Economy

Boeing to pay $200M to settle SEC charges

Pinterest LinkedIn Tumblr

ARLINGTON, Va. (NewsNation) — Boeing will pay $200 million to settle charges from the U.S. Securities and Exchange Commission that it misled investors about the 737 MAX that was grounded for 20 months after two fatal crashes killed 346 people.

The SEC also said former Boeing Chief Executive Dennis Muilenburg had agreed to pay $1 million.

“In times of crisis and tragedy, it is especially important that public companies and executives provide full, fair, and truthful disclosures to the markets. The Boeing Company and its former CEO, Dennis Muilenburg, failed in this most basic obligation,” SEC Chair Gary Gensler said.


These are the best (and worst) state capitals to live in, study finds

In a statement released Thursday, Boeing said the settlement “fully resolves the SEC’s previously disclosed inquiry into matters relating to the 737 MAX accidents.”

“We will never forget those lost on Lion Air Flight 610 and Ethiopian Airlines Flight 302, and we have made broad and deep changes across our company in response to those accidents—fundamental changes that have strengthened our safety processes and oversight of safety issues, and have enhanced our culture of safety, quality, and transparency,” the statement read in part.

Reuters contributed to this story.

© 1998 – 2022 Nexstar Media Inc. | All Rights Reserved.

Trending on NewsNation


Ex-official takes plea deal, spelling bad news for Favre

Southeast 10 mins agoVideo Icon

Video


Mysterious deaths of Russian oligarchs pile up

World Video Icon

Video


$1.3B lottery ticket winner has just days to make a decision

Midwest Video Icon

Video


Flying bike debuts with soaring price tag

Banfield Video Icon

Video


Alex Jones testifies in trial over his Sandy Hook hoax lies

Media 45 mins ago


Video: Migrants use rope to scale border wall

Border Report Video Icon

Video

Elections 2022


Dems make gains in struggle for Congress, says Decision Desk HQ

Elections 2022


Who and what will determine the 2022 midterms

Elections 2022


Republicans attack Fetterman’s crime stance

Elections 2022

Video Icon

Video


National Voter Registration Day: Here’s how to register in your state

Politics


GOP’s election-year standing with independents at risk

Elections 2022


Judge: Delaware vote-by-mail law is unconstitutional

The Whole Story


More Elections 2022

More Stories


Why Walmart, Target starting holiday deals early

Why Walmart and Target are starting their holiday deals even earlier this year.

Business 54 mins ago


Copper prices are low now- but demand, and costs, could rise

Copper prices are down now, but they might not stay that way for long, experts say.

Business 1 hour ago


Casey White’s lawyers ask judge to drop felony murder charge

Lawyers for Casey White say the felony murder charge he faces is unconstitutional.

Southeast 1 hour ago


US Embassy in Cuba to resume full immigrant visas in 2023

The Biden administration will resume full immigrant visa processing for Cubans to reunite with their family members. The practice had been halted in 2017.

World

Video Icon

Video


Experts warn prison staff shortages put lives at risk

The steady decline in staffing in the prison workforce is threatening officers, inmates and the public’s safety.

Morning In America

Video Icon

Video


FDA blames baby formula crisis on 15 missteps

There is plenty of blame to go around for the baby formula crisis, says an FDA report.

Health


Average US long-term mortgage rates climb to 6.29% this week

Mortgage rates have hit their highest point since 2007, right before the Great Recession.

Business


Can mid-career teacher programs help cover the shortage?

With teacher shortages a problem, could alternative certification programs that get new teachers in the classroom swiftly be one answer?

Education


Flying bike debuts with soaring price tag

The world’s first hoverbike is officially here, but it comes with a soaring price tag

Banfield

Video Icon

Video

More Stories


TikTok now requiring political accounts to get verified

Tech


Here’s what Donald Trump is accused of in New York lawsuit

Northeast

Video Icon

Video


Feds hike interest: How to keep credit debt low

Your Money


Nissan recalling 200K pickups over rollaway risk

Business


Flight delays not disappearing anytime soon: Pilots union

Morning In America

Video Icon

Video


New York Attorney General sues Donald Trump for fraud

Northeast

Video Icon

Video


US gas prices tick up, ending 99-day streak of lower costs

Your Money


What is a special master, specifically in the Trump case?

Politics

Video Icon

Video


NTSB wants all new vehicles to check drivers for alcohol use

Tech

Video Icon

Video


Fiona strengthens into Category 4 storm, heads to Bermuda

Weather

Gallery Icon

Gallery


Americans racking up credit card debt. Here’s why

Your Money


Who and what will determine the 2022 midterms

Elections 2022