The Securities and Exchange Commission said Thursday that the German luxury automaker kept a reserve of unreported sales that it drew on to meet monthly targets from 2015 to 2019.
“Companies accessing U.S. markets to raise capital have an obligation to provide accurate information to investors,” Stephanie Avakian, the SEC's Enforcement Division director, said in a statement.maintain a leading retail sales position among other luxury automakers, the agency said. also paid dealers to designate vehicles as demonstrators or loaners so that they could be counted as sales, the SEC said.outbreak forced it to close offices and make workers stay home. The cooperation was taken into account when the penalty was imposed, the agency said.
Siemens, BMW, Volkswagen, Deutsche Bank....is Germany so corrupt?
That’s why I always buy a Mercedes Benz baby.
Crooks
So only a thousandth a percent of what they raised in corporate bonds during that time? Basically a slap on the wrist.
I I heard Trump was doing that too on his properties that’s what everybody saying Trump has the greatest properties they’re worth billions of dollars🙄
I just scrolled the entire ABC News website and I can't find a single story regarding the findings of the Durham probe. .abcnews This is pure negligence on behalf of ABC News.
Sounds like they inflate everything. BMW dealership was going to charge me almost $3,000 to replace the idrive, gear shift, and brake button. Got parts on eBay and cost me $200 in 20 minutes.
Why aren’t any executives going to jail?
Why they tripping
Dang.
😭😭😭
それ約分できるんじゃね
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