Boeing to pay $200 million to settle SEC prices on deceptive traders after lethal 737 Max crashes

A Boeing 737 MAX 7 plane lands throughout an analysis flight at Boeing Subject in Seattle, Washington, September 30, 2020.

Lindsey Wasson | Reuters

Boeing can pay $200 million and its former CEO can pay $1 million to settle prices over deceptive traders within the wake of two lethal crashes of 737 Max jetliners, the Securities and Alternate Fee mentioned.

“There are not any phrases to explain the tragic lack of life led to by these two airplane crashes,” mentioned SEC Chair Gary Gensler in an announcement.

The 2 crashes — one in October 2018 and one other in March 2019 — killed all 346 individuals aboard the 2 flights and led to a worldwide grounding of the jetliners, which was first lifted in late 2020.

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