Decatur, IL (WAND) – ADM has settled for $40 million following an SEC investigation dating back to 2024.

The settlement comes after the SEC found that former executives inflated performance numbers of the company’s nutrition sector.

Three former executives also settled charges against them and agreed to pay over $1,000,000 in combined civil penalties and fees.

ADM does not admit or deny any wrongdoing in the case.

The investigation began in early 2024 when the SEC alleged that former executive Vikram Luthar had directed adjustments to the transactions of ADM’s nutrition segment.

Those changes were meant to attract investors by falsifying company growth.

The order found that the improper adjustments were identified and approved by Luthar and two other executives, which violated federal securities laws.