SEC investigates CSX's accounting

Photo: © Tony Dezenzio

US railroad CSX disclosed today in a 10-Q filing lodged with the Securities and Exchange Commission (SEC) that earlier this month it received a subpoena* from the enforcement division of the SEC “requesting information relating to, among other things, the accounting restatement disclosed in the Company’s August 5, 2024 10-Q”.

(*Earlier this summer, it made the headlines as it delayed its quarterly earnings “report due to [a] review of [the] prior period accounting“.)

The company has also been responding “to information requests ...