Broadwind Energy to Pay $1 Million for Accounting Violations

Broadwind Energy, an alternative energy company, has agreed to pay a $1 million penalty to the SEC for accounting and disclosure violations. According to the SEC, Broadwind Energy prevented investors from knowing that reduced business from two significant customers caused substantial declines in the company’s financial prospects.

lock iconTHIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.