Disclosure

Regulation

SEC Urges Heightened Disclosure During Volatility

Companies should address “the effects of a potential ‘short squeeze’ due to a sudden increase in demand for your stock.”

Matthew Heller
February 9, 2021
Disclosure

Clover Health Shares Rally After Short-Seller’s Report

Hindenburg Research faulted the insurer for not disclosing it was under investigation by the U.S. Department of Justice.
Legal

Former WageWorks CFO, CEO Settle Accounting Case

Ex-CEO Joseph Jackson and ex-CFO Colm Callan allegedly made false statements that resulted in the improper recognition of $3.6 million in revenue.
Fraud

Luckin Coffee Fined $180M in Accounting Fraud

The SEC says the Chinese retailer fabricated more than $300 million in coupon sales to present a false picture of rapid growth to investors.
Accounting & Tax

GE Fined $200 Million for Accounting Irregularities

The company "materially misled investors about how it was generating reported earnings and cash growth as well as latent risks in its insurance business."
Legal

Cheesecake Factory Fined Over COVID Disclosures

In the first enforcement action of its kind, the SEC says the company falsely claimed its restaurants were "operating sustainably" during the pandemic.
Legal

Interface, ex-CFO Fined $5M for Inflating Earnings

The SEC says the carpet maker adjusted its accounting when its forecasts indicated it would likely fall far short of analysts' earnings estimates.
Legal

Sequential Brands Accused of Accounting Fraud

The SEC says senior finance personnel improperly accounted for goodwill to create a false impression of the company's financial health.
Disclosure

CFTC Urges Changes to Climate Risk Disclosure

Current rules have "not resulted in disclosures of a scope, breadth, and quality to be sufficiently useful to market participants and regulators."
Regulation

Under Armour CFO Warned of Possible SEC Action

The sneaker company says David Bergman received a Wells Notice indicating he is facing an enforcement action over its accounting practices.
Disclosure

AmTrust, Ex-CFO Fined for Improper Disclosure

The SEC says former finance chief Ronald Pipoly failed to properly disclose the company’s process for reporting management’s best estimate of loss reserves.
Disclosure

Argo Group Fined Over Perks to ‘Bon Vivant’ CEO

The SEC says the insurer failed to disclose more than $5.3 million in perks that it provided to former CEO Mark Watson from 2014 through 2018.
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