Troubled Paramount Group reveals it is under SEC investigation
Embattled Paramount Group revealed the company is under an investigation by the Securities and Exchange Commission, months after telling shareholders it made millions of dollars in previously undisclosed payments to its CEO’s companies. The publicly traded company said the SEC is investigating the firm’s disclosures related to executive compensation, perks, corporate asset use, related party transactions and conflicts of interest. The investigation will also look at controls and procedures related to those disclosures. Paramount, a large office owner in New York City and San Francisco, disclosed the existence of the investigation in a filing with the SEC announcing its second-quarter […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Design For Disassembly Can Rescue Waste And Stop Housing
Supply Issues
Mamdani’s spin can’t hide truth of Pinnacle auction
A new charge, final appearances: the Alexander brothers’
trial draws near
New York’s real estate auctions brought the intrigue
What Chris Marte’s subcommittee chair appointment means for
the industry
Building Materials One Key To Disaster Resistance
Can I Use My 401(k) to Buy a House? (What Might Be
Changing)
A Look at Google’s Attempt to Control the Real Estate
Market
A Key Stat Just Crossed a Major Milestone—And It Could Have
a Major Impact on the Housing Market
A&E to pay city $2.1M to settle violations across 14
buildings
