SEC probes Tesla over whistleblower claims on solar panel defects

REUTERS

The U.S. securities regulator has opened an investigation into Tesla Inc (TSLA.O) over a whistleblower complaint that the company failed to properly notify its shareholders and the public of fire risks associated with solar panel system defects over several years, according to a letter from the agency. read more »

Shares of EV start-up Lucid tank on SEC probe

CNBC

Shares of Lucid Group were down by as much as 19.5% during trading Monday morning following the electric vehicle start-up disclosing a probe by the U.S. Securities and Exchange Commission likely into the company’s SPAC deal to go public. read more »

Donald Trump’s media company deal is being investigated by securities regulators

NEW YORK TIMES

Securities regulators have opened investigations into the planned merger of a nascent social media company backed by former President Donald J. Trump with a so-called blank-check company that raised nearly $300 million in an initial public offering in September. read more »

Federal Jury Convicts Pharmacy Owner for Role in $174 Million Telemedicine Pharmacy Fraud Scheme

DOJ

On Dec. 2, a federal jury in Greeneville, Tennessee, convicted Peter Bolos, 44, of Tampa, Florida, of 22 counts of mail fraud, conspiracy to commit health care fraud and introduction of a misbranded drug into interstate commerce, following a month-long trial. read more »