Summary
American Tower Corporation (AMT) announced on June 3, 2011, that it received a subpoena from the U.S. Securities and Exchange Commission (SEC) on June 2, 2011. The subpoena requests documents covering the period from 2007 to the present, with a specific focus on the company's tax accounting and reporting practices. While the company has not disclosed the specific reasons behind the SEC's inquiry, it has stated its intention to cooperate fully with the investigation. Investors should monitor any further developments or disclosures related to this subpoena, as it could potentially impact the company's financial reporting or regulatory standing.
Key Highlights
- 1AMT received a subpoena from the SEC on June 2, 2011.
- 2The SEC is requesting documents spanning from 2007 to the present.
- 3The focus of the SEC's request is on the company's tax accounting and reporting.
- 4American Tower Corporation intends to cooperate fully with the SEC's inquiry.
- 5The filing was made on June 3, 2011, as a Current Report (8-K).
- 6The reporting period for the subpoena starts in 2007.
- 7The nature of the SEC's specific concerns regarding tax accounting is not detailed.