Regulation & Safety

Fiat Chrysler to pay $9.5 million penalty to settle SEC probe

Fiat Chrysler U.S. headquarters — (Jeff Kowalsky/Bloomberg)

DS

By:

DAVID SHEPARDSON and LISA LAMBERT

September 28, 2020 10:06 PM

WASHINGTON -- Fiat Chrysler Automobiles will pay a $9.5 million civil penalty to settle allegations it misled investors by not disclosing that it conducted only a limited internal review of its compliance with emissions regulations, the top U.S. securities regulator said Monday.

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