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Zenefits The SEC announced on Thursday that it reached a settlement with Parker Conrad, founder of Zenefits, over allegations that the company lied to investors about if employees were properly licensed to sell insurance. Conrad is personally on the hook to pay over half a million in fines. The SEC also settled with Zenefits, which will […]
(Reuters) — Silicon Valley business software startup Zenefits and its cofounder Parker Conrad have been fined nearly $ 1 million by the U.S. Securities and Exchange Commission as part of a settlement over charges that they misled investors. Zenefits will pay a $ 450,000 penalty and Conrad, who resigned as the company’s chief executive in […]
