(Photo: Diego M. Radzinschi/ALM) AT&T to Pay $6.25M to Settle SEC Charges It Leaked Internal Data to Analysts
The agency alleged that the telecom giant tried to avoid a quarterly revenue miss by sharing disappointing smartphone sales with analysts ahead of announcing earnings.
December 06, 2022 at 05:49 AM
2 minute read
AT&T will pay $6.25 million to settle Securities and Exchange Commission charges that three of its executives in 2016 leaked internal smartphone sales data to Wall Street analysts to avoid falling short of revenue forecasts.
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