October 20, 2016
FMC Technologies, Inc., Jeffrey Favret, Steven K. Croft
SANCTION AMOUNT: $2,530,000
Defendants: FMC Technologies, Inc.
Jeffrey Favret, Steven K. Croft
Settlement of charges that profits of Respondent company were overstated in one of its business segments to meet internal targets. Individual Respondents are former executives who were allegedly responsible for the overstatement, which was in the amount of $800,000 pre-tax operating profits .
- Key Docs
- Official SEC press release