SARASOTA, Fla.—Pinnacle Holdings Inc. settled with the Securities and Exchange Commission relating to Pinnacle’s accounting for an August 1999 acquisition of certain Motorola Inc. assets.
Pinnacle consented, without admitting or denying the SEC’s findings, to the SEC’s entry of an administrative order that Pinnacle cease and desist from committing or causing violations of the reporting, books and records, and internal control provision of federal securities laws.
The order does not claim any violation or assess a fine against Pinnacle.
