- 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.
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.
2025-06-25T16:29:00Z By Oscar Gonzalez
In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.
2025-06-19T19:28:00Z By Ruth Prickett
Fraud now accounts for around 40% of all crime in the U.K., posing a major problem for banks and consumers. Ted Datta, head of industry practice for financial crime compliance at Moody’s, warns that the risk is growing fast.
2025-06-16T18:04:00Z By Neil Hodge
Trying to put rules in place to oversee an industry that has grown largely outside of regulation is not without serious challenges. But the UK’s Financial Conduct Authority’s (FCA) latest consultation aims to attract industry views about how some key aspects of crypto trading should be regulated ahead of planned ...
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