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Boeing fined $200m for misleading investors on 737 MAX safety

Boeing Dennis Muilenburg SEC United States New York

US regulators say Boeing and its former CEO "put profits over people", misleading the public about the safety of the 737 MAX aircraft.

NEW YORK: US securities officials fined Boeing $200 million over the aviation giant's misleading assurances about the safety of the 737 MAX airplane following two deadly crashes, regulators announced Thursday.

Boeing agreed to the penalty to settle charges it "negligently violated the antifraud provisions" of US securities laws, the Securities and Exchange Commission said in a statement, saying the company and its leader "put profits over people."

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