eFunds Corporation Reaches Final Settlement With SEC

Saturday 20 November 2004 09:25 CET | News

eFunds has reached a final settlement in connection with a previously disclosed inquiry by the Securities and Exchange Commission (SEC). The SECs investigation concerned eFunds 2002 restatements of certain prior period financial statements.

eFunds agreed to the entry of an SEC order requiring that eFunds cease and desist from violations of the federal securities laws. The Company settled without admitting or denying the statements made in the SECs order. The settlement agreement requires no monetary payment by eFunds.

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Categories: Payments & Commerce | Payments General
Countries: World
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