The company that operates the financial news website TheStreet.com and three executives have settled federal civil charges of accounting fraud.» Read More
*On April 24 board approved dismissal of KPMG llp as the company's independent. registered public accounting firm- SEC filing. *Source text for Eikon* Further company coverage ().
Dec 18- Three former executives of the TheStreet Inc have agreed to pay civil penalties totaling $375,000 to settle accounting fraud allegations, the U.S. Securities and Exchange Commission said on Tuesday.
The SEC said the company filed false financial reports in 2008 by reporting revenue from fraudulent transactions at a subsidiary. "Without admitting or denying the allegations, the three executives and TheStreet agreed to be permanently enjoined from future violations of the federal securities laws," the SEC said in a statement.
The company that operates the financial news website TheStreet.com and three executives have settled federal civil charges of accounting fraud.
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