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practices. As a result, TALX overstated its 2001 income by about $ 2.1 million, or 65 percent, which inflated its stock price. Cohen then sold TALX shares. He is also accused of making misleading statements to auditors. The SEC sought a permanent injunction against Cohen, an officer and director bar and civil penalties. Cohen had served as chief financial officer from
January 1994 to May 2003, and was vice president of application services and software from May 1999 to May 2003. He resigned at the same time TALX said it would restate its earnings for the fiscal years 1999 to 2003 to correct errors in the way it accounted for revenue. April 2007 the US District Court dismissed six of the seven counts against Cohen. The Court found Cohen guilty of the allegation of insufficient internal controls. The Court stated that there was evidence that Cohen knew he was falsely recording two projects as bill-and-hold transactions. The Court imposed a civil penalty against Cohen in the amount of $ 5,000.
389:. Interface Technology provided interactive voice response systems. Bill Canfield joined the company in 1986 as President and CEO and added the title of Chairman in 1988. TALX went public listing on the NASDAQ in an IPO in 1996 and offered 2,000,000 shares at $ 9 per share for a total offer amount of $ 18,000,000. TALX Corp. At the time of the IPO, TALX designed and implemented interactive communication solutions using computer telephony to integrate technologies such as interactive voice response, fax, email, Internet and corporate intranet. TALX's interactive communication solutions enabled an organization's employees, customers, vendors and business partners to access, input and update information stored in
440:(SEC) conducted an investigation into TALX's August 2001 secondary offering of common stock and 2001 financial results. In August 2004, TALX reached an agreement with the SEC to end the ongoing SEC investigation, agreeing that the company would pay a fine of $ 2.5 million. Separately, William W. Canfield, the company's president and chief executive officer, reached an agreement in principle with the SEC staff to settle its ongoing investigation against him in a related matter. Canfield agreed to pay $ 859,999 in disgorgement and $ 100,000 in civil penalties.
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Between 2002 and 2005, acquired
Johnson & Associates LLC, TBT Enterprises Inc., UI Advantage Inc., Jon-Jay Associates Inc., Employers Unity Inc. and parts of Sheakley-Uniservice Inc. TALX also added or created a number of other payroll-centric Human Resource related employer services including
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published an article about TALX. In short, TALX was accused of contesting unemployment benefits claims regardless of their merit in an effort to reduce the funds their clients — the employers — would have to pay to state unemployment insurance pools. The article pointed out that some unemployed
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The SEC filed fraud charges March 2005 against TALX Corp.'s former chief financial officer. The SEC alleged that Craig N. Cohen, who resigned in
January 2004, violated antifraud and other federal securities laws by causing TALX to meet its 2001 financial target through fraudulent accounting
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without human assistance. TALX also provided a branded employment and income verification service, The Work Number for
Everyone, that a provided automated access to employment and salary records of large employers for purposes of loan and other credit approvals.
413:, and Gates McDonald, a subsidiary of Nationwide Mutual Insurance Company, headquartered in Columbus, Ohio. TALX sold its e-Choice Benefits Enrollment Services business to Workscape in April 2003 to focus on its core business of payroll-centric services.
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In 2007, TALX was acquired by
Equifax, one of the big three credit reporting agencies, in a transaction valued at $ 1.4 billion. As of 2010, integration was completed and TALX now officially operates as a division of Equifax.
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381:, TALX was founded in 1972 as Interface Technology Inc. by several individuals including H. Richard "Rick" Grodsky, Professor of Electrical Engineering at the
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401:, as it later became known, became the revenue and profit growth engine for the company. In March 2002, TALX Corporation acquired two large human resource
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838:"FTC Challenges Acquisitions by TALX Corp. that Stifled Competition in Unemployment Compensation Management and Employment Verification Services"
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456:(FTC) to assess whether TALX acquisitions in the unemployment compensation and Work Number businesses had significantly reduced competition.
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From April 2016 to March 2017, Equifax
Workforce Solutions data including individuals' tax records was taken in a data breach.
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information on 54 million
American people. As of 2015, the company was the largest source of employment information in the
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St. Louis
Commerce: Official Publication of the St. Louis Regional Commerce & Growth Association
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W-2 Management, I-9 Management, Tax Credit and
Incentive Management, and Online Paperless Pay.
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In June 2006 TALX announced that it was voluntarily responding to an initial inquiry by the
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changed the name of the TALX business unit to
Equifax Workforce Solutions.
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In the early 2000s, the employment and income verification service, The
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companies that specialized in unemployment cost management and related
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86:, Missouri. The company was originally founded in 1972 under the name
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Bradley, Michael G.; Crew Cutts, Amy; Liu, Wei (January 12, 2015).
624:"Strategic Mortgage Default: The Effect of Neighborhood Factors"
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persons were denied benefits as a result of TALX's actions.
106:, and collects information from over 7,000 employers.
78:(pronounced "talks"), is a wholly owned subsidiary of
593:"This Time, Facebook Is Sharing Its Employees' Data"
513:"Contesting Jobless Claims Becomes a Boom Industry"
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567:"Checking the Data Collected on Your Work and Pay"
409:applications, The Frick Company, headquartered in
924:Financial services companies of the United States
939:Financial services companies established in 1971
886:"Equifax Confirms Another 'Security Incident'"
541:"Equifax Confirms Another 'Security Incident'"
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148:Learn how and when to remove these messages
864:"TALX.com Investor Relations News Release"
817:"TALX.com Investor Relations News Release"
796:"TALX.com Investor Relations News Release"
775:"TALX.com Investor Relations News Release"
733:"TALX.com Investor Relations News Release"
712:"TALX.com Investor Relations News Release"
691:"TALX.com Investor Relations News Release"
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98:" that holds and maintains employment and
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365:Learn how and when to remove this message
347:Learn how and when to remove this message
245:Learn how and when to remove this message
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539:Kennedy, Merritt (September 19, 2017).
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934:American companies established in 1971
929:Business process outsourcing companies
283:Please improve this section by adding
884:Kennedy, Merrit (19 September 2017).
671:. Commerce Magazine. 1997. p. 36
591:Pasternack, Alex (November 8, 2017).
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183:adding citations to reliable sources
438:Securities and Exchange Commission
387:Washington University in St. Louis
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129:This section has multiple issues.
511:DePARLE, JASON (April 4, 2010).
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944:1971 establishments in Missouri
866:. Investor.talx.com. 2006-06-28
819:. Investor.talx.com. 2005-03-03
777:. Investor.talx.com. 2002-07-01
565:Carrns, Ann (August 31, 2013).
170:needs additional citations for
137:or discuss these issues on the
383:McKelvey School of Engineering
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296:"Equifax Workforce Solutions"
285:secondary or tertiary sources
194:"Equifax Workforce Solutions"
949:Companies based in St. Louis
72:Equifax Workforce Solutions
17:Equifax Workforce Solutions
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754:"News 2017 | Equifax"
460:2017 Customer Data Breach
448:FTC investigation of TALX
432:SEC investigation of TALX
88:Interface Technology Inc.
842:Federal Trade Commission
454:Federal Trade Commission
90:The company maintains a
641:10.1111/1540-6229.12081
756:. Investor.equifax.com
272:relies excessively on
628:Real Estate Economics
179:improve this article
74:, formerly known as
914:Applied data mining
798:. Investor.talx.com
735:. Investor.talx.com
714:. Investor.talx.com
693:. Investor.talx.com
411:St. Louis, Missouri
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403:outsourcing
399:Work Number
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493:References
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134:improve it
49:Key people
650:153475846
391:databases
379:St. Louis
140:talk page
84:St. Louis
481:See also
92:database
30:Industry
22:Formerly
954:Equifax
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321:scholar
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110:History
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