ADM to Pay $40 Million to Settle SEC Accounting Fraud Probe
Archer-Daniels-Midland Co. agreed to pay $40 million to settle US Securities and Exchange Commission allegations that former executives sought to boost a flailing business unit’s bottom line to meet company...
By Nicola M White, Erin Ailworth, Jeff Sutherland · Bloomberg Markets
Archer-Daniels-Midland Co. agreed to pay $40 million to settle US Securities and Exchange Commission allegations that former executives sought to boost a flailing business unit’s bottom line to meet company targets, the regulator said Tuesday.