Defendant Name: Primoris Services Corporation

Defendant Type: Public Company
SIC Code: 1623
CUSIP: 74164F10

Initial Case Details

Legal Case Name In the Matter of Primoris Services Corporation
First Document Date 21-Sep-2018
Initial Filing Format Administrative Action
File Number 3-18816
Allegation Type Issuer Reporting and Disclosure
AAER 3978

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 21-Sep-2018
Headline Total Penalty and Disgorgement $200,000

Related Documents:

34-84251 21-Sep-2018 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 21, 2018, the SEC issued an order against Primoris Services Corporation, stating: "This proceeding concerns Primoris's failure to (i) devise and maintain a sufficient system of internal accounting controls and (ii) adequately evaluate the effectiveness of its Internal Control over Financial Reporting ("ICFR") as of year-end 2014."
34-84251-s 21-Sep-2018 Administrative Summary
Pipeline Construction Company Settles Charges Relating to Internal Control Failures
The Commission stated: "The Securities and Exchange Commission today announced that Primoris Services Corporation has agreed to settle charges that it failed to devise and maintain a sufficient system of internal accounting controls, and failed to adequately evaluate these control deficiencies when assessing the effectiveness of its Internal Control over Financial Reporting ("ICFR")."