Defendant Name: Belden Inc.

Defendant Type: Public Company
SIC Code: 5099
CUSIP: 07745410

Initial Case Details

Legal Case Name In the Matter of Belden Inc. and Dennis Wiser, CPA
First Document Date 14-Dec-2020
Initial Filing Format Administrative Action
File Number 3-20169
Allegation Type Issuer Reporting and Disclosure
AAER 4196

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-11
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)
Additionally, Dennis Wiser, CPA is alleged to have caused Belden Inc.'s violation of Rule 12b-20 of the Exchange Act.
Dennis Wiser, CPA is alleged to have caused Belden Inc.'s violation of Sec 13(a) of the Exchange Act.
Dennis Wiser, CPA is alleged to have caused Belden Inc.'s violation of Rule 13a-11 of the Exchange Act.
Dennis Wiser, CPA is alleged to have caused Belden Inc.'s violation of Rule 13a-13 of the Exchange Act.
Dennis Wiser, CPA is alleged to have caused Belden Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Dennis Wiser, CPA is alleged to have caused Belden Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Dennis Wiser, CPA is alleged to have caused Belden Inc.'s violation of Sec 17(a)(2) of the Securities Act.

Resolutions

First Resolution Date 14-Dec-2020

Related Documents:

33-10903 14-Dec-2020 Administrative Proceeding
Order Instituting Public Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Sections 4C and 21C of the Securities Exchange Act of 1934 and Rule 102(e) of the Commission's Rules of Practice, Making Findings and Imposing Remedial Sanctions and a Cease-and-Desist Order
On December 14, 2020, the SEC instituted settled cease-and-desist proceedings against Belden Inc. and Dennis Wiser, CPA, stating: "In 2017, Belden Inc., a signal transmission solutions company, improperly accelerated revenue at its subsidiary Grass Valley. Belden was informed of the risk of sales acceleration at Grass Valley when acquiring Grass Valley in 2014, but failed to devise and maintain sufficient internal accounting controls to prevent repeated acceleration of revenue at Grass Valley—on a small scale in 2015 and on a widespread basis in 2017. Grass Valley’s financial results were consolidated in Belden’s books and records and reported in Belden’s financial statements."
33-10903-s 14-Dec-2020 Administrative Summary
SEC Charges Telecommunications Company and Executive with Revenue Recognition Violations
The SEC stated that: "[It] charged Belden Inc., a signal transmission solutions company, and a Belden executive, Dennis Wiser, for overstating revenue by more than $29 million for the first three quarters of 2017."

Other Defendants in Action:

Dennis Wiser, CPA