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Houston-Based Reliant Resources Draws No Penalties in Securities Probe.
By Nelson Antosh, Houston Chronicle Knight Ridder/Tribune Business News
May 13--Reliant Resources' bogus power trades and transactions designed to shift earnings from one period to the next have drawn the minimum punishment from securities regulators.
Putting an end to a near yearlong investigation, the Securities and Exchange Commission issued a cease-and-desist order Monday against Reliant Resources and Reliant Energy, now CenterPoint Energy.
The Houston-based companies received no fines or other penalties.
Neither company admits nor denies the agency's findings of reporting and record-keeping violations and securities fraud in the …
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