American Realty Capital Properties’ stock price plunged nearly 20% on October 29th after the company disclosed that it had intentionally left mistakes in its financial statement uncorrected. 1 By November 3rd, less than a week later, American Realty Capital Properties’ shares had plummeted nearly 37% since the announcement. 2 According to Pennsylvania Governor Edward Rendell, an independent …
Continue reading “Testing Sarbanes-Oxley: The American Realty Capital Properties Scandal”