Defendant Name:
Health Insurance Innovations, Inc., Now Named Benefytt Technologies, Inc.
Defendant Type:
Public Company
SIC Code:
9999
CUSIP:
08182C10
Initial Case Details
Legal Case Name
In the Matter of Health Insurance Innovations, Inc., now named Benefytt Technologies, Inc., and Gavin D. Southwell
First Document Date
20-Jul-2022
Initial Filing Format
Administrative Action
File Number
3-20932
Allegation Type
Issuer Reporting and Disclosure
Violations Alleged
Additionally,
Gavin D. Southwell is alleged to have caused Health Insurance Innovations, Inc., Now Named Benefytt Technologies, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Gavin D. Southwell is alleged to have caused Health Insurance Innovations, Inc., Now Named Benefytt Technologies, Inc.'s violation of Sec 13(a) of the Exchange Act.
Gavin D. Southwell is alleged to have caused Health Insurance Innovations, Inc., Now Named Benefytt Technologies, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Gavin D. Southwell is alleged to have caused Health Insurance Innovations, Inc., Now Named Benefytt Technologies, Inc.'s violation of Rule 13a-11 of the Exchange Act.
Resolutions
First Resolution Date
20-Jul-2022
Related Documents:
33-11084
20-Jul-2022
Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On July 20, 2022, the SEC instituted settled cease-and-desist proceedings against Health Insurance Innovations, Inc., now named Benefytt Technologies, Inc., and Gavin D. Southwell, stating: "From March 2017 through March 2020, HII, a technology platform, billing
administrator and distributor of short-term and limited health insurance products, and its CEO
Southwell made a series of false and misleading statements to investors, which concealed
extensive consumer complaints about products being sold through misrepresentations."
2022-126
20-Jul-2022
Press Release--Administrative Proceeding
SEC Charges Tampa-Based Health Insurance Distributor and its Former CEO with Making False Statements to Investors
The SEC "today announced charges against Health Insurance Innovations (HII) and its former CEO Gavin Southwell for concealing extensive consumer complaints about short-term and limited health insurance products HII offered. HII has since changed its name to Benefytt Technologies and become a private company."
34-95805
16-Sep-2022
Administrative Proceeding
Extension Order
The Commission ordered that: "the Division’s request for an extension of time until June 30, 2023 to submit a Proposed Plan of Distribution is
granted."
34-96435
01-Dec-2022
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."
34-97811
27-Jun-2023
Administrative Proceeding
Second Extension Order
The Commission ordered that: "the Division's request for an extension of time until September 25, 2023 to submit a Proposed Plan of Distribution is granted."
34-98416
18-Sep-2023
Administrative Proceeding
Order Appointing Fund Administrator, Setting Administrator's Bond Amount, and Authorizing Payment of Fees and Expenses
The Commission ordered that: "A. Epiq is appointed as the Fund Administrator . . .; B. Epiq shall obtain a bond . . . in the amount of $12,111,511.00."
34-98493
25-Sep-2023
Administrative Proceeding
Notice of Proposed Plan of Distribution and Opportunity for Comment
The Commission stated: "Notice is hereby given . . . that the Division of Enforcement has submitted
to the Commission a proposed plan of distribution (the “Proposed Plan”) for the distribution of
monies paid in the above-captioned matter."
Proposed Plan of Distribution
The SEC stated: "The Division of Enforcement submits this Proposed Plan of Distribution (the
“Plan”) to the United States Securities and Exchange Commission (the “Commission”) . . . . This Plan provides for the distribution of a Fair
Fund (the “Fair Fund”), comprised of disgorgement, prejudgment interest, and civil money
penalties paid by Health Insurance Innovations, Inc., now named Benefytt Technologies, Inc.
(“HII”) and Gavin D. Southwell (collectively, the “Respondents”) in the above-captioned
matter."
34-98936
14-Nov-2023
Administrative Proceeding
Order Approving Plan of Distribution
The Commission ordered that: "the Proposed Plan is approved, and the approved Plan of Distribution shall be posted simultaneously with this order on the Commission’s website at www.sec.gov."
Plan of Distribution
The Commission stated: "The Division of Enforcement has prepared this Plan of Distribution (the “Plan”) . . . . This Plan provides for the distribution of a Fair Fund (the “Fair Fund”), comprised of disgorgement, prejudgment interest, and civil money penalties paid by Health Insurance Innovations, Inc., now named Benefytt Technologies, Inc. (“HII”) and Gavin D. Southwell (collectively, the “Respondents”) in the above-captioned matter."
Other Defendants in Action:
