1. SEC fines Zenefits nearly $1 million for misleading investors

    SEC fines Zenefits nearly $1 million for misleading investors

    The SEC is showing its muscle in Silicon Valley with a crackdown on bad behavior, starting with unicorn startup Zenefits and its former CEO Parker Conrad. First noted on BuzzFeed, the human resources startup has agreed to pay nearly $1 million in fines to settle accusations made by the SEC that the company made, “materially false and misleading statements and omissions” to…

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    1. This settlement closes the chapter on a journey we began 18 months ago to transform Zenefits through new values and leadership. We are pleased that the SEC clearly acknowledged our cooperation, our extraordinary remedial efforts, and our commitment to compliance.
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