The Securities and Exchange Commission said late Wednesday that it has charged MetLife Inc. MET, -0.08% with breaking federal securities laws related to books and records and internal accounting controls. MetLife agreed to pay $10 million to settle the charges and the stock was flat in the extended session Wednesday. "Investors are entitled to the reliability and accuracy of financial information," director of the SEC's New York regional office Marc Berger said in a statement. "The Commission found that MetLife's insufficient internal controls caused longstanding accounting errors." The SEC said that MetLife did not admit or deny its findings and has agreed to not to commit the same violations in the future. MetLife stock is up 25% this year, as the S&P 500 index SPX, -0.04% rose 27%.
"fine" - Google News
December 19, 2019 at 04:54AM
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MetLife agrees to $10 million SEC fine for internal control failures - MarketWatch
"fine" - Google News
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