The Securities and Exchange Commission charged Pittsburgh, Pennsylvania-based Evoqua Water Technologies Corp. and its former division-level finance director Imran Parekh for improper accounting practices that materially misstated Evoqua’s revenue reported in the company’s SEC filings during 2017 and 2018. Evoqua and Parekh have agreed to settle the charges by, among other things, agreeing to injunctions against future violations of the securities laws and Evoqua paying a civil penalty of $8.5M. Monetary and other relief against Parekh will be left to later decision by the court, the SEC said in a statement. Reference Link
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