Tag: SEC

Veteran security and anti-virus company McAfee has agreed to pay a $50 million fine for inflating its revenues by $622 million between 1998 and 2000—131% in 1998 alone. According to Red Herring, "McAfee consented to pay the multimillion-dollar penalty to the SEC without admitting or denying the allegations of the complaint." The SEC will distribute the fine among investors. [Via ...