SEC Charges Insiders for Failure to Disclose "going private" Transactions

    

Eight officers, directors, or major shareholders were charged by the SEC on Friday for failing to disclose to investors in a timely manner of plans to take three companies private.

Andrew Ceresney, Director of Division Enforcement said in a SEC news release, "Investors are entitled to current and accurate information about the plans of large shareholders and company insiders."

 

 

 

More here: http://www.sec.gov/news/pressrelease/2015-47.html#.VQnsOI7F8nE

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