“Without admitting or denying the SEC’s findings, Argo consented to the SEC’s cease-and-desist order, which requires Argo to pay a US$900,000 (around £715,000) civil penalty.”
This was the revelation made by the US Securities and Exchange Commission when it announced settled charges against Argo Group International Holdings, Ltd., the insurance group headquartered in British overseas territory Bermuda which continues to be haunted by its leadership past.
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