Evoqua Water to pay $8.5 mln to settle U.S. SEC accounting charges
13/03/2023 13:49
March 13 (Reuters) - Evoqua Water Technologies Corp
AQUA.N will pay an $8.5 million civil fine to settle U.S.
Securities and Exchange Commission charges over improper
accounting practices that materially misstated the water
treatment company's revenue in 2017 and 2018, the regulator said
on Monday.
The settlement also resolves charges against Imran Parekh, a
former division-level finance director at the Pittsburgh-based
company, the SEC said.
(Reporting by Jonathan Stempel in New York)
((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters
Messaging: jon.stempel.thomsonreuters.com@reuters.net))
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