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WeWork faces US SEC inquiry into possible rule violations: Reports
short by Dharna / on Sunday, 17 November, 2019
WeWork is facing an inquiry by the US Securities and Exchange Commission (SEC) into possible financial rule violations prior to its postponed initial public offering (IPO), Bloomberg reported. The SEC is reviewing WeWork's business and disclosures to investors amid reports indicating potential conflicts of interest. Former WeWork CEO Adam Neumann reportedly owned stakes in the buildings it leased.
read more at Reuters