Office Depot case highlights value of Reg FD policies

Comments (0) | 5 Nov 2010 | Rating | Print by Tim Human

ACL got off much more lightly as it had cultivated a culture of compliance

Last year, the SEC charged Christopher Black, the CFO of American Commercial Lines (ACL), a marine transportation and services firm, with violation of Regulation Fair Disclosure (Reg FD) and fined him $25,000. The company, however, was let off the hook.

The enforcement action at ACL provides an elucidating contrast ...

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