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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-03-02T20:00:00
An Oregon-based freight transportation company and its former chief executive officer will pay a total of $1.1 million to settle charges from the Securities and Exchange Commission (SEC) the firm failed to disclose perks related to the use of a private jet owned by the CEO.
Greenbrier Companies agreed to pay a $1 million fine and cease and desist from future violations of federal securities law as part of its settlement. The company’s co-founder, former CEO, and former executive chairman, William Furman, agreed to pay a $100,000 penalty. Furman will continue to serve on Greenbrier’s board of directors until 2024, the SEC said.
Neither Greenbrier nor Furman admitted or denied the agency’s findings.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
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