Good morning. The investigation into agricultural giant Archer Daniels Midland’s (ADM) accounting issues tied to its nutrition segment has made headlines over the past few years.
ADM announced on Tuesday that it has entered into a settlement agreement with the U.S. Securities and Exchange Commission (SEC) to resolve its investigation into ADM’s prior reporting of inter-segment sales, without admitting or denying any wrongdoing. As part of the settlement, ADM agreed to pay a $40 million penalty.
