Charter Communications to pay $25 mln penalty for unauthorized stock buybacks, SEC says

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WASHINGTON, Nov 14 (Reuters) - The U.S. Securities and Exchange Commission said on Tuesday that Charter Communications (CHTR.O) will pay a $25 million penalty for unauthorized stock buybacks.

It said the company violated internal accounting controls requirements when it engaged in stock buybacks not authorized by its board of directors. (Reporting by Jasper Ward)

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