Boeing being investigated by SEC over 737 Max groundings: report
The U.S. Securities and Exchange Commission is investigating Boeing Co. BA, +1.68% over disclosures related to the 737 Max issues, according to a Bloomberg report on Friday that cited people familiar with the matter.
The 737 Max family has been grounded since March following two fatal crashes that pointed to a problem related to one of the aircraft's anti-stall features. Officials in the SEC's enforcement division are examining whether Boeing properly disclosed to shareholders the material problems with the plane, Bloomberg said. Boeing shares have lost 1% in the past 12 months, versus gains around 4% for the S&P 500 index SPX, +0.29% and 3% for the Dow Jones Industrial Average DJIA, +0.
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