AT&T settles SEC charge of disclosing nonpublic information to research analysts

The AT&T logo is seen in a store window, as airports around the country are awaiting for Verizon and AT&T to rollout their 5G technology, in the Manhattan borough of New York City, New York, U.S., January 19, 2022. REUTERS/Brendan McDermid

WASHINGTON, Dec 5 (Reuters) - The U.S. Securities and Exchange Commission said on Monday that AT&T (T.N) agreed to pay a $6.25 million penalty to settle charges of disclosing nonpublic information to research analysts.

AT&T agreed to pay the penalty and three company executives agreed to pay $25,000 apiece stemming from the charges brought in March 2021, the SEC said in a statement, adding the defendants did not admit or deny the allegations in the complaint.

Reporting by Kanishka Singh in Washington

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