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Browse: Home / 2016 / December / 02 / Special ‘chairman’s flight’ leads to SEC action against United Airlines | Compliance Week

Special ‘chairman’s flight’ leads to SEC action against United Airlines | Compliance Week

By Securities Docket on December 2, 2016, 3:03 pm

The SEC announced an unusual and interesting administrative proceeding today against United Continental Holdings, Inc., the parent company of United Airlines. According to the SEC’s order, United reinstated a money-losing nonstop flight between Newark, N.J., and Columbia, S.C., to accommodate David Samson, the then-chairman of the Port Authority of New York and New Jersey. The SEC alleges that Samson privately advocated to United that he wanted the route reinstated because he sought a more direct route between New Jersey and his home in South Carolina.

via Special ‘chairman’s flight’ leads to SEC action against United Airlines | Compliance Week

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