SEC Drops its Investigation in Charter's Cable Business

The Securities and Exchange Commission (SEC) has concluded its enforcement action against Charter Communications. The investigation generally concerned the Charter's determination of the number of its customers, various accounting practices and procedures concerning capitalization of certain expenses and dealings with certain vendors, including programmers and digital set-top terminal suppliers.



In the Settlement Agreement and Cease and Desist Order, Charter neither admitted nor denied any wrongdoing, and the SEC assessed no fine against the company. http://www.charter.com