UPS Faces $45 Million Penalty from SEC Over Improper Valuation Practices

United Parcel Service Inc. (UPS) has been hit with a hefty $45 million penalty by the Securities and Exchange Commission (SEC) due to allegations of improper accounting that misrepresented the company's financial standing. This financial burden comes as a consequence of an investigation into UPS's accounting practices, particularly related to its asset valuations.

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