Defendant Name: a.k.a. Brands Holding Corp.

Defendant Type: Public Company
SIC Code: 7389
CUSIP: 00152K20

Initial Case Details

Legal Case Name In the Matter of a.k.a. Brands Holding Corp.
First Document Date 09-Sep-2024
Initial Filing Format Administrative Action
File Number 3-22078
Allegation Type Other

Violations Alleged

Other
• Rule 21F-17(a) Exchange Act

Resolutions

First Resolution Date 09-Sep-2024
Headline Total Penalty and Disgorgement $399,750

Related Documents:

34-100969 09-Sep-2024 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 9, 2024, the SEC instituted settled cease-and-desist proceedings against a.k.a. Brands Holding Corp., stating: "As a regular part of its business, a.k.a. Brands enters into employment agreements with new employees and severance agreements with departing employees. . . . [These agreements] required employees to waive their right to recover a monetary award for participating in an investigation by a government agency. . . . [T]hese provisions created impediments to participation in the Commission's whistleblower program by requiring former employees to forego either their right to file a complaint with the Commission staff or the financial award they might receive for doing so."
2024-118_3-22078 09-Sep-2024 Press Release--Administrative Proceeding
SEC Charges Seven Public Companies with Violations of Whistleblower Protection Rule
On September 9, 2024, the SEC stated: "today announced settled charges against seven public companies for using employment, separation, and other agreements that violated rules prohibiting actions to impede whistleblowers from reporting potential misconduct to the SEC."