Defendant Name: Argo Group International Holdings, Ltd.

Defendant Type: Public Company
SIC Code: 6361
CUSIP: G0464B10

Initial Case Details

Legal Case Name In the Matter of Argo Group International Holdings, Ltd.
First Document Date 04-Jun-2020
Initial Filing Format Administrative Action
File Number 3-19822
Allegation Type Issuer Reporting and Disclosure
AAER 4146

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
• Sec 14(a)
• Rule 14a-3
• Rule 14a-9

Resolutions

First Resolution Date 04-Jun-2020
Headline Total Penalty and Disgorgement $900,000

Related Documents:

34-89009 04-Jun-2020 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On June 4, 2020, the SEC instituted settled cease-and-desist proceedings against Argo Group International Holdings, Ltd. The SEC stated: "This matter arises from Argo Group International Holding, Ltd.'s failure to disclose in its definitive proxy statements that, from 2014 through 2018, it paid over $5.3 million to its then Chief Executive Officer, President and member of its Board of Directors, Mark E. Watson III, in the form of a wide range of perquisites and personal benefits. In connection with this conduct, Argo violated Sections 13(a), 13(b)(2)(A), 13(b)(2)(B), and 14(a) of the Exchange Act and Rules 12b-20, 13a-1, 14a-3, and 14a-9 thereunder. In late 2019, Watson resigned and agreed to reimburse Argo for certain perquisites and/or personal expenses."
2020-127 04-Jun-2020 Press Release--Administrative Proceeding
Insurance Company Settles SEC Charges for Failing to Disclose Executive Perks
The SEC stated that: "[It] settled charges against Bermuda-based insurance company Argo Group International Holdings, Ltd. for failing to fully disclose perquisites and benefits provided to its former chief executive officer."

Related Actions:

In the Matter of Mark E. Watson III
Mark E. Watson III