Healthcare Services Group Settles Sec Charges

Related Healthcare Services Group Settles Sec Charges Online

SEC Charges Healthcare Services Company and CFO for …

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Healthcare Services Group Settles SEC Charges Alleging It ... - WSJ

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Healthcare Services Group settles SEC charges for $6M

1 day ago Aug 24, 2021  · alfexe/iStock via Getty Images. Healthcare Services Group, Inc (NASDAQ:HCSG-1.1%) has agreed to pay $6M to settle charges from the Securities and …

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Healthcare Services Group Settles SEC Suit for $6 Million, …

1 week ago Sep 01, 2021  · Healthcare Services Group, Bensalem, was charged by the Securities and Exchange Commission for accounting and disclosure violations. ... Healthcare Services …

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Healthcare services company settles SEC charges

1 week ago Aug 24, 2021  · The SEC said in a statement that in 2014 and 2015 the company, which provides housekeeping, dining and other services to healthcare facilities, failed to disclose issues …

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Healthcare Services Settles Charges Brought by SEC - WSJ

1 week ago Healthcare Services Group agreed to pay $800,000 in fines without admitting U.S. Securities and Exchange Commission charges that it and two officers violated disclosure rules in documents …

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Healthcare Services Group Settles SEC Charges Alleging It …

2 days ago Aug 24, 2021  · Healthcare Services Group Settles SEC Charges Alleging It Inflated EPS. Published: Aug 24, 2021, 10:17 PM UTC Wall Street Journal Healthcare Services Group Inc. …

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SEC charges healthcare services company engaged in …

1 week ago Aug 25, 2021  · Yesterday, the SEC announced settled charges against Healthcare Services Group, Inc., a provider of housekeeping and other services to healthcare facilities, its CFO …

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Healthcare services company settles SEC charges

1 week ago A company that provides services to healthcare facilities will pay $6 million to settle charges of accounting and disclosure violations that enabled it to report earnings per share that met …

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Healthcare Services Group to pay $6 mln SEC fine over …

2 days ago Aug 24, 2021  · Healthcare Services Group Inc agreed to pay a $6 million fine to settle U.S. Securities and Exchange Commission civil charges over accounting and disclosure violations …

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Healthcare Services Group reaches $6M settlement deal with the …

1 week ago Aug 24, 2021  · Healthcare Services Group has agreed to pay $6 million to settle charges that the Bensalem company engaged in accounting and disclosure violations that enabled it to …

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Healthcare Services Group Settles an Accounting Lawsuit for $6 …

6 days ago Aug 25, 2021  · News.law August 25, 2021. 0 134. Healthcare Services Group has agreed to pay $6 million to settle charges that its CFO failed to record loss contingencies from legal …

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Healthcare Services Group settles SEC charges for $6M

1 week ago Aug 24, 2021  · Healthcare Services Group, Inc (HCSG-1.1%) has agreed to pay $6M to settle charges from the Securities and Exchange Commission that the company engaged in …

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Healthcare Services Group to pay $6 mln SEC fine over inflated …

2 days ago Aug 24, 2021  · August 24, 2021, 6:20 AM · 1 min read. Aug 24 (Reuters) - Healthcare Services Group Inc agreed to pay a $6 million fine to settle U.S. Securities and Exchange Commission …

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Healthcare Services Group Inc., HCSG Quick Chart - (NAS) HCSG ...

3 days ago Jul 06, 2020  · Healthcare Services Group Settles SEC Charges Alleging It Inflated EPS The Wall Street Journal Interactive Edition. Monday, July 06, 2020. 06:16 AM ET. Healthcare …

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SEC Charges New Jersey Investment Adviser in Multi-Million Dollar ...

6 days ago Sep 02, 2010  · SEC Charges New Jersey Investment Adviser in Multi-Million Dollar Offering Fraud FOR IMMEDIATE RELEASE 2010-163. Washington, D.C., Sept. 2, 2010 — The …

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SEC Charges New Jersey Fund Manager With Securities Fraud

4 days ago Oct 01, 2015  · The Securities and Exchange Commission today charged a New Jersey fund manager and his firm with defrauding investors by lying about his credentials, concealing …

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FAQ about healthcare services group settles sec charges?

What does the SEC's order on hcsg mean for You?

The SEC's order finds that in 2014 and 2015, HCSG, a provider of housekeeping, dining, and other services to healthcare facilities, failed to timely accrue for and disclose material loss contingencies related to the settlement of private litigation against the company, as required by U.S. Generally Accepted Accounting Principles. ...

Why did hcsg fail to report losses related to litigation?

"HCSG repeatedly failed to record loss contingencies related to litigation settlements despite mounting evidence that such liability was probable and reasonably estimable, while misleading investors by reporting inflated net income and consistent EPS growth," said Anita B. Bandy, Associate Director of the SEC's Division of Enforcement. ...

Why did hcsg report multiple quarters of Record EPS growth?

By failing to properly record the loss contingencies in the appropriate quarters, which would have had the effect of reducing the company's income, HCSG reported EPS that met to the penny or came close to meeting research analyst consensus EPS estimates and reported multiple quarters of EPS growth, including then-record-high EPS. ...

Who is responsible for hcsg's violations?

The order further finds that Shea caused HCSG's violations, and Warner caused HCSG's books and records and internal controls violations. ...