SEC-PR-2024-184 (11-22-24) UPS to Pay $45 Million Penalty for Improperly Valuing Business Unit Excerpt: Washington D.C., Nov. 22, 2024 — The Securities and Exchange Commission today announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst […]
Category: Misrepresentations
Misrepresentations are a serious threat to the integrity of any disclosure process. By being aware of the potential for misrepresentation and taking steps to protect yourself, you can help ensure that your decisions are based on accurate and reliable information.
SEC-PR-2024-183
SEC-PR-2024-183 (11-21-24) SEC Charges Advisory Firm La Mancha and its Owner David Kushner with Fraud – Defendants, who purported to make business loans, including to professional athletes, allegedly stole investor funds to pay for personal expenses Excerpt: Washington D.C., Nov. 21, 2024 — The Securities and Exchange Commission today charged David Kushner, a resident of […]