Hundreds of millions of Facebook records exposed on public servers – report

Material discovered on Amazon cloud servers in latest example of Facebook letting third parties extract user data

More than 540m Facebook records were left exposed on public internet servers, cybersecurity researchers said Wednesday, in just the latest security black eye for the company. read more »

Elon Musk's battle with the SEC heads to court

A federal judge in New York will hear oral arguments Thursday in a lawsuit brought by the US Securities and Exchange Commission that seeks to hold Tesla CEO Elon Musk in contempt for violating a settlement deal. read more »

SEC Charges Transportation Company Executives With Accounting Fraud

The Securities and Exchange Commission today charged the former CFO and two former employees of a publicly traded transportation company with fraud for manipulating the company’s financial results in order to meet earnings targets and projections.

The SEC alleges that Peter Armbruster, the former CFO of Roadrunner Transportation Systems Inc., hid incurred expenses by improperly deferring and spreading them across multiple quarters to minimize their impact on Roadrunner’s net earnings.  Armbruster then allegedly manipulated certain reductions to liabilities, creating an income “cushion” that could be accessed in future quarters to offset expenses. read more »

U.S. SEC issues guidelines to help analyze crypto assets

The U.S. Securities and Exchange Commission on Wednesday issued guidelines to help market participants determine whether a digital asset qualifies as a security under federal securities laws and needs to be registered with the regulator. read more »

Boeing boasted about streamlined approval for the 737 Max. Now it's cleaning up the mess

Two years ago, Boeing was on top. Its stock was up 40% over the previous year. It was one of the hottest stocks around. The outlook for sales and profit was bright. And the company was about to start delivering its new 737 Max jet. read more »