- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
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.
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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
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Three former commissioners of the Consumer Product Safety Commission who were fired by President Donald Trump earlier this month have filed a lawsuit against the government over their dismissal. The move joins many more court battles over Trump’s sudden slashing of government agencies, which some courts have deemed illegal, blocking ...
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The U.S. Federal Trade Commission (FTC) took action against a pair of student loan debt relief companies for allegedly deceiving borrowers. The move came despite the Trump administration’s broader efforts to roll back enforcement actions against businesses since taking office.
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