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The company said it received a so-called "Wells notice," which the SEC issues when it is planning to bring enforcement action against them. Such notices do not necessarily mean the company has engaged in wrongdoing.
The regulator has been seeking internal records from current and former OpenAI officials and directors, and sent a subpoena to the company in December, the report said, citing people familiar with the matter, adding that it followed OpenAI board's decision in November to fire Altman as CEO and oust him from the board.
The agency rewrites the law to invent a new offense: ‘shadow trading.’
Tyler Loudon, husband of a BP Plc manager, has been charged with insider trading, faces possible federal prison time and fines. He profited $1.76 million or Rs 14 crore from investing in a truck stop company.
The price of the world’s largest cryptocurrency hit an all-time high of $68,789 in November 2021 before crashing to $15,760 in December 2022. It’s now back around $50,000, but why?