Ec 188474 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The US Securities and Exchange Commission (SEC) has threatened to sue Coinbase  Global Inc over some of the crypto exchange's products, turning up the heat on the largely unregulated sector. Shares of Coinbase dropped nearly 13 per cent to $67.33 in extended trading after the company said on Wednesday that the regulator had issued it a Wells notice — a formal declaration that SEC staff intend to recommend an enforcement action.

Tesla chief Elon Musk has come under the scanner of the US securities regulator over his involvement in the EV car’s self-driving claims, Bloomberg reported citing a person familiar with the development. The move is part of an ongoing investigation by the Securities and Exchange Commission (SEC) over the company’s remarks about its Autopilot driver-assistance system. Musk is already under trial for allegedly misleading investors with his 2018 tweet saying "funding secured" for taking Tesla private.