, selling nearly 25 million shares worth almost $1 billion over the past week.

No description available

Federal grand jury charges short seller Andrew Left in $16M stock manipulation scheme

Read full article: Federal grand jury charges short seller Andrew Left in $16M stock manipulation scheme

A federal grand jury in California has charged activist short seller Andrew Left with multiple counts of securities fraud for a $16 million stock market manipulation scheme.

No description available

OpenAI whistleblowers ask SEC to investigate the company's non-disclosure agreements with employees

Read full article: OpenAI whistleblowers ask SEC to investigate the company's non-disclosure agreements with employees

OpenAI whistleblowers have filed a complaint with the Securities and Exchange Commission and asked the agency to investigate whether the company illegally restricted workers from speaking out about the risks of its artificial intelligence technology.

No description available

The Supreme Court strips the SEC of a critical enforcement tool in fraud cases

Read full article: The Supreme Court strips the SEC of a critical enforcement tool in fraud cases

The Supreme Court has stripped the Securities and Exchange Commission of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other regulatory agencies.

No description available

Trump Media fires auditing firm that US regulators have charged with 'massive fraud'

Read full article: Trump Media fires auditing firm that US regulators have charged with 'massive fraud'

Trump Media and Technology Group, the owner of social networking site Truth Social, has fired an auditor that federal regulators recently charged with โ€œmassive fraud.โ€.

No description available

Judge orders Elon Musk to testify in SEC probe of his $44 billion Twitter takeover in 2022

Read full article: Judge orders Elon Musk to testify in SEC probe of his $44 billion Twitter takeover in 2022

A judge has ordered Elon Musk to testify as part of the Securities and Exchange Commissionโ€™s investigation into his $44 billion purchase of Twitter, now called X, in 2022.

No description available

Bid by meatpacker JBS to join New York Stock Exchange faces opposition over Amazon deforestation

Read full article: Bid by meatpacker JBS to join New York Stock Exchange faces opposition over Amazon deforestation

Lawmakers in the United States and the United Kingdom are urging the Securities and Exchange Commission not to allow JBS, the worldโ€™s largest meatpacking company, to be listed on the New York Stock Exchange.

No description available

New funds will make investing in bitcoin easier. Hereโ€™s what you need to know

Read full article: New funds will make investing in bitcoin easier. Hereโ€™s what you need to know

The U.S. for the first time has given the greenlight to almost a dozen exchange traded funds for bitcoins.

No description available

Stock market today: Asian shares rise after Wall Street nears record; markets eye inflation report

Read full article: Stock market today: Asian shares rise after Wall Street nears record; markets eye inflation report

Asian shares have advanced on the back of Wall Streetโ€™s climb to a near-record high, as Tokyo's benchmark hovered near its highest level since 1990.

No description available

Regulators approve new bitcoin funds in move that could spur more investment in the digital currency

Read full article: Regulators approve new bitcoin funds in move that could spur more investment in the digital currency

The Securities and Exchange Commission has reluctantly approved trading of the first exchange-traded funds that hold bitcoin.

No description available

Activision Blizzard to pay $54 million to settle California state workplace discrimination claims

Read full article: Activision Blizzard to pay $54 million to settle California state workplace discrimination claims

Activision Blizzard has agreed to pay about $54 million to settle discrimination claims brought by Californiaโ€™s civil rights agency on behalf of women employed by the video game maker.

No description available

Conservative Supreme Court justices seem open to an attack on the Securities and Exchange Commission

Read full article: Conservative Supreme Court justices seem open to an attack on the Securities and Exchange Commission

Conservative Supreme Court justices seem open to a challenge to how the Securities and Exchange Commission fights fraud, in a case that could have far-reaching effects on other regulatory agencies.

No description available

US regulators sue SolarWinds and its security chief for alleged cyber neglect ahead of Russian hack

Read full article: US regulators sue SolarWinds and its security chief for alleged cyber neglect ahead of Russian hack

U.S. regulators have sued SolarWinds and its top security executive for fraud for allegedly concealing poor cybersecurity practices ahead of the Texas-based technology company's stunning hack by Russian spies.

No description available

US regulators seek to compel Elon Musk to testify in their investigation of his Twitter acquisition

Read full article: US regulators seek to compel Elon Musk to testify in their investigation of his Twitter acquisition

The Securities and Exchange Commission says it is seeking a court order that would compel Elon Musk to testify as part of an investigation into his purchase of Twitter, now called X.

No description available

China's Shein hit with lawsuit citing RICO violations, a law originally used against organized crime

Read full article: China's Shein hit with lawsuit citing RICO violations, a law originally used against organized crime

Chinaโ€™s fast fashion retailer Shein is facing a lawsuit that claims the clothing makerโ€™s copyright infringement is so aggressive, it amounts to racketeering.

No description available

Stock market today: Asian stocks mixed as Wall St inches toward bull market

Read full article: Stock market today: Asian stocks mixed as Wall St inches toward bull market

Shares are mixed in Asia after a listless day on Wall Street amid a vacuum of market-moving data.

No description available

Coinbase targeted by SEC in latest shot at crypto firms for allegedly skirting securities laws

Read full article: Coinbase targeted by SEC in latest shot at crypto firms for allegedly skirting securities laws

Coinbase has been targeted by U.S. regulators in a new lawsuit that alleges the cryptocurrency platform is operating as an unregistered securities platform and brokerage service.

No description available

Binance mishandled funds and violated securities laws, according to SEC lawsuit

Read full article: Binance mishandled funds and violated securities laws, according to SEC lawsuit

The worldโ€™s largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. securities laws in a lawsuit filed by the SEC.

No description available

Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rules

Read full article: Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rules

A federal appeals court says Elon Musk cannot back out of a settlement with securities regulators over 2018 tweets claiming he had the funding to take Tesla private.

No description available

Supreme Court lets challenges to federal agencies go forward

Read full article: Supreme Court lets challenges to federal agencies go forward

The Supreme Court is allowing challenges to the structure of two federal agencies to go forward in federal court.

No description available

Coinbase tumbles after SEC warns of securities violations

Read full article: Coinbase tumbles after SEC warns of securities violations

Coinbaseโ€™s stock is tumbling after the cryptocurrency trading platform received a warning from the Securities and Exchange Commission that it could possibly face securities charges.

No description available

Lindsay Lohan, other celebs settle with SEC over crypto case

Read full article: Lindsay Lohan, other celebs settle with SEC over crypto case

Actress Lindsay Lohan, rapper Akon and several other celebrities have agreed to pay tens of thousands of dollars to settle claims they promoted crypto investments to their millions of social media followers without disclosing they were being paid to do so.

No description available

Justice Dept, SEC probing collapse of Silicon Valley Bank

Read full article: Justice Dept, SEC probing collapse of Silicon Valley Bank

The Justice Department and the Securities and Exchange Commission have launched investigations into the collapse of Silicon Valley Bank, a person familiar with the matter told The Associated Press.

No description available

Ozy Media founder Carlos Watson denies federal fraud charges

Read full article: Ozy Media founder Carlos Watson denies federal fraud charges

The founder of the troubled digital start-up Ozy Media has pleaded not guilty Thursday to federal fraud charges accusing him of scheming to prop up his financially struggling company.

No description available

SEC charges former McDonald's CEO with misleading investors

Read full article: SEC charges former McDonald's CEO with misleading investors

The Securities and Exchange Commission is charging McDonaldโ€™s former CEO Stephen Easterbrook with making false and misleading statements to investors about the circumstances leading to his firing in November 2019.

No description available

Latino families claim they were targeted, scammed out of millions by CryptoFX LLC

Read full article: Latino families claim they were targeted, scammed out of millions by CryptoFX LLC

A federal agency is cracking down on a Houston-based company, CryptoFX LLC, for allegedly targeting Latinos and scamming many of them out of money.

No description available

Kim Kardashian fined $1 million by SEC over crypto promotion

Read full article: Kim Kardashian fined $1 million by SEC over crypto promotion

The long list of celebrities promoting cryptocurrencies just got shorter.

No description available

In court brief, Musk says the SEC is unlawfully muzzling him

Read full article: In court brief, Musk says the SEC is unlawfully muzzling him

A lawyer for Tesla CEO Elon Musk says in court documents that U.S. Securities regulators are unlawfully muzzling his client.

No description available

Boeing pays $200 million to settle SEC charges over 737 Max

Read full article: Boeing pays $200 million to settle SEC charges over 737 Max

Boeing will pay $200 million to settle charges that it misled investors about the safety of its 737 Max jets after two of the planes crashed, killing 346 people.

No description available

House panel calls for cryptocurrency fraud oversight

Read full article: House panel calls for cryptocurrency fraud oversight

A House oversight subcommittee wants regulators and industry leaders to explain what they are doing to stop cryptocurrency fraud and other scams perpetrated on consumers.

No description available

Supreme Court climate ruling could impact nuclear waste case

Read full article: Supreme Court climate ruling could impact nuclear waste case

The Supreme Courtโ€™s landmark ruling on climate change could have implications for a range of other issues, including a case involving nuclear waste storage and a proposal requiring companies to disclose how climate risk affects their businesses.

No description available

SEC questions Twitter on how it counts fake accounts

Read full article: SEC questions Twitter on how it counts fake accounts

U.S. securities regulators are questioning Twitter about how it calculates the number of fake accounts on its platform.

No description available

New crypto oversight legislation arrives as industry shakes

Read full article: New crypto oversight legislation arrives as industry shakes

After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress.

No description available

Trump social media firm subpoened by feds, stock regulators

Read full article: Trump social media firm subpoened by feds, stock regulators

Donald Trumpโ€™s social media company and some of its employees received subpoenas from a federal grand jury in New York and securities regulators.

No description available

Company buying Trump's social media app faces subpoenas

Read full article: Company buying Trump's social media app faces subpoenas

The company planning to buy Donald Trumpโ€™s new social media business disclosed Monday that it has received subpoenas from a federal grand jury in New York.

No description available

Companies weigh in on proposed SEC climate disclosure rule

Read full article: Companies weigh in on proposed SEC climate disclosure rule

The Securities and Exchange Commission is moving closer to a final rule that would dramatically change what public companies reveal about the risks posed by climate change to their operations.

No description available

Crypto comes to Washington. Will the millions buy influence?

Read full article: Crypto comes to Washington. Will the millions buy influence?

Cryptocurrency tycoons are emerging as new power players in American politics.

No description available

Tesla stockholders ask judge to silence Musk in fraud case

Read full article: Tesla stockholders ask judge to silence Musk in fraud case

A group of Tesla shareholders suing CEO Elon Musk over some 2018 tweets about taking the company private is asking a federal judge to order Musk to stop commenting on the case.

No description available

SEC claims authority to subpoena Elon Musk about tweets

Read full article: SEC claims authority to subpoena Elon Musk about tweets

U.S. securities regulators say they have legal authority to subpoena Tesla and CEO Elon Musk about his tweets.

No description available

New corporate climate change disclosures proposed by SEC

Read full article: New corporate climate change disclosures proposed by SEC

Companies would be required to disclose the greenhouse gas emissions they produce and how climate risk affects their business, under new rules proposed by the Securities and Exchange Commission as part of a drive across the government to address climate change.

No description available

Musk, lawyer escalate word fight with securities regulators

Read full article: Musk, lawyer escalate word fight with securities regulators

Elon Musk and his lawyers are escalating their fight with U.S. securities regulators.

No description available

EV start-up Nikola settles with US for $125 million

Read full article: EV start-up Nikola settles with US for $125 million

Electric and hydrogen-powered truck startup Nikola has agreed to a $125 million settlement over charges that it defrauded investors after misleading them about its products, technical advances, and financial prospects.

No description available

Trump media venture eyed by regulators; names Nunes CEO

Read full article: Trump media venture eyed by regulators; names Nunes CEO

The blank-check company that aims to take Trump Media & Technology Group public says two regulatory agencies are scrutinizing the deal.

No description available

GameStop mania severely tested market system, regulator says

Read full article: GameStop mania severely tested market system, regulator says

The stock market certainly shook when hundreds of thousands of regular people suddenly piled into GameStop early this year, driving its price to heights that shocked professional investors.

No description available

Kraft, former officials settle SEC charges for $62 million

Read full article: Kraft, former officials settle SEC charges for $62 million

Kraft Heinz Co. is agreeing to pay $62 million to settle charges of improper accounting of what it once claimed were cost savings.

No description available

SEC approves Nasdaq's plan to require board diversity

Read full article: SEC approves Nasdaq's plan to require board diversity

The Securities and Exchange Commission has approved Nasdaqโ€™s groundbreaking proposal to boost the number of women, racial minorities and LGBTQ people on U.S. corporate boards.

No description available

SEC's Gensler says crypto investors need more protection

Read full article: SEC's Gensler says crypto investors need more protection

The chairman of the Securities and Exchange Commission said that investors need more protection in the cryptocurrency market, which he said is โ€œrife with fraud, scams and abuse.โ€.

No description available

Robinhood's customer ranks grow, revenue soars ahead of IPO

Read full article: Robinhood's customer ranks grow, revenue soars ahead of IPO

Robinhood saw its revenue more than quadruple early this year as the new generation of investors itโ€™s helped empower shook up Wall Street with their newfound trading power.

No description available

EXPLAINER: Charmed by Madoff, SEC later tightened its rules

Read full article: EXPLAINER: Charmed by Madoff, SEC later tightened its rules

Until Bernie Madoffโ€™s scheme came crashing down and the biggest Ponzi scheme in Wall Streetโ€™s history came to light, he appeared as a charming wizard with a Midas touch.

No description available

Senate OKs tough former regulator as market watchdog chief

Read full article: Senate OKs tough former regulator as market watchdog chief

The Senate has approved President Joe Bidenโ€™s choice to lead a key agency overseeing Wall Street.

No description available

Volkswagen hoaxes media with fake statement on name change

Read full article: Volkswagen hoaxes media with fake statement on name change

The company's false statement was distributed again Tuesday, saying the brand-name change reflected a shift to more battery-electric vehicles. AdIn that scandal, Volkswagen admitted that about 11 million diesel vehicles worldwide were fitted with the deceptive software. The company's fake news release, leaked on Monday and then repeated in a mass e-mail to reporters Tuesday, resulted in articles about the name change in multiple media outlets, including The Associated Press. In falsely announcing a name change, the company went beyond telling reporters that its news release was legitimate. AdThe fake release could land Volkswagen in trouble with U.S. securities regulators because its stock price rose nearly 5% on Tuesday, the day the bogus statement was officially issued.

No description available

Volkswagen hoaxes media with fake statement on name change

Read full article: Volkswagen hoaxes media with fake statement on name change

The companyโ€™s false statement was distributed again Tuesday, saying the brand-name change reflected a shift to more battery-electric vehicles. AdThe companyโ€™s fake news release, leaked on Monday and then repeated in a mass e-mail to reporters Tuesday, resulted in articles about the name change in multiple media outlets, including The Associated Press. In falsely announcing a name change, the company went beyond telling reporters that its news release was legitimate. The fake release could land Volkswagen in trouble with U.S. securities regulators because its stock price rose nearly 5% on Tuesday, the day the bogus statement was officially issued. It was updated on March 30, 2019, to correct Volkswagen' of America's false statement that it would change its name to Voltswagen of America.

No description available

Biden's pick for SEC flags trading app gimmicks for scrutiny

Read full article: Biden's pick for SEC flags trading app gimmicks for scrutiny

He was asked about the roiling stock-trading drama involving GameStop shares that has spurred clamor for tighter regulation of Wall Street. The GameStop episode prompted lawmakers to raise concern about the business model of Robinhood, the online trading platform that hosted a wave of trading in GameStop. If confirmed to the SEC post, Gensler said, he would work to strengthen transparency and accountability in the markets. Bidenโ€™s selection of Gensler to lead the SEC signals a goal of turning the Wall Street watchdog agency toward an activist role after a deregulatory stretch during the Trump administration. The GameStop episode has bolstered political momentum toward tighter regulation of the securities markets, though Republican lawmakers and regulators generally will oppose new rules.

No description available

GameStop soars again; Wall Street bends under the pressure

Read full article: GameStop soars again; Wall Street bends under the pressure

GameStop's stock is back to the races Friday, and the overall U.S. market is down again, as the saga that's captivated and confused Wall Street ramps up the drama. AdThe assault is directed squarely at hedge funds and other Wall Street titans that had bet the struggling video game retailerโ€™s stock would fall. Wall Streetโ€™s focus remains squarely on GameStop and other moonshot stocks. After their success with GameStop, traders have been looking for other downtrodden stocks in the market where hedge funds and other Wall Street firms are betting on price drops. These last few weeks I've started caring again; feeling impassioned again; wanting more again.โ€Most of Wall Street and other market watchers say they expect the smaller-pocketed investors who are pushing up GameStop to eventually get burned.

No description available

Robinhood agrees to pay $65 million to settle SEC charges

Read full article: Robinhood agrees to pay $65 million to settle SEC charges

Robinhood Financial agreed to pay $65 million to settle government charges that it failed to disclose the full details of its dealings with high-speed traders and didn't get the best prices for customers trading on its app, the Securities and Exchange Commission said Thursday. (AP Photo/Patrick Sison)NEW YORK โ€“ Robinhood Financial agreed to pay $65 million to settle government charges that it failed to disclose the full details of its dealings with high-speed traders and didn't get the best prices for customers trading on its app, the Securities and Exchange Commission said Thursday. The charges stem from an investigation by the SEC into how Robinhood disclosed its arrangements with high-speed traders. Beyond the $65 million payment, Robinhood also agreed in its settlement to get an independent consultant to review its policies and procedures relating to customer communications and other issues. A year ago, the Financial Industry Regulatory Authority fined Robinhood $1.25 million after accusing it of not doing everything it should to find the best prices for customers trading stocks.

No description available

China's Luckin Coffee to pay $180 million fine in fraud case

Read full article: China's Luckin Coffee to pay $180 million fine in fraud case

FILE - In this May 18, 2019, file photo, customers sit inside a Luckin Coffee shop at a shopping center in Beijing. Chinas Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges, the Securities and Exchange Commission says Thursday, Dec. 17, 2020. (AP Photo/Mark Schiefelbein, File)Chinaโ€™s Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges, the Securities and Exchange Commission says. The Chinese rival to Starbucks fabricated more than $300 million in retail sales, the SEC said in a statement. The SEC said some Luckin employees tried to hide the fraud by logging inflated expenses and entering false information in the companyโ€™s accounts.

No description available

SEC Chair Clayton leaving post as top financial regulator

Read full article: SEC Chair Clayton leaving post as top financial regulator

Clayton, a former Wall Street lawyer who has headed the Securities and Exchange Commission as the financial markets top regulator during the Trump administration, is leaving the position at years end. (AP Photo/Jacquelyn Martin, File)WASHINGTON โ€“ Jay Clayton, a former Wall Street lawyer who has headed the Securities and Exchange Commission as the financial marketsโ€™ top regulator during the Trump administration, is leaving the position at yearโ€™s end, the SEC announced Monday. One of President Donald Trumpโ€™s earliest appointments in 2017, Clayton has presided over a deregulatory push to soften rules affecting Wall Street and the financial markets, as Trump pledged when he took office. Before his appointment, Clayton was a partner in the prominent law firm Sullivan & Cromwell, where he did significant legal work for Wall Street powerhouse Goldman Sachs and other financial giants. That background led several Democratic senators to seek assurances from Clayton regarding potential conflicts of interest during his confirmation process.

No description available

Team investigating deadly Calif. fire seizes PG&E equipment

Read full article: Team investigating deadly Calif. fire seizes PG&E equipment

PG&E said in a filing Friday with the Public Utilities Commission that investigators with the California Department of Forestry and Fire Protection seized some of its electrical equipment near where the Zogg Fire started Sept. 27. Customers in the area where the fire started, near Zogg Mine Road and Jenny Bird Lane north of Igo, are served by a 12,000-volt PG&E circuit. On the day the Zogg Fire began, the utilityโ€™s automated equipment in the area โ€œreported alarms and other activity between approximately 2:40 p.m. and 3:06 p.m.,โ€ PG&E told regulators. The blaze nearly wiped out the entire town of Paradise and drove PG&E into bankruptcy early last year. ___The headline of this story has been corrected to show that PG&E did not tell California that its equipment may have started the fire.

No description available

JPMorgan to pay $920M for manipulating bond, metals markets

Read full article: JPMorgan to pay $920M for manipulating bond, metals markets

NEW YORK โ€“ JPMorgan Chase admitted Tuesday to manipulating the markets for precious metals and U.S. Treasuries, agreeing to pay $920 million in fines and penalties for the illegal behavior. U.S. financial regulators and the Department of Justice said traders at JPMorgan used a tactic known as โ€œspoofingโ€ over an eight-year period. In the case of the U.S. Treasury market, the Securities and Exchange Commission said JPMorgan traders submitted both trades they intended to act upon as well as spoof trades. It will also pay fines and penalties to the SEC as well as the Commodity Futures Trading Commission. ____This story has been corrected to show that JPMorgan is paying fines to the Commodity, not Commodities, Futures Trading Commission.

No description available

BMW fined $18 million for inflating monthly US sales figures

Read full article: BMW fined $18 million for inflating monthly US sales figures

DETROIT โ€“ BMW will pay an $18 million fine to settle allegations that it inflated its monthly U.S. sales numbers for five straight years. The Securities and Exchange Commission said Thursday that the German luxury automaker kept a reserve of unreported sales that it drew on to meet monthly targets from 2015 to 2019. BMW disclosed the misleading information while raising about $18 billion in several corporate bond offerings, the agency said. The reserve of unreported sales was referred to internally as โ€œthe bank,โ€ the agency said. BMW AG, BMW North America and BMW US Capital did not admit or deny the agency's findings.

No description available

Questions being raised after Kodak's stock has a big moment

Read full article: Questions being raised after Kodak's stock has a big moment

Eastman Kodak's potentially lucrative deal to help the U.S. government make more generic drugs domestically is threatening to turn into a regulatory headache for the fallen photography giant. Kodak's depressed stock price surged last week before the company announced its plans to work with the President Donald Trump's administration in exchange for a $765 million loan. The conversion resulted in Kodak issuing nearly 30 million additional shares, undercutting the value of the stock already outstanding. Kodak's stock closed at $14.40 after falling 3.6% in Tuesday's trading. Any investigation is likely to focus in an abrupt rally and trading frenzy in Kodak's stock before the company and the Trump administration made their announcement.

No description available

Local pastor, wife accused of defrauding investors, swindling at least 1,000 people out of $500K

Read full article: Local pastor, wife accused of defrauding investors, swindling at least 1,000 people out of $500K

On July 22, A Harris County grand jury indicted former pastor Larry Donnell Leonard II and his wife Shuwana on felony charges of securities fraud and aggregate theft. The Leonards own and operate Teshuater, an alkaline bottled water company and Teshua Business Group. โ€œYour 4,000 shares that you purchased today are worth $1,240,โ€ Larry Leonard says on a video recorded in 2017 as his wife sits by his side calculating the math. When reached by phone, Larry Leonard told KPRC 2 on the advice of his attorney, he could not comment on the charges. The Harris County District Attorneyโ€™s Office says they are waiting for the couple to turn themselves in.

No description available

Pick for top NY prosecutor won't withdraw from Trump matters

Read full article: Pick for top NY prosecutor won't withdraw from Trump matters

(Brendan Smialowski/Pool via AP)WASHINGTON President Donald Trumps pick to be the top federal prosecutor in Manhattan won't say whether he would withdraw from overseeing matters related to Trump in his current job, as Securities and Exchange Commission chairman, or if confirmed as U.S. attorney. Under questioning from Democrats, Clayton pledged to be independent as U.S. attorney but would not commit to stepping aside from matters related to Trump or his associates. Clayton would not say whether he had talked to anyone at Trumps organization or in his family about the nomination. Under her questioning, Clayton declined to say whether he had approached Trump and Barr about the job or whether they had approached him. But those Democrats have already rejected the nomination and say Clayton should withdraw.

No description available

Supreme Court rules SEC can recoup money in fraud cases

Read full article: Supreme Court rules SEC can recoup money in fraud cases

WASHINGTON The Supreme Court on Monday preserved an important tool used by securities regulators to recoup ill-gotten gains in fraud cases. Last year, the SEC obtained $3.2 billion in repayment of profits from people who have been found to violate securities law. The Supreme Court in 2017 unanimously limited the SECs ability to go after profits where alleged fraud has been going on for years before authorities file charges. That case left open the question the high court answered Monday, that courts have the authority to order disgorgement of profits. The SEC has continued to aggressively pursue defendants profits in fraud cases.

BACK TO TOP
  • TV Listings

  • Email Newsletters

  • RSS Feeds

  • Contests and Rules

  • Contact Us

  • Meet the Team

  • Careers at KPRC

  • Closed Captioning / Audio Description

  • Public File

  • Current EEO Report

  • Terms of Use

  • Privacy Policy

  • Do Not Sell My Info

  • FCC Applications

Follow Us
Visit our YouTube page (opens in a new tab)
Visit our Facebook page (opens in a new tab)
Visit our Instagram page (opens in a new tab)
Visit our X page (opens in a new tab)
Visit our RSS Feed page (opens in a new tab)
Get Results With OmneOmne Results Logo

If you need help with the Public File, call (713) 778-4745

At KPRC, we are committed to informing and delighting our audience. In our commitment to covering our communities with innovation and excellence, we incorporate Artificial Intelligence (AI) technologies to enhance our news gathering, reporting, and presentation processes. Read our article to see how we are using Artificial Intelligence.


Graham Media Group LogoGraham Digital Logo

Copyright ยฉ 2025 Click2Houston.com is managed by Graham Digital and published by Graham Media Group, a division of Graham Holdings.

search by queryly Advanced Search