Defendant Name: First American Financial Corporation

Defendant Type: Public Company
SIC Code: 6361
CUSIP: 31847R10

Initial Case Details

Legal Case Name In the Matter of First American Financial Corporation
First Document Date 14-Jun-2021
Initial Filing Format Administrative Action
File Number 3-20367
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 13a-15

Resolutions

First Resolution Date 14-Jun-2021
Headline Total Penalty and Disgorgement $487,616

Related Documents:

34-92176 14-Jun-2021 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 14, 2021, the SEC instituted settled cease-and-desist proceedings against First American Financial Corporation stating: "This matter concerns real estate settlement services provider First American’s disclosure controls and procedures violations related to disclosures made in connection with a cybersecurity vulnerability involving the company’s “EaglePro” application for sharing document images related to title and escrow transactions. First American failed to maintain disclosure controls and procedures designed to ensure that all available relevant information concerning the vulnerability was analyzed for disclosure in the company’s reports with the Commission."
2021-102 15-Jun-2021 Press Release--Administrative Proceeding
SEC Charges Issuer With Cybersecurity Disclosure Controls Failures
The SEC "announced settled charges against real estate settlement services company First American Financial Corporation for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information."