January 19, 2017 BY Valentina Kirilova

SEC fines General Motors $1 million

The Securities and Exchange Commission (SEC) announced that General Motors (NYSE:GM) has agreed to pay a $1 million penalty to settle charges that deficient internal accounting controls prevented the company from properly assessing the potential impact on its financial statements of a defective ignition switch found in some vehicles. According to the SEC’s order, when…

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