Defendant Name: TAL Education Group

Defendant Type: Public Company
SIC Code: 8299
CUSIP: 87408010

Initial Case Details

Legal Case Name In the Matter of TAL Education Group
First Document Date 28-Sep-2023
Initial Filing Format Administrative Action
File Number 3-21754
Allegation Type Issuer Reporting and Disclosure
AAER 4465

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
Other
• Rule 13a-16 Exchange Act

Resolutions

First Resolution Date 28-Sep-2023
Headline Total Penalty and Disgorgement $1,250,000

Related Documents:

34-98611 28-Sep-2023 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 September 28, 2023, the SEC instituted settled cease-and-desist proceedings against TAL Education Group, stating: "This matter concerns violations of the periodic reporting, books and records, and internal accounting controls provisions of the federal securities laws by TAL, a foreign private issuer headquartered in the People’s Republic of China (“PRC”), during the first three quarters of its 2020 fiscal year."