Day: June 9, 2020

Argo Group Fined Over Perks to ‘Bon Vivant’ CEO

Insurance firm Argo Team International Holdings has agreed to pay out $900,000 to settle expenses that it failed to disclose extra than $five.3 million in benefits to its former CEO, together with particular use of  company aircraft.

Mark Watson stepped down as CEO in November 2019, soon immediately after Argo reported it experienced gained subpoenas from the U.S. Securities and Trade Fee trying to get documents relevant to its disclosures about government compensation.

The SEC issued an administrative buy past week acquiring Argo understated the price of benefits it gave Watson from 2014 by means of 2018 by four hundred%,

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