( February 2, 2021, 21:34 GMT | Official Statement) -- MLex Summary: Joseph Jackson, the former chief executive of WageWorks, and Colm Callan, the San Francisco Bay Area company’s ex-chief financial officer, agreed to pay a total of $2.2 million to settle US Securities and Exchange Commission charges that they made false and misleading statements and omissions that led to inflated revenue recognition by the company. The settlements include reimbursement to WageWorks, a Flexible Spending Account services provider, of incentive-based compensation and profits from the sale of company stock, the SEC said.Statement and document follow below:...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.