Transportation
Boeing’s Safety Claims Probed by SEC After Panel Blew Off Plane
- Investigation adds to US legal threats for plane maker
- Regulator is examining if firm, executives misled on safety
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The US Securities and Exchange Commission is scrutinizing statements that Boeing Co. made about its safety practices following a near-tragic January accident aboard one of its 737 Max 9 planes.
The SEC investigation is focused on whether comments by the company or its executives misled investors in violation of the Wall Street regulator’s rules, according to three people with knowledge of the probe. The probe is examining statements before and after a panel blew off during an Alaska Airlines flight shortly after takeoff on Jan. 5., leaving a gaping hole in the side of the plane, said the people, who asked not to be identified discussing the confidential investigation.