American Electric Power Settles SEC Probe for $19 Million

American Electric Power Co. Inc. has reached a $19 million settlement with the SEC over allegations it misled investors about its involvement with a nonprofit tied to Former Ohio House Speaker Larry Householder.

The utility didn’t admit or deny the findings of the investigation. Householder, who organized the scheme, is in federal prison and faces state charges, and another utility, FirstEnergy Corp., settled with the SEC for $100 million over claims it misled investors about bribes paid to Householder.

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