Defendant Name: SuRo Capital Corp.

Defendant Type: Public Company
SIC Code: 9999
CUSIP: 86887Q10

Initial Case Details

Legal Case Name In the Matter of SuRo Capital Corp.
First Document Date 23-Sep-2024
Initial Filing Format Administrative Action
File Number 3-22158
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Section 17(f) Investment Company Act; Rule 38a-1 Investment Company Act

Resolutions

First Resolution Date 23-Sep-2024

Related Documents:

IC-35331 23-Sep-2024 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 9(f) of the Investment Company Act of 1940, Making Findings, and Imposing a Cease-and-Desist Order
On September 23, 2024, the SEC instituted settled cease-and-desist proceedings against SuRo Capital Corp., stating: "These proceedings arise out of SuRo’s failure to properly custody securities in compliance with the custody provisions of Section 17(f) of the Investment Company Act and the rules thereunder."
IC-35331-s 23-Sep-2024 Administrative Summary
SEC Charges Business Development Company with Custody Failures
On September 23, 2024, the SEC "announced settled charges against New York-based SuRo Capital Corp., a business development company, for failing to comply with the requirements to properly custody certain assets it held. According to the order, SuRo failed to properly custody uncertificated securities that it held and to implement its written policies and procedures relating to the custody of its assets."