The U.S. Justice Department Is Probing Accounting Practices On Archer-Daniels-Midland's Ethanol Trading Desk; Probe Is Examining Whether Adm Improperly Accounted For Hedges In Its Ethanol Trading Unit
Portfolio Pulse from Benzinga Newsdesk
The U.S. Justice Department is investigating Archer-Daniels-Midland (ADM) for potential improper accounting practices related to hedges in its ethanol trading unit, according to Reuters.

March 13, 2024 | 7:39 pm
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Archer-Daniels-Midland is under investigation by the U.S. Justice Department for potentially improper accounting practices in its ethanol trading unit.
Legal and regulatory investigations, especially by entities as significant as the U.S. Justice Department, tend to have a negative impact on the stock prices of companies involved. The investigation into ADM's accounting practices could lead to fines, reputational damage, and operational disruptions, all of which are likely to negatively affect investor sentiment and the company's stock price in the short term.
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