WEX controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile1 entries
2021
WEX agrees to SEC settlement over internal-control violations
Settlement
WEX agreed to pay $350,000 as part of a settlement with the SEC over violations of federal securities-law internal accounting control provisions. The SEC attributed accounting errors at WEX’s former Brazilian subsidiary to deficiencies in internal controls over financial reporting.
Source excerpt
Deficiencies in WEX’s internal control over financial reporting (ICFR) led to accounting errors at the company’s former Brazilian subsidiary, WEX Brazil, according to the SEC.
Financial technology service provider WEX agreed to pay $350,000 as part of a settlement with the Securities and Exchange Commission (SEC) announced Monday regarding violations of internal accounting control provisions in the federal securities laws.