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(2) DALLAS (dpa-AFX) - The Securities and Exchange Commission have charged AT&T with repeatedly violating Regulation FD, and three mid-level investor relations employees with aiding and abetting AT&T's violations, by selectively disclosing material nonpublic information to research analysts, allowing the company to avoid falling short of Wall Street's view. The SEC's complaint, filed in federal district court in Manhattan, alleges that in March 2016 the AT&T and its investor relations executives Christopher Womack, Michael Black, and Kent Evans made private one-to-one calls to analysts at a...

The Securities and Exchange Commission is suing AT&T and three of its investor relations executives for telling Wall Street analysts about the telecom...

FOR IMMEDIATE RELEASE Washington D.C., March 5, 2021 — The Securities and Exchange Commission today charged AT&T, Inc. with repeatedly violating Regulation FD, and three of its Investor Relations executives with aiding and abetting AT&T's violations, by selectively disclosing material nonpublic information to research analysts. According to the SEC's complaint, AT&T learned in March 2016 that a steeper-than-expected decline in its first quarter smartphone sales would cause AT&T's revenue to fall short of analysts' estimates for the quarter. The complaint alleges that t...

Brendan McDermid/Reuters The SEC is seeking permanent injunctive relief and civil monetary penalties against each defendant. AT&T said that the allegations it revealed material information are "meritless." The Securities and Exchange Commission filed a lawsuit against AT&T and three of its investor relations executives for allegedly revealing nonpublic information to analysts to avoid missing revenue estimates in 2016.  The SEC filed the lawsuit in a federal court in Manhattan on Friday, and said in the complaint that AT&T violated Regulation FD, which requires ...

1. Davy is Ireland’s largest securities firm. Davy CEO Brian McKiernan resigned after regulators accused the company of a “lack of candor” with regard to a scandal involving a consortium of employees buying bonds from a client in a personal capacity without the customer knowing they were the buyers. Davy was fined 4.13 million euros […]