SEC sues Elon Musk, accusing him of withholding info from Twitter investors
The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.
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The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.
This comes just two years after Bitcoin's price dropped below $17,000 following the collapse of crypto exchange FTX.
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.
Audit firm BF Borgers allegedly failed to comply with accounting standards and fabricated audit documentation, regulators claim.
A judge has ordered Elon Musk to testify as part of the Securities and Exchange Commission's investigation into his $44 billion purchase of Twitter, now called X, in 2022.
Federal prosecutors have expanded investigations into Tesla beyond the electric vehicle maker's partially automated driving systems, and they have issued subpoenas for information instead of simply requesting it.
Elon musk has wrapped up three days on the witness stand at the securities fraud trial unfolding in San Francisco. The trial is over a tweet the Tesla CEO sent claiming he had funds "secured" to take the automaker private. Wilson Walker reports. (1/24/23)
Cryptocurrencies are extremely volatile and the U.S Securities and Exchange Commission said Friday that the Santa Clara company did not disclose to investors in 2018 the potential future risks of such sales.
Tesla CEO Elon Musk is asking a federal judge to nullify a subpoena from securities regulators and throw out a 2018 court agreement in which Musk had to have someone pre-approve his posts on Twitter.
Tesla is under regulatory investigation after a whistleblower alleged the company failed to properly disclose fire risks associated with solar panel defects.
A former vice president at Silicon Valley Bank agreed to plead guilty Wednesday to two counts of securities fraud the same day charges were filed by both the U.S. Attorney's Office and the Securities and Exchange Commission.
San Mateo gaming company the Roblox Corporation got hit with a federal class action lawsuit Tuesday for allegedly cheating users through a "clever content deleting scheme."
A former Silicon Valley information technology manager pleaded guilty in federal court in San Jose Wednesday to a charge of conspiring to commit securities fraud through insider trading of the company's stock.
A federal judge has ordered Tesla CEO Elon Musk and U.S. securities regulators to meet for at least an hour to try and settle a dispute over Musk's tweets.
A federal judge will hear oral arguments Thursday about whether Tesla CEO Elon Musk should be held in contempt of court.
Securities regulators countered Tesla CEO Elon Musk's contempt-of-court defense Monday night, writing in court papers that he brazenly disregarded a federal judge's order.
The clock is ticking down on Elon Musk's deadline to explain why he shouldn't be held in contempt of court.
Elon Musk, CEO of Bay Area based Tesla, has until March 11 to explain to a federal judge in New York why he shouldn't be held in contempt of court.
Bay Area-based Tesla CEO Elon Musk told "60 Minutes" he doesn't respect the Securities and Exchange Commission, but says he's only abiding by the terms of a settlement he made with the SEC because "I respect the justice system."
San Francisco-based Lyft is another step closer to becoming a publicly traded company.
Securities investigators have subpoenaed information from Tesla about production forecasts for the Model 3 electric car that were made last year.
Elon Musk will buy another $20 million of Tesla stock with his own money, covering the cost of the fine the company has to pay for his tweets.
Elon Musk taunted the Securities and Exchange Commission on Twitter Thursday shortly after he reached a deal with the agency to settle a lawsuit over his prior tweets.
Tesla CEO Elon Musk and the federal regulator that settled his fraud case just got some homework.
Investors are cheering Tesla's deal with the SEC that keeps Elon Musk as CEO.
A vehicle crash that seriously injured Kyle Shanahan was caused by his momentary inattention at the wheel and the other driver was not at fault, the San Francisco 49ers head coach told reporters on Tuesday.
An East Bay woman has been arrested on suspicion of assault for allegedly using bear spray during an argument in a grocery store parking lot over the weekend.
The National Weather Service has extended a beach hazards statement for the Bay Area shoreline and Central Coast into the weekend, saying sneaker waves and strong rip currents are possible.
Berkeley police arrested two people in connection with a stolen vehicle operation that had dozens of cars stripped for parts, the department said Tuesday.
U.S. households will spend roughly $4,000 per student on school supplies and lunches this year, a new analysis found.
A vehicle crash that seriously injured Kyle Shanahan was caused by his momentary inattention at the wheel and the other driver was not at fault, the San Francisco 49ers head coach told reporters on Tuesday.
An East Bay woman has been arrested on suspicion of assault for allegedly using bear spray during an argument in a grocery store parking lot over the weekend.
The National Weather Service has extended a beach hazards statement for the Bay Area shoreline and Central Coast into the weekend, saying sneaker waves and strong rip currents are possible.
Berkeley police arrested two people in connection with a stolen vehicle operation that had dozens of cars stripped for parts, the department said Tuesday.
U.S. households will spend roughly $4,000 per student on school supplies and lunches this year, a new analysis found.
Officers heard gunshots just before 3 p.m. while on patrol near Market and Jones streets and soon found a person who had been shot, police said.
The San Francisco Planning Commission has approved the first new project that qualifies under Mayor Daniel Lurie's plan to build more housing in neighborhoods across the city.
One of the missing passengers from the Volare, which sank July 14 near Alcatraz, was recovered over the weekend and identified on Monday, officials said.
California is one of five places on Earth that has a Mediterranean climate. The other four are the Mediterranean Sea, Central Chile, the western Cape of South Africa, and western and southern Australia.
Soaring health insurance premiums are forcing some small business owners to make difficult decisions about employee coverage, staffing and their future.
An East Bay woman has been arrested on suspicion of assault for allegedly using bear spray during an argument in a grocery store parking lot over the weekend.
Berkeley police arrested two people in connection with a stolen vehicle operation that had dozens of cars stripped for parts, the department said Tuesday.
The California Department of Justice will investigate Friday's fatal police shooting at a Fremont senior living center, Attorney General Rob Bonta announced on Monday.
Police in Santa Rosa announced the arrests of five people in connection with a series of vegetation and suspicious fires that have taken place over the past month.
Prosecutors in Contra Costa County have charged a former behavioral health clinician with multiple felony counts after she allegedly abused a teenager under her care.
A fire burning in eastern Santa Clara County was spreading on Monday after jumping a containment line.
The College Football Players Association has announced that Stanford has become the first team to organize a player-led chapter.
The shooting happened at a party in unincorporated Morgan Hill that had been promoted through social media, the sheriff's office said.
About 150 people gathered in downtown Mountain View Saturday evening as part of a nationwide day of action honoring two men shot and killed by U.S. Immigration and Customs Enforcement officers earlier this month.
Head coach Kyle Shanahan will have limited participation at the beginning of the San Francisco 49ers' training camp after he was injured in a crash. The team said his injuries are not life-threatening.
A fire was burning vegetation near homes in a Mill Valley neighborhood, authorities said Monday.
Invasive Aedes aegeypti mosquitoes, known for transmitting yellow fever and other diseases, have been found in the community of Vacaville, officials said.
Authorities in Solano County are investigating after a woman's body was found near Interstate 80 in Vallejo Monday afternoon.
An independent filmmaker plans to use downtown Santa Rosa as the backdrop for a scene depicting active immigration enforcement.
The Napa Planning Commission recently directed city staff to move forward with restrictions on new and expanded drive-thru facilities. Existing drive-thrus, like the Napa In-N-Out and McDonald's, would remain.
A vehicle crash that seriously injured Kyle Shanahan was caused by his momentary inattention at the wheel and the other driver was not at fault, the San Francisco 49ers head coach told reporters on Tuesday.
Grant McCray hit his first major league home run in almost two years and Tyler Mahle pitched into the seventh inning as the San Francisco Giants beat the Milwaukee Brewers 3-0.
The College Football Players Association has announced that Stanford has become the first team to organize a player-led chapter.
Center fielders Carlos Beltrán and Andruw Jones and second baseman Jeff Kent were inducted into the Baseball Hall of Fame on Sunday.
Joseph Paintsil scored a goal and JT Marcinkowski had five saves for the LA Galaxy in a 1-1 tie with the San Jose Earthquakes at Stanford Stadium.
An East Bay woman has been arrested on suspicion of assault for allegedly using bear spray during an argument in a grocery store parking lot over the weekend.
Berkeley police arrested two people in connection with a stolen vehicle operation that had dozens of cars stripped for parts, the department said Tuesday.
The California Department of Justice will investigate Friday's fatal police shooting at a Fremont senior living center, Attorney General Rob Bonta announced on Monday.
Police in Santa Rosa announced the arrests of five people in connection with a series of vegetation and suspicious fires that have taken place over the past month.
Prosecutors in Contra Costa County have charged a former behavioral health clinician with multiple felony counts after she allegedly abused a teenager under her care.
A new survey reveals that EV sales have declined significantly from a year ago, while consumers are increasingly turning to gas-powered hybrid vehicles.
Amazon Leo wants to launch a constellation of thousands of satellites to connect devices directly from space.
Artificial intelligence is at the center of a contract fight between Kaiser Permanente and some of its mental health employees.
The San Jose Earthquakes are partnering with an AI-based business-to-business platform to feature the company's logo on player uniforms and drive business growth.
With the first day of school approaching, the district announced it would implement a full phone ban to curb the negative impacts of cell phones in its schools.
Soaring health insurance premiums are forcing some small business owners to make difficult decisions about employee coverage, staffing and their future.
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
A generic version of the allergy medication Zyrtec is under recall across the U.S. over cross-contamination concerns.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A Monterey County company is now at the center of a nationwide cyclosporiasis outbreak. The Washington Post is reporting that lettuce from Taylor Farms, a company headquartered in Salinas, may have supplied contaminated lettuce to Taco Bell.
A federal appeals court on Sunday left in place a lower court decision that blocked implementation of key parts of President Trump's executive order.
Former FBI Director James Comey argued that criminal charges stemming from an Instagram post should be dropped because his speech is protected by the First Amendment.
A substance found in the work van of a Mexican immigrant killed by an Immigration and Customs Enforcement agent has tested negative for illicit drugs, the top prosecutor in Houston said Friday.
A Ukrainian woman living in the U.S. was arrested by U.S. Immigration and Customs Enforcement agents at San Francisco International Airport, in an incident caught on video.
The recent closure of an immigration court in San Francisco is adding to the strain on the Northern California immigration court system and on immigrants trying to navigate the legal system.
Berlin police did not identify the suspect, who is still at large, by name but said that he was already known to police and is from Berlin.
LGBTQ+ communities have significantly higher rates of unemployment than the general population. Kelsi Thorud reports on how the City of Oakland is empowering LGBTQ+ job seekers during Pride Month.
The fallout over the opposition by a handful of San Francisco Giants players against the team's Pride Night celebrations has prompted an investigation of Major League Baseball by the Trump administration.
Major League Baseball has warned players about writing on their uniforms after San Francisco starter Landen Roupp and two other pitchers added Bible verses to their Pride Night caps on Friday night.
Many LGBTQ+ Pride events across the country have had to scale back or even cancel due to political and financial reasons. San Francisco was on the brink. Kara St. Cyr reports.
Carly Simon, the singer known for 1970s hits like "You're So Vain," announced she has Parkinson's disease and also was treated for basal cell carcinoma.
Bay Area rapper Mistah F.A.B. was arrested in Oakland after police said he was in possession of thousands of dollars in illegal fireworks.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
An independent filmmaker plans to use downtown Santa Rosa as the backdrop for a scene depicting active immigration enforcement.
Kaylee Hottle, an Atlanta-born actress known for her role in the "Godzilla" film franchise, has died following a crash in Maryland.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
The National Weather Service has extended a beach hazards statement for the Bay Area shoreline and Central Coast into the weekend, saying sneaker waves and strong rip currents are possible for the next several days. Drew Andre reports.
After morning clouds and fog, expect breezy conditions and highs ranging from the 60s along the coast, to the 90s inland. A Beach Hazards Statement remains in effect. Jessica Burch has the forecast.
Kevin Ko reports.
A new survey reveals that EV sales have declined significantly from a year ago, while consumers are increasingly turning to gas-powered hybrid vehicles. John Ramos reports.
Sooji Nam reports.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.