By Greg Hazley
Financial Relations Board, the New York financial communications firm that is part of newly independent MWW Group, is working with rice bran producer NutraCea, which has settled with the SEC over alleged accounting irregularities.
FRB VP Marilynn Meek handles the account for the four-year client.
The Scottsdale, Ariz.-based company, which produces and markets rice bran for food and supplement products, settled the SEC investigation without paying a fine or admitting fault nearly two years after its CEO resigned amid the probe.
NutraCea’s audit committee started investigating accounting irregularities in 2008 later referring the matter to the SEC, which upped its informal probe to a formal investigation in early 2009. CEO Brad Edson resigned a month later in March 2009 and the company navigated Chapter 11 bankruptcy from November of that year to November 2010. |