ADT Inc. has been fined $100,000 by the U.S. Securities and Exchange Commission (SEC) for failure to report financial measures under Generally Accepted Accounting Principles (GAAP) while announcing its earnings results, according to an enforcement announcement released by the SEC on Dec. 26, 2018.
“ADT did not afford greater or equal prominence to comparable GAAP financial measures in two of its earnings releases containing non-GAAP financial measures,” the SEC’s enforcement announcement stated.