Securities Enforcement Empirical Database (SEED)

Defendant Name: Brian A. Beatty

Defendant Type: Individual

Initial Case Details

Legal Case Name SEC (Plaintiff) v. SAExploration Holdings Inc., Jeffrey H. Hastings, Brent N. Whiteley, Brian A. Beatty, and Michael J. Scott (Defendants) and Thomas W. O'Neill and Lori E. Hastings (Relief Defendants)

First Document Date 08-Oct-2020

Initial Filing Format Civil Proceeding

Case Number 20-cv-08423

Allegation Type Issuer Reporting and Disclosure

Federal District Court New York, Southern District of New York

Affiliations

Former: Director—No Specific Position Named in Document at SAExploration Holdings, Inc. (2011—2016)
Former: Director—Other at SAExploration Holdings, Inc. (2016—2019)
Former: CEO at SAExploration Holdings, Inc. (2011—2016)
Former: President at SAExploration Holdings, Inc. (2011—2016)
Former: COO at SAExploration Holdings, Inc. (2016—2019)
Current: Founder at SAExploration Holdings, Inc. (From 2006)

Violations Alleged

Exchange Act

• Sec 10(b) + Rule 10b-5

• Rule 13a-14

• Sec 13(b)(5)

Securities Act

• Sec 17(a)(1)

• Sec 17(a)(3)

• Sec 17(a) (Not specified)

Other

• Sec 304(a) Sarbanes-Oxley Act

• Rules 13b2-1, 13b2-2 Exchange Act

Related Violations Alleged

Brian A. Beatty is alleged to have aided and abetted SAExploration Holdings, Inc.'s violation of Sec 10(b) + Rule 10b-5 of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 10(b) + Rule 10b-5 of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted SAExploration Holdings, Inc.'s violation of Rule 12b-20 of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 12b-20 of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted SAExploration Holdings, Inc.'s violation of Sec 13(a) of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 13(a) of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted SAExploration Holdings, Inc.'s violation of Rule 13a-1 of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 13a-1 of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted SAExploration Holdings, Inc.'s violation of Rule 13a-11 of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 13a-11 of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted SAExploration Holdings, Inc.'s violation of Rule 13a-13 of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 13a-13 of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted SAExploration Holdings, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 13(b)(2)(A) of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted SAExploration Holdings, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 13(b)(2)(B) of the Exchange Act.

Brian A. Beatty is alleged to have aided and abetted SAExploration Holdings, Inc.'s violation of Sec 17(a)(1) of the Securities Act.

Brian A. Beatty is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 17(a)(1) of the Securities Act.

Brian A. Beatty is alleged to have aided and abetted SAExploration Holdings, Inc.'s violation of Sec 17(a)(2) of the Securities Act.

Brian A. Beatty is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 17(a)(2) of the Securities Act.

Brian A. Beatty is alleged to have aided and abetted SAExploration Holdings, Inc.'s violation of Sec 17(a)(3) of the Securities Act.

Brian A. Beatty is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 17(a)(3) of the Securities Act.

Resolutions

Bars:

Bar from acting as Director or Officer of a public company (of unspecified duration)

First Resolution Date 15-Nov-2023

Headline Total Penalty and Disgorgement $703,698

Other Defendants in Action:

SAExploration Holdings, Inc.

Jeffrey H. Hastings

Brent N. Whiteley

Michael J. Scott

Thomas W. O'Neil

Lori E. Hastings

Related Actions:

In the Matter of Brent Whiteley, Esq.