By  Jeff Dale2023-09-07T16:15:00
Jeff Dale2023-09-07T16:15:00
 
      A Texas-based engineering and construction company 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 filed with the SEC.
Fluor Corp. agreed to cease and desist from further violations in reaching settlement, the SEC announced in a press release Wednesday. Five former and current Fluor officers and employees also settled with the agency and will pay penalties ranging from $15,000 to $25,000.
Between 2016 and 2019, Fluor failed to sufficiently maintain internal controls to account for two project bids that used “overly optimistic cost and timing estimates and subsequently experienced cost overruns that worsened over time,” the SEC alleged.
 
                
                2024-05-24T16:27:00Z By Jeff Dale
Los Angeles-based bank holding company Broadway Financial Corp. disclosed in a public filing weaknesses discovered in its internal control over financial reporting because of training shortfalls.
 
                
                2024-03-04T11:17:00Z By Kyle Brasseur
ADM disclosed it will be late in filing its annual report for 2023 as it continues to investigate potential accounting improprieties regarding its nutrition reporting segment.
 
                
                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.
 
                
                2025-10-30T19:59:00Z By Oscar Gonzalez
Texas Attorney General Ken Paxton sued two pharmaceutical companies for ”deceptively marketing Tylenol to pregnant mothers” despite risks linked to autism. The filing came two days before HHS Secretary Robert F. Kennedy Jr. appeared to walk back the claims.
 
                
                2025-10-29T20:04:00Z By Oscar Gonzalez
The Consumer Financial Protection Bureau shut down a registry of non-bank financial firms that broke consumer laws. The agency cites the costs being ”not justified by the speculative and unquantified benefits to consumers.”
 
                
                2025-10-28T21:11:00Z By Adrianne Appel
Senate Democrats warned OMB Director Russell Vought Tuesday that it would be illegal for the Trump administration to shut down the Consumer Financial Protection Bureau, citing a recent court decision barring actions that could severely harm the agency.
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