Comment on Chesapeake Energy facing formal SEC investigation

Chesapeake Energy facing formal SEC investigation

BY JAY F. MARKS Business Writer jmarks@opubco.comChesapeake Energy Corp. is facing a formal investigation by the U.S. Securities and Exchange Commission, the company confirmed Friday in a regulatory filing. The SEC's Fort Worth office initiated an informal inquiry of the Oklahoma City oil and natural gas company last year after Reuters reported on more than $1 billion in personal loans secured by CEO Aubrey McClendon, using his personal stake in Chesapeake wells as collateral. Chesapeake, which had been cooperating with the SEC, was notified Dec.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News