SEC Announces Dismissal of Action Against Former CFO of View, Inc.

SEC Dismisses Civil Enforcement Action Against Former Chief Financial Officer

On February 27, 2026, the U.S. Securities and Exchange Commission filed a joint stipulation with Vidul Prakash to dismiss, with prejudice, the Commission’s civil enforcement action against him.

As stated in the joint stipulation, the Commission’s decision to exercise its discretion and seek dismissal is “based on the facts and circumstances of this case and its ongoing review of the evidence, including evidence developed in discovery” and “does not reflect the SEC’s position on any other case.”

Musk Is on Trial Over His Tweets Ahead of Twitter Purchase

Elon Musk’s brief effort to back out of buying Twitter Inc. in 2022 is the focus of a trial that kicked off Monday over claims the world’s richest person manipulated the company’s stock price to get himself a better deal.

Musk eventually paid $44 billion for Twitter that fall, closing the buyout at the $54.20-per-share price he had originally agreed to six months earlier. But during the in-between months, a group of investors allege, Musk publicly attacked the company in a ruse to drive down its market value and benefit himself at their expense. […]

“We’re here today because Elon Musk cheated investors” in an attempt to save himself billions of dollars on the Twitter buyout, Mark Molumphy, a lawyer for the investors, told jurors in his opening statement. “The evidence will show Mr Musk knew exactly what he was doing” by tweeting out false and misleading information about the deal, the lawyer said.

Michael Lifrak, a lawyer for Musk, countered that none of the information at issue with Musk’s tweets about the deal was false.

“The evidence will show Mr. Musk didn’t commit securities fraud and it isn’t even close,” he said. He told the jury Musk will take the stand to show that his concerns about Twitter’s customer base “were real and weren’t a fraud.”

SEC, Apex Spar Over Off-Channel Communications Sweep Settlement

A Texas broker-dealer offering digital wealth management services told a US appeals court the firm received harsher settlement terms than other targets of a Biden-era SEC crackdown on companies accused of failing to preserve business-related communications on employees’ personal devices.

The Securities and Exchange Commission denied a bid from Apex Clearing Corp. to alter its settlement over off-channel communications while imposing less burdensome sanctions on other firms for similar conduct, Apex argued Monday before the US Court of Appeals for the Fifth Circuit.

But modifying an existing settlement is “not an everyday occasion,” said Judge Leslie H. Southwick….

South Korea probes $4.8 million crypto theft after tax seizure photo blunder

South Korean tax authorities lost $4.8 million of seized crypto after displaying the relevant wallets’ seed phrases in a photograph covering the Feb. 26 event.
The crypto was taken immediately after the National Tax Service (NTS) shared a photo that included hardware wallets and their secret phrases. The service apologized for the incident, Asia Business Daily reported on Sunday.

“In an effort to provide more vivid information, we did not realize that sensitive information was included and carelessly provided the original photo,” the tax office said. “This is entirely the fault of the National Tax Service (NTS), with no excuse.”