SEC: BMW to pay $18M penalty for inflating monthly sales figure

[rjd598]

Originally Posted by Artemis

See also for example BMW Australia last Spring: here ("BMW Australia Registered Hundreds Of Demo Cars To Inflate Sales: Report") and here ("BMW bargains coming after hundreds of demo models get registered").

Lots of car companies inflate sales figures that way. Unhealthy, because making life even more difficult the subsequent year. In life there are good days and bad days, evolving with ups and downs, progress and setbacks. It's a flawed, unnatural reasoning to expect growth each year. Way too many variables as life and society moves on day after day, offering new challenges and opportunities.

Unethical is unethical IMO

[BMWGirlFL]

Originally Posted by BMWGirlFL

Consideration of potential SEC issues may've just been overlooked in the "effort to publicly maintain a leading position relative to other premium automotive companies".

Originally Posted by Artemis

See also for example BMW Australia last Spring: here ("BMW Australia Registered Hundreds Of Demo Cars To Inflate Sales: Report") and here ("BMW bargains coming after hundreds of demo models get registered").

Lots of car companies inflate sales figures that way. Unhealthy, because making life even more difficult the subsequent year. In life there are good days and bad days, evolving with ups and downs, progress and setbacks. It's a flawed, unnatural reasoning to expect growth each year. Way too many variables as life and society moves on day after day, offering new challenges and opportunities.

Business practice understood. The Order recites settlement "without admitting or denying the findings herein". (P 1) "A violation ... does not require scienter ...".(P 10) I choose to believe BMW did not knowingly and intentionally violate the involved SEC regulations.

[SabineBimmer]

Originally Posted by mkoesel

So then, in conclusion, the penalty for cheating is approximately 1/1000th of the resulting income. Got it.

Such a great incentive