By John Meyer, consultant in financial affairs – Eurasia Business News, January 11, 2025. Article No 1369.

The Securities and Exchange Commission (SEC) has reached a settlement with Shift4 Payments, agreeing to a payment of $750,000. This settlement addresses allegations that the payments-technology company failed to make required disclosures in several of its filings, which is a violation of securities regulations, reported the Wall Street Journal.

The SEC’s investigation revealed that Shift4 Payments did not adequately disclose certain financial practices and accounting maneuvers that potentially misrepresented its financial health. These issues came to light following a series of events, including a significant drop in the company’s stock price and the resignation of its CFO amid regulatory scrutiny.

Read also : Gold : Build Your Wealth and Freedom

Advertisements

This settlement is part of the SEC’s ongoing efforts to ensure transparency and accountability among publicly traded companies, particularly in the wake of increasing scrutiny over financial disclosures and corporate governance practices.

Shift4 Payments, Inc. is an American financial technology company specializing in payment processing solutions. Founded in 1999 by Jared Isaacman when he was just 16 years old, the company is headquartered in Allentown, Pennsylvania. Shift4 Payments serves over 200,000 businesses across various sectors, including retail, hospitality, leisure, and restaurants.

Our community already has nearly 145,000 readers!

Subscribe to our Telegram channel

Follow us on Telegram, Facebook and Twitter

© Copyright 2025 – Eurasia Business News. Article no. 1369.