Securities and Exchange Commission

Robert Morgan Communities

Another federal government agency has concerns about the financial dealings of Rochester area developer Robert Morgan.

Updated at 1:05 p.m. ET on Tuesday

The Securities and Exchange Commission asked a federal judge to hold Tesla Inc. CEO Elon Musk in contempt for violating a court settlement that restricted what he could publish about his company's performance.

Updated at 1:02 a.m. ET Sunday

Elon Musk, Tesla's chief executive, has reached a deal with the Securities and Exchange Commission to settle a securities fraud charge brought against him on Thursday, the agency announced on Saturday.

Under the terms of the settlement, Musk has agreed to step down as chairman of the Silicon Valley-based company, but will remain in his post as CEO.

Updated at 9:32 p.m. ET

The U.S. Securities and Exchange Commission is suing Tesla CEO Elon Musk, alleging securities fraud a month after he announced that he planned to take the publicly traded electric-car company private.

"Musk's false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla's stock and resulting harm to investors," the lawsuit says.

Tesla said on Tuesday it was complying with a Justice Department request for documents, in connection with Chief Executive Elon Musk's announcement that he was taking the publicly traded company private.

The Securities and Exchange Commission says cybercriminals got into the agency's files last year and accessed information that might have been used to give them a secret edge in trading.

The SEC says it had known about the intrusion in 2016 into its Edgar filing system, but learned this month that "nonpublic information" accessed may have been used for "illicit gain."