© Reuters. A Charter Communications company service van is pictured in Pasadena, California U.S., January 26, 2017. REUTERS/Mario Anzuoni/File Photo
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Tuesday that Charter Communications (NASDAQ:.O) will pay a $25 million penalty for unauthorized stock buybacks.
It said the company violated internal accounting controls requirements when it engaged in stock buybacks not authorized by its board of directors.