Defendant Name: WEX Inc.

Defendant Type: Public Company
SIC Code: 7389
CUSIP: 96208T10

Initial Case Details

Legal Case Name In the Matter of WEX Inc.
First Document Date 13-Dec-2021
Initial Filing Format Administrative Action
File Number 3-20676
Allegation Type Issuer Reporting and Disclosure
AAER 4275

Violations Alleged

Exchange Act
• Sec 13(a)
• Rule 13a-1
• Rule 13a-11
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 13-Dec-2021
Headline Total Penalty and Disgorgement $350,000

Related Documents:

34-93753-s 13-Dec-2021 Administrative Summary
SEC Charges WEX Inc. for Internal Accounting Control Failures Relating to Its Brazilian Subsidiary
The SEC "announced settled charges against WEX Inc. for violating the reporting, books and records, and internal accounting control provisions of the federal securities laws."
34-93753 13-Dec-2021 Administrative Proceeding
Order Instituting Cease-and-Desist Proceeding Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On December 13, 2021, the SEC instituted settled cease-and-desist proceedings against WEX Inc. stating: "WEX, a Maine-based reporting company that describes itself as a financial technology service provider, failed properly to devise and maintain a sufficient system of internal accounting controls at its Brazilian subsidiary, UNIK S.A."