A publicly traded special purpose acquisition company settled SEC charges relating to internal control failures that allowed its CFO to control and access its operating account with "little or no oversight."
News & Insights
An information technology company settled charges with the SEC for making material misstatements in investor disclosures regarding its non-GAAP earnings.
A global construction services company settled charges with the SEC for "inaccurate books and records and materially misstated financial statements in periodic reports filed with the SEC."
A Canadian cannabis company settled SEC charges for filing financial statements with the SEC containing material accounting errors, and failing to maintain adequate internal accounting controls.
A bank holding company settled SEC charges for (i) failure to maintain accurate records regarding commercial real estate security valuations, (ii) failure to incorporate all available market data into its valuations, (iii) issuing material misstatements relating to its valuations and (iv) related supervisory failures.