DBRS also charged with disclosure and internal controls violations September 29, 2023/US SEC The Securities and Exchange Commission today announced charges against credit rating agencies DBRS Inc. and Kroll Bond Rating Agency, LLC (KBRA) for longstanding failures to preserve electronic records, including off-channel communications on personal and work-issued devices. Additionally, […]
Frauds & Scandals
SEC Charges Newell Brands and Former CEO for Misleading Investors About Sales Performance
September 29, 2023/US SEC The Securities and Exchange Commission today charged Newell Brands Inc., a Georgia-based consumer products company and its former CEO, Michael Polk, with misleading investors about Newell’s core sales growth, a non-GAAP (Generally Accepted Accounting Principles) financial measure the company used to explain its underlying sales trends. […]
Albemarle Corp. to Pay SEC More Than $103 Million to Settle FCPA Violations
September 29, 2023/US SEC The Securities and Exchange Commission today announced that Charlotte-based Albemarle Corporation, a global specialty chemicals company, agreed to pay more than $103.6 million to settle the SEC’s charges that it violated the anti-bribery, recordkeeping, and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA). […]
