Defendant Name: The Bancorp, Inc.

Defendant Type: Public Company
SIC Code: 6022
CUSIP: 05969A10

Initial Case Details

Legal Case Name In the Matter of The Bancorp, Inc.
First Document Date 24-Aug-2022
Initial Filing Format Administrative Action
File Number 3-20997
Allegation Type Issuer Reporting and Disclosure
AAER 4323

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 24-Aug-2022
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

34-95589 24-Aug-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 August 24, 2022, the SEC instituted settled cease-and-desist proceedings against The Bancorp, Inc., stating: "This matter concerns violations of reporting, record-keeping, and internal accounting controls provisions of the Exchange Act by Bancorp. Beginning in the first quarter of 2017 and continuing through the first quarter of 2019 (“Relevant Period”), Bancorp made filings with the Commission in which it reported gains that it received from the sales of loans included in five commercial real estate securitizations (“CRE Transactions”)."
34-95589-s 24-Aug-2022 Administrative Summary
SEC Charges the Bancorp, Inc. for Improper Valuations Related to Commercial Real Estate Securitizations
The SEC " announced charges against The Bancorp, Inc. ("Bancorp") related to misleading disclosures, record-keeping, and internal accounting controls failures concerning Bancorp's valuations of certain commercial real estate securities. Bancorp has agreed to settle charges and pay a $1.75 million penalty."