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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1098 |
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In April of 2005, the SEC settled with Global Crossings. The SEC stated that while Global Crossings did not comply with certain reporting obligations it cooperated fully with the SEC investigation. According to the SEC no " monetary penalty was assessed against the company, which neither admitted nor denied the allegations that it failed to disclose the extent to which its results depended on swaps of fiber-optic network capacity with other telecom companies " (List, para...
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According to the SEC no " monetary penalty was assessed against the company, which neither admitted nor denied the allegations that it failed to disclose the extent to which its results depended on swaps of fiber-optic network capacity with other telecom companies " (List, para.2,2007). Regulators imposed fines of $100,000 on three executives, which is a small amount compared to what this executives made in their insider trading...
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