By Kyle Brasseur2023-08-31T18:46:00
Plug Power, a New York-based provider of green hydrogen and hydrogen fuel cell systems, was fined $1.25 million as part of a settlement with the Securities and Exchange Commission (SEC) over alleged accounting failures that the company agreed to fully remediate within one year or face an additional penalty.
Plug Power will be fined another $5 million should it not resolve material weaknesses it uncovered in its internal control over financial reporting (ICFR) upon restating previous annual and quarterly reports to address certain financial reporting and accounting errors, the SEC said in an administrative proceeding published Wednesday.
The company must also remedy deficiencies in its disclosure controls and procedures (DCP), the agency added.
2023-11-15T18:46:00Z By Aaron Nicodemus
The Securities and Exchange Commission fined Charter Communications $25 million for violating internal accounting control requirements related to stock buybacks.
2023-09-07T16:15:00Z By Jeff Dale
Engineering and construction company Fluor Corp. agreed to pay $14.5 million to settle allegations by the Securities and Exchange Commission that accounting deficiencies led to restatements on nearly three years of financial statements.
2023-07-05T18:46:00Z By Jeff Dale
Future FinTech Group agreed to pay $1.65 million to settle charges levied by the Securities and Exchange Commission for filing materially inaccurate annual reports and failing to maintain adequate books, records, and internal control over financial reporting.
2025-08-07T19:38:00Z By Adrianne Appel
The owners of cryptocurrency mixing service Samourai Wallet pleaded guilty to transmitting more than $200 million in criminal transactions, according to the Department of Justice.
2025-08-07T15:59:00Z By Ruth Prickett
Late payers will soon face much larger fines in the U.K. in what is promised to be the “toughest crackdown on late payments in a generation.” The scheme is intended to save the 38 businesses a day that go bust because of poor payment practices.
2025-08-06T20:18:00Z By Aly McDevitt
A delayed product hazard report cost one company criminal and civil penalties—and a mother her life. This case shows why timely reporting and executive accountability are non-negotiable for compliance teams.
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