SEC

U.S. Securities and Exchange Commission

FILE - In this May 15, 2015, file photo, United Airlines Chairman, President and Chief Executive Officer Jeff Smisek, speaks during a panel discussion on unfair international competition at the National Press Club in Washington. United Airlines said Tuesday, Sept. 8, 2015, that Smisek has stepped down as CEO, chairman and president effective immediately and has named Oscar Munoz as president and chief executive officer. | AP Photo/Manuel Balce Ceneta

United Airlines Chief Executive Steps Down Amid Federal Corruption Investigation

Jeff Smisek exits as federal officials investigate whether airline improperly tried to influence officials at the Port Authority of New York and New Jersey.

The U.S. Securities and Exchange Commission told United States District Judge Paul G. Gardephe his delay in ruling on whether Congressional staffers must obey subpoenas is impeding an insider-trading probe tied to the U.S. House Ways and Means Committee.

SEC Tells Judge House Insider-Trading Probe Impeded By His Delay

The SEC told a federal judge his delay in ruling on whether Congressional staffers must obey subpoenas is impeding an insider-trading probe tied to the U.S. House Ways and Means Committee.