A Minnesota-based agricultural cooperative settled charges levied by the Securities and Exchange Commission (SEC) that the company violated federal securities laws when it filed materially false financial statements with the agency over five years.
CHS is a global agribusiness owned by farmers, ranchers, and cooperatives across the United States, according to its website. In its settlement with the SEC, the company agreed to cease and desist from future violations of federal securities laws but was not fined or otherwise penalized.
