SEC Charges Health Care Co. and Two Former Employees for Accounting Improprieties

SEC

The Securities and Exchange Commission today announced settled charges and an $18 million penalty against Baxter International Inc. for engaging in improper intra-company foreign exchange transactions that resulted in the misstatement of the company’s net income. The SEC also announced settled charges against Baxter’s former treasurer and assistant treasurer, Scott Bohaboy and Jeffrey Schaible, respectively, for their misconduct related to these transactions. read more »

Wells Fargo says federal agencies reviewing 401(k) plan

REUTERS

Wells Fargo & Co said on Tuesday U.S. government agencies, including the Department of Labor, are reviewing certain transactions in the bank's 401(k) plan. read more »

Corporate opioid payouts now being finalized would top $32 billion

NPR

Over the next two weeks, some of the biggest U.S. corporations accused of "turbocharging" the opioid epidemic could finalize payouts to victims and governments worth roughly $32 billion. read more »