HP fined by US SEC over manipulated sales of printing supplies
October 1: HP Inc will pay a $6 million civil fine to settle U.S. Securities and Exchange Commission charges it concealed efforts to boost sales of printing supplies in order to meet quarterly sales and earnings targets, the regulator said on Wednesday.
The SEC said some HP regional managers used incentives to accelerate, or “pull in,” sales they expected to materialize in later quarters, Reuters reported.
Sign up for our weekly newsletter to stay up to date on our product, events featured blog, special offer and all of the exciting things that take place here at Legitquest.
Add a Comment