By Adrianne Appel2022-08-29T19:44:00
The Securities and Exchange Commission (SEC) ordered a former principal accounting officer and controller at PPG to pay $100,000 for accounting improprieties aimed at inflating the Pittsburgh-based painting supply company’s earnings per share.
Mark Kelly, who was terminated by PPG in 2018 after an internal investigation into his alleged actions, was barred from practicing as an accountant at any public firm without the right to apply for reinstatement, according to the SEC’s order published Friday. Kelly did not admit nor deny the agency’s findings in reaching settlement.
Kelly inflated earnings during the years 2016-18, according to the SEC.
2019-09-30T17:23:00Z By Jaclyn Jaeger
PPG announced the SEC and Department of Justice have ended their investigation into alleged accounting irregularities by the company and will not be issuing a financial or any other penalty.
2025-09-17T17:20:00Z By Adrianne Appel
A Florida seafood company executive has pleaded guilty to conspiring with competitors to fix the prices he paid to local fishers, an effort that impacted more than $8 million in wholesale fish and cut the pay of hundreds of fishers, the Department of Justice said.
2025-09-16T20:11:00Z By Adrianne Appel
The former CEO of a Georgia clothing business faces 25 years in prison for bribing Honduran officials to win $10 million in uniform contracts in Honduras, after being caught up in a Department of Justice Anticorruption Task Force.
2025-09-12T19:40:00Z By Oscar Gonzalez
The DOJ sued Uber Thursday, alleging it violated the Americans with Disabilities Act (ADA) by denying people with disabilities equal access to its services.
2025-09-11T20:53:00Z By Neil Hodge
Europe’s banking regulator warns that weak compliance at fintech, regtech, and crypto firms may let money laundering and terrorist financing risks slip through. The EBA also found EU regulators’ approaches are often inconsistent and unclear.
2025-09-10T22:24:00Z By Adrianne Appel
California, Colorado, and Connecticut launched a joint enforcement sweep against businesses that fail to honor consumers’ online opt-out requests, the states announced Tuesday.
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