Jones Soda, the Seattle-based soda company (JSDA), on Monday said that the San Francisco regional office of the Securities and Exchange Commission terminated an informal investigation into stock trades made by company executives and board members. The SEC office does not plan to seek enforcement action, according to a letter. Jones Soda has been hit by several shareholder lawsuits.
As China’s appetite for coal is booming, American investors and businesses are cashing in. American pension and mutual-fund money is being invested in the Chinese coal industry, which is lucrative but in general has a poor record for pollution and worker safety. Even environmental groups have been largely silent on investing in Chinese coal.