SEC fines two companies for improperly reporting earnings, first in ‘EPS Initiative’

The US Securities and Exchange Commission fined two companies for violations that resulted in improper reporting of quarterly earnings, the regulator’s first enforcement actions under a program to detect such violations. In a statement on Monday, the SEC said carpet manufacturer Interface Inc will pay a $5 million civil fine …

Read moreSEC fines two companies for improperly reporting earnings, first in ‘EPS Initiative’