regulatory
confidence high
sentiment neutral
materiality 0.55
Exelon and ComEd settle SEC investigation; agree to $46.2M penalty
EXELON CORP
- Settlement with SEC resolves investigation related to 2020 deferred prosecution agreement conduct.
- Civil penalty of $46.2 million plus cease-and-desist from future securities law violations.
- Exelon fully accrued the $46.2M penalty in Q2 2023, already reflected in reported financials.
- SEC order acknowledges remedial measures and compliance program enhancements by the Companies.
- Exelon and ComEd fully cooperated throughout the SEC investigation.