© Reuters. FILE PHOTO: A Hertz logo is pictured on a sign at Orlando International Airport in Florida

WASHINGTON (Reuters) – Hertz Global Holdings has agreed to pay a $16 million fine to settle a case over accounting misstatement, the U.S. Securities and Exchange Commission (SEC) said in an order filed on Monday.

Beginning in 2012, “Hertz’s public filings materially misstated pretax income because of accounting errors made in a number of business units, and over multiple reporting periods,” the regulator said in its cease and desist order.

The car rental company did not admit or deny the regulator’s findings but agreed to pay the fine, the order said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

2018-12-31