Why did Boeing pay $200 million to the SEC? - Search
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  2. Misled investors about its 737 MAX

    Boeing Co will pay $200 million to settle civil charges by the U.S. Securities and Exchange Commission that it misled investors about its 737 MAX, which was grounded for 20 months after two fatal crashes killed 346 people, the agency said on Thursday.
    www.reuters.com/business/aerospace-defense/boeing-pay-200-million-settle-civil-charges-it-misled-investors-about-737-max-2022-09-22/
    www.reuters.com/business/aerospace-defense/boeing-pay-200-million-settle-civ…
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    Why did Boeing pay $200 million?Boeing Co. agreed to pay $200 millionto settle a Securities and Exchange Commission investigation into allegations that the plane maker and its former chief executive made misleading statements about the 737 MAX’s safety risks after two of the jets crashed. Copyright © 2023 Dow Jones & Company, Inc.
    Did Boeing mislead the SEC?Boeing Co (NYSE: BA) has agreed to pay $200 million to settle civil charges by the U.S. SEC that it misled public statements following crashes of airplanes in 2018 and 2019. The crashes involved Boeing's 737 MAX airplane and a flight control function called the Maneuvering Characteristics Augmentation System (MCAS).
    Did Boeing pay $1 million to settle charges?The SEC also said former Boeing Chief Executive Dennis Muilenburg had agreed to pay $1 million to settle charges. Both Boeing and Muilenburg did not admit or deny the SEC’s findings, the agency said. A fund will be established for the benefit of harmed investors, it said. Boeing shares rose 0.4% in after-hours trading.
    Did Boeing mislead investors about safety?More than half the world’s population sees AP journalism every day. Boeing will pay $200 million to settle charges that it misled investors about the safety of its 737 Max jets after two of the planes crashed, killing 346 people.
     
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