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SEC

The SEC Gets the Case It’s Been Waiting for in Silicon Valley

Not so long ago, Theranos was flying high, its claims that it was upending the medical diagnostics business largely accepted by the public. Behind the scenes, however, some employees were growing wary of those claims, with at least one eventually reaching out to regulators to report the company’s failure to report its questionable test results. […]

Filed Under: Legal, Politics Tagged With: SEC, Silicon Valley

VCs Aren’t the Only Ones Watching Those Mutual Fund Markdowns

VCs have been watching with great interest as mutual funds mark down the value of some of their privately held, illiquid investments, including shares of Dropbox, Zenefits, and Snapchat. Turns out the SEC is watching, too. A new Wall Street Journal report says the agency “has been asking more questions of large fund firms about […]

Filed Under: Entrepreneurs, Legal Tagged With: Fidelity, markdowns, SEC, WSJ

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