Defendant Name: Synchronoss Technologies, Inc.

Defendant Type: Public Company
SIC Code: 7371
CUSIP: 87157B10

Initial Case Details

Legal Case Name In the Matter of Synchronoss Technologies, Inc.
First Document Date 07-Jun-2022
Initial Filing Format Administrative Action
File Number 3-20883
Allegation Type Issuer Reporting and Disclosure
AAER 4302

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Rule 12b-20
• 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 07-Jun-2022
Headline Total Penalty and Disgorgement $12,500,000

Related Documents:

34-95049 07-Jun-2022 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 7, 2022, the SEC settled administrative and cease-and-desist proceedings against Synchronoss Technologies, Inc., stating: "Synchronoss Technologies, Inc. (“SNCR”), a New Jersey-based technology company that primarily provides products, software, and services to telecommunications companies, engaged in improper accounting from at least 2013 through 2017. . . Certain instances of SNCR’s improper accounting were the result of misconduct by certain of SNCR’s senior executives and other employees. As a result of this misconduct, SNCR filed with the Commission materially misstated financial statements in its annual, quarterly and current reports during the restatement period."
2022-101 07-Jun-2022 Press Release--Administrative Proceeding
SEC Charges New Jersey Software Company and Senior Employees with Accounting-Related Misconduct
The SEC stated that: "[It] charged Bridgewater, NJ-based Synchronoss Technologies, Inc. and seven senior employees, including the former CFO, in connection with their roles related to long-running accounting improprieties that ran from 2013 to 2017."
34-100179 20-May-2024 Administrative Proceeding
Extension Order
The Commission ordered: "the Division’s request for an extension of time until May 13, 2025, to submit a Proposed Plan of Distribution is granted."
34-100574 22-Jul-2024 Administrative Proceeding
Order Appointing Tax Administrator
The Commission ordered that: "Miller Kaplan Arase LLP is appointed as the Tax Administrator for the QSF in the above-referenced proceeding."

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