AT&T agrees to $6.25M fine over SEC investigation
AT&T will pay a $6.25 million fine due to an SEC investigation into its disclosure of information to analysts. #pressrelease
Source: lightreading.com
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SEC.gov | SEC Charges AT&T and Three Executives with Selectively Providing Information to Wall Street Analysts
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...
Source: sec.gov
SEC files complaint over AT&T smartphone sales disclosures
News Wire Feed Light Reading 3/5/2021 WASHINGTON, DC The Securities and Exchange Commission today charged AT&T 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 compl...
Source: lightreading.com