- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2022-09-30T16:44:00
Consumer products company Tupperware Brands Corp. agreed to pay $900,000 to settle charges of failing to maintain sufficient internal accounting controls and keep accurate books and records at its Mexico affiliate, the Securities and Exchange Commission (SEC) announced.
Tupperware acquired Fuller Cosmetics, including its Mexico business, in 2005. Tupperware should have then put in place appropriate accounting policies and procedures but instead maintained the legacy practices of the unit, the SEC alleged.
Fuller Mexico relied on direct-to-customer sales by its independent sales representatives, called “Fullerettes,” according to the SEC’s order filed Thursday. The sales targets for the Fullerettes and sales directors were unrealistic, an internal investigation by Tupperware later found.
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2023-03-17T18:42:00Z By Adrianne Appel
Tupperware Brands Corp. disclosed it uncovered material weaknesses in its internal control over financial reporting as part of an announcement its 2022 annual report would be delayed.
2025-05-23T18:33:00Z By Aaron Nicodemus
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Thousands of computers and other consumer electronic devices imported into the U.S. that were certified as safe by foreign laboratories have been identified as having links to the Chinese government or military, Brendan Carr, chair of the Federal Communications Commission, said Thursday in announcing an order to close the security ...
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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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