Study: Most Firms Underreport Environmental Fines to SEC

More than 70% of firms underreport their large environmental fines to the SEC, according to research by the University of Arkansas (Fayetteville). SEC regulations require companies to report fines of more than $100,000. “These companies are violating SEC regulations, but they don’t suffer the consequences because this is an area that the SEC historically has not focused on enforcing,” says Andrea Romi, research assistant at the Applied Sustainability Center at the university’s Sam M. Walton College of Business. The study reviewed large EPA...

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