August 08, 2018 BY Valentina Kirilova

Sonus Networks Inc. charged with misleading revenue projections

The Securities and Exchange Commission (SEC) has announced that it has charged a cloud communications company and two executives with providing misleading quarterly revenue estimates. The company and executives agreed to pay over $1.9 million in penalties to settle the SEC’s charges. According to the SEC’s order, Sonus Networks Inc.’s former CFO, Mark Greenquist, was…

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