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.
2025-08-27T14:11:00Z By Adrianne Appel and Oscar Gonzalez
Synapse Financial Technologies, the troubled California fintech software provider, has agreed to let the Consumer Financial Protection Bureau (CFPB) eventually file a claim on its bankrupt estate.
2025-08-25T20:49:00Z By Adrianne Appel
JPMorgan Chase has agreed to pay $330 million to settle allegations about its role in the massive, decades-long theft of Malaysian’s 1MDB state investment fund, the bank says. An estimated $4.5 billion was robbed from the 1MDB fund, from 2009-2014, in a scheme led by Malaysian financier, Jho Low, former ...
2025-08-25T18:24:00Z By Adrianne Appel
Crypto platform Anchorage Digital has been freed of a consent order originally issued by the Treasury Department for anti-money laundering failures.
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