The SEC is reportedly investigating whether Boeing was transparent enough with shareholders about problems with the 737 Max

Boeing 737 Max

  • The Securities and Exchange Commission (SEC) is
    investigating whether Boeing gave
    shareholders sufficient information about problems with its 737 Max
    aircraft,
    Bloomberg
    reported.
  • The agency is also reportedly examining financial
    documents from the aerospace manufacturer to determine whether it
    properly accounted for the potential impact of issues associated
    with the 737 Max.
  • The SEC declined to comment. Boeing did not immediately respond
    to Business Insider’s request for comment. 
  • Visit Business
    Insider’s homepage for more stories.

The Securities and Exchange Commission (SEC) is investigating
whether Boeing gave shareholders sufficient information about
problems with its 737 Max aircraft,
Bloomberg
reported.

The agency is also reportedly examining financial documents from
the aerospace manufacturer to determine whether it properly
accounted for the potential impact of issues associated with the
737 Max.

The SEC declined to comment. Boeing did not immediately respond
to Business Insider’s request for comment. 

Read more:
Boeing’s response to the 737 Max crisis confused and frightened
people, making it hard to believe its apologies, experts
say

Boeing has come under scrutiny following two deadly crashes
involving its 737 Max aircraft. In October, a Lion Air
flight crashed and killed all 189 people on board, and in March,
an Ethiopian
Airlines
 flight crashed and killed all 157 people on
board.

The 737 Max has been grounded in many countries since March as
technology designed to prevent the aircraft from stalling has come
under scrutiny. During both crashes, the technology activated because
of false sensor readings and pushed the planes downward at too
steep of an angle, and media reports have raised questions about
how Boeing developed and communicated
about the technology. Boeing has
finished developing
a software update it will give customers to
fix the issue, but the update must first receive approval from the
Federal Aviation Administration.

The fallout from the crashes has reportedly cost
Boeing at
least $1 billion
.

Read Bloomberg’s full story
here
.

SEE ALSO: Southwest
Airlines is going to allow people who don’t want to fly on the
Boeing 737 Max to switch planes for free


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The SEC is reportedly investigating whether Boeing was transparent enough with shareholders about problems with the 737 Max