Final Judgment Signed Settling SEC’s AT&T Allegations
U.S. District Judge Paul Engelmayer for Southern New York signed the final judgment Monday (docket 1:21-cv-01951) ordering AT&T to pay a $6.25 million civil penalty to settle SEC allegations it violated the commission’s full disclosure regulation (see 2212040002). The three…
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AT&T investor relations executives were fined $25,000 each for their roles in selectively disclosing material nonpublic information to analysts at 20 Wall Street firms to lower the analysts’ consensus forecast for Q1 2016, enabling AT&T to meet or beat its revenue target.