Using Sarbanes-Oxley, SEC Imposes Strict Liability Clawback Against Execs
The former CEO of Symmetry Medical and its current CFO agree to give back a total of $635,000 in incentive compensation because of a fraudulent accounting scheme at a subsidiary. This isn't the first time the SEC has brought clawback cases against individuals who aren't charged with wrongdoing, but it's one of just a handful since SOX was passed a decade ago.
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