(Reuters) - SEC attorneys received the commissioners' approval last month to seek a fine of less than $100 million from Nortel, the report said. The case may provide a sign of what penalties to expect from the SEC amid concerns that Chairman Christopher Cox is favoring companies at the expense of investors.
Neither Nortel nor the SEC immediately returned calls seeking comment.
Read more at Reuters.com Business News
Neither Nortel nor the SEC immediately returned calls seeking comment.
Read more at Reuters.com Business News
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