Securities Enforcement Empirical Database (SEED)

Defendant Name: Michael J. Scott

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: Senior Vice President at SAExploration Holdings, Inc. (2016—September 14, 2020)
Former: Executive Vice President at SAExploration Holdings, Inc. (Until 2016)

Violations Alleged

Exchange Act

• Sec 10(b) + Rule 10b-5

• Sec 13(b)(5)

Securities Act

• Sec 17(a)(1)

• Sec 17(a)(3)

• Sec 17(a) (Not specified)

Other

• Rule 13b2-1 Exchange Act

Related Violations Alleged

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

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

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

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

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

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

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

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

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

Michael J. Scott is alleged to have aided and abetted SAExploration Holdings, Inc.'s violation of Rule 13a-13 of the Exchange Act.

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

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

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

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

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

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

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

Michael J. Scott is alleged to have aided and abetted SAExploration Holdings, Inc.'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 29-Jun-2021

Headline Total Penalty and Disgorgement $261,703

Other Defendants in Action:

SAExploration Holdings, Inc.

Jeffrey H. Hastings

Brent N. Whiteley

Brian A. Beatty

Thomas W. O'Neil

Lori E. Hastings

Related Actions:

In the Matter of Brent Whiteley, Esq.