​Chemours: DOJ, SEC probing exec accounting misconduct


Chemours disclosed it received requests for information from the Department of Justice and Securities and Exchange Commission (SEC) regarding findings from an internal review into alleged accounting misconduct by several of its top executives.

The chemicals company’s latest update, contained within its annual report published Tuesday, follows its announcement earlier this month that its audit committee’s investigation into the actions of then-Chief Executive Mark Newman; then-Senior Vice President and Chief Financial Officer Jonathan Lock; and then-Vice President, Controller and Principal Accounting Officer Camela Wisel uncovered violations of its code of ethics regarding the promotion of full, fair, accurate, timely, and understandable disclosure.

Chemours said it was contacted by the SEC and the U.S. Attorney’s Office for the Southern District of New York and is cooperating with their requests.

lock iconTHIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.