ACS, SEC Settle $51M Options Backdating Suit
ACS consented to a permanent injunction prohibiting violations of Securities Act Section 17(a) and Securities Exchange Act sections 10(b), 13(a), 13(b)(2)(A) and 13(b)(2)(B), which together address unlawful business practices and reporting errors, the SEC said Thursday.
In settling, ACS neither confirmed nor denied the allegations made by the SEC.
The suit accused...
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