Boeing Troubles Just Got Worse
The Securities and Exchange Commission has opened an investigation into Boeing over concerns it may have misled investors, reported Bloomberg.
The investigation pertains specifically to comments made to investors about safety practices following an incident in January in which a panel flew off an Alaska Airlines-run 737 Max 9 plane midair because of a poorly installed door plug.
In response to a request for comment, a spokesperson for Boeing told Newsweek: "We don't have anything to add."
A SEC spokesperson told Newsweek: "The SEC does not comment on the existence or nonexistence of a possible investigation."
The decision by the SEC, a government oversight agency responsible for regulating the securities markets and protecting investors, to investigate Boeing is the latest in a series of blows for the American aerospace manufacturer this year.
https://www.msn.com/en-us/money/companies/boeing-troubles-just-got-worse/ar-BB1mamxo
