US SEC Charges Oilfield Services Firm, Former Executive With Disclosure Failures: Statement-US News | The Epoch Times

WASHINGTON— The U.S. Securities and Exchange Commission (SEC) on Monday said Texas-based oilfield services company ProPetro Holding Corp. and its founder and former chief executive officer have agreed to settle charges they failed to properly disclose some of his executive perks and two stock pledges. Without admitting or denying the SEC’s findings, ProPetro and former CEO Dale Redman agreed to cease-and-desist from further violations, and Redman agreed to pay a $195,046 penalty, the agency said in a statement. By Chris Prentice

Reuters

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GM Exploring Electric Boats, Buys 25 Percent Stake in Engine Maker-US News | The Epoch Times

Tue Nov 23 , 2021
DETROIT—General Motors is testing the water in electric boating by buying a 25 percent stake in a Seattle company that makes battery-powered outboard motors. The Detroit automaker said Monday that it bought the stake in Pure Watercraft for a venture that it says will develop and commercialize battery electric watercraft. […]

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