Defendant Name: Gateway One Lending & Finance, LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Huntington Bancshares, Inc.
SIC Code: 6020
CUSIP: 44615010

Initial Case Details

Legal Case Name In the Matter of Gateway One Lending & Finance, LLC
First Document Date 24-Jun-2021
Initial Filing Format Administrative Action
File Number 3-20372
Allegation Type Securities Offering

Violations Alleged

Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)
• Sec 17(a) (Not specified)

Resolutions

First Resolution Date 24-Jun-2021

Related Documents:

33-10951 24-Jun-2021 Administrative Proceeding
Order Instituting Cease and Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Making Findings, Imposing Remedial Sanctions and Imposing a Cease and Desist Order
On June 24, 2021, the SEC instituted settled cease-and-desist proceedings against Gateway One Lending & Finance, LLC, stating: "From approximately July 2014 until December 2016 (the “Relevant Period”), Gateway gave investors false and misleading information about the performance of auto loans that were securitized in asset-backed securities offerings."
33-10951-s 24-Jun-2021 Administrative Summary
SEC Charges Auto Loan Company For Misstating Past Performance
The SEC "announced settled charges against Gateway One Lending &Finance, LLC for making false and misleading statements about the past performance of Gateway loans when offering a seriesof auto loan-backed securitizations."