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Crops, Reuters

Monsanto to pay U.S. SEC settlement over Roundup earnings

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Washington | Reuters — Monsanto will pay US$80 million to settle civil accounting violations after it allegedly misstated its earnings in connection with its top-selling Roundup product, U.S. securities regulators said Tuesday. The U.S. Securities and Exchange Commission (SEC) also said three accounting and sales executives have agreed to settle charges in connection with the […] Read more
Hogs, Livestock, Reuters

U.S. SEC announces settlement with AgFeed over accounting fraud

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Washington | Reuters — A Tennessee animal feed company will pay back US$18 million in alleged illicit profits to settle civil accounting fraud charges, U.S. regulators said Monday. AgFeed Industries, which is currently in bankruptcy, was charged by the Securities and Exchange Commission in March in connection with charges that it reported fake revenue from […] Read more
General, Markets

U.S. regulator admits failure in PFG oversight

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The U.S. futures regulator acknowledged on Tuesday the regulatory system had failed to protect the customers of PFGBest, which collapsed last week as its founder admitted to a US$100 million fraud spanning two decades. In testimony before the U.S. Senate’s agriculture committee, Commodity Futures Trading Commission chairman Gary Gensler was also expected to outline his […] Read more

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