SEC conducts sweep of companies and their officers and insiders for failure to meet reporting requirements


Six companies were charged for contributing to failures by insiders to make timely reports or for failing to report their insiders’ filing delinquencies; 28 officers, directors, or major shareholders were charged for failing to report the required information, including 10 investment firms with beneficial ownership of publicly-traded companies.

These actions evidence the SEC’s continued firm stance on enforcement. As the announcement points out, even late or inadvertent missed filings can lead to enforcement actions against companies and their officers, directors and major shareholders.

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