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Stock impact report

Conn's, Inc. Announces Settlement with the Securities and Exchange Commission

Conn's, Inc. (CONN) 
Last conn's, inc. earnings: 4/14 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.conns.com
Company Research Source: GlobeNewswire
THE WOODLANDS, Texas, July 15, 2019 (GLOBE NEWSWIRE) -- Conn's, Inc. (NASDAQ: CONN), a specialty retailer of furniture and mattresses, home appliances, consumer electronics and home office products, and provider of consumer credit, today announced that it has reached a settlement with the Securities and Exchange Commission (the “SEC”). The settlement arises from the previously disclosed SEC investigation commenced in November 2014 into the Company’s underwriting policies and bad debt provisions from July 31, 2012 to July 31, 2014.  In connection with the settlement process, the SEC today filed a civil complaint and agreed judgment against the Company and a former officer in the U.S. District Court for the Southern District of Texas. Without admitting or denying the allegations in the SEC’s complaint, the Company consented to the entry of a final judgment pursuant to which it will pay a civil monetary penalty of $1.1 million to the SEC. There will be no current period financial imp Show less Read more
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