FirstEnergy Corp. has been ordered by the U.S. Securities and Exchange Commission to pay a $100 million civil penalty for misleading investors about its role in the House Bill 6 scandal. The SEC found that FirstEnergy Corp. violated antifraud provisions by misrepresenting its role in HB 6 and failing to disclose payments related to the political corruption scheme.

This settlement follows the agreement reached in August for FirstEnergy to pay $19.5 million to the Ohio Attorney General’s Office and set aside $500,000 for an independent consultant to review FirstEnergy’s ethics policies. 9/13/2024