SEC charges bankrupt fashion retailer Express for underreporting former CEO's perks by 94%.

The SEC has charged Express, a bankrupt fashion retailer, for failing to disclose nearly $1 million in perks given to its former CEO from 2019 to 2021. The company understated the CEO's compensation by 94% during this period. Express agreed to a cease-and-desist order without admitting fault, and the SEC did not impose a penalty, considering the company's cooperation and remediation efforts.

4 months ago
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