SEC Charter Communications Settlement: See If You Are Eligible

Did you receive the SEC Charter Communications Settlement email? It is not a scam. You received the mail because you filed a claim.

Charter Communications got into a bit of a situation with the SEC. They’re shelling out $25 million to settle things up. The SEC was giving them the side-eye, accusing them of not playing by the rules with their internal stock buyback audit controls.

Who Is Eligible For The SEC Charter Communications Settlement

Charter Communications is paying over $25 million to settle things with the SEC. They were under the SEC’s watchful eye for not playing it straight with their stock buyback audit controls. You know, those rules that keep things fair in the world of trading. Following the SEC’s guidelines is supposed to protect you from insider trading heat, but Charter seems to have taken a detour. The SEC wasn’t too pleased with their buyback program’s ability to change plans once the trading party had started.

How Much Is The Settlement

Charter Communications will be paying $25 million fine from the SEC. The SEC found that the reason Charter was playing fast and loose with those accordion-style stock buybacks was because of some internal accounting controls. It seems like Charter didn’t have the right set of controls to make sure that the execs’ accordion moves aligned with what the board had given the green light to.

Conclusion

In conclusion, SEC Charter Communications Settlement is not a scam, Just like Pepsi Single-Use Plastic Lawsuit, Charter Communications will be paying $25 million fine from the SEC. The SEC found that the reason Charter was playing fast and loose with those accordion-style stock buybacks was because of some internal accounting controls.