Companies Filing for Bankruptcy, and SEC Fraud Enforcement Actions

A recent study found that companies filing for bankruptcy protection were three times more likely than non-bankrupt companies to face enforcement action by the Securities and Exchange Commission (SEC) relating to alleged financial statement fraud.

22 minute read March 30, 2009 at 09:49 AM
By
Toby Bishop
Companies Filing for Bankruptcy, and SEC Fraud Enforcement Actions

Companies that are entering or in danger of entering bankruptcy can potentially suffer in a variety of ways. Financial losses for investors and employees. Declines in worker performance and morale.

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