EDC

SEC subpoenaes RICC for more information pertaining to 38 Studios investment, subsequent lawsuit

In September, the US Securities and Exchange Commission (SEC) began an investigation into the $75 million loan handed to 38 Studios by the state of Rhode Island’s Economic Development Corporation (EDC), which as of January 1 was renamed the Rhode Island Commerce Corporation (RICC). Today, it has come to light that the SEC has subpoenaed […]