HP to Pay $6 Million to Settle SEC Charges on Sales Practices

HP Inc. agreed to pay $6 million as part of a settlement with the U.S. Securities and Exchange Commission on charges the printer maker violated antifraud law in its effort to boost sales of ink supplies.

The technology company misled investors about the impact of sales practices that were meant to help reach revenue and earnings targets in 2015 and 2016, the SEC said Wednesday in a statement. Besides paying the penalty, HP consented to a cease-and-desist order but neither admitted nor denied the SEC’s findings.

“We are pleased to have resolved this matter, which involves historical disclosures from ...