At March 1 3 , 2 0 2 5 , the Securities Exchange Commission is in the

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Question:

At March

13, 2025,

the Securities Exchange Commission is in the process of investigating a possible securities law violation by Now Chemical. The SEC has not yet proposed a penalty assessment. Now

s fiscal year ends on December

31, 2024,

and its financial statements are published in March

2025 .

Management feels an assessment is reasonably possible, and if an assessment is made, an unfavorable settlement of $

13

million is probable. What, if any, action should Now take for its financial statements?

Posted Date: May 18, 2024 10:11 AM

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