SEC: American Electric Power Hit With $19 Million Penalty for Misleading Investors
January 18, 2025
January 18, 2025
WASHINGTON, Jan. 18 -- The Securities and Exchange Commission (SEC) has charged American Electric Power with misleading investors about its relationship with a nonprofit group and its internal accounting controls. The company has agreed to settle the charges for $19 million.
The SEC alleges that American Electric Power formed and funded a nonprofit group called Empowering Ohio's Economy. The company then allegedly used Empowering Ohio's Economy to make contributions to pol . . .
The SEC alleges that American Electric Power formed and funded a nonprofit group called Empowering Ohio's Economy. The company then allegedly used Empowering Ohio's Economy to make contributions to pol . . .