Defendant Name: WM Technology, Inc.

Defendant Type: Public Company
SIC Code: 9999
CUSIP: 92971A10

Initial Case Details

Legal Case Name In the Matter of WM Technology, Inc.
First Document Date 24-Sep-2024
Initial Filing Format Administrative Action
File Number 3-22172
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-11
• Rule 13a-13
• Rule 13a-15
• Sec 14(a)
• Rule 14a-9
Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)

Resolutions

First Resolution Date 24-Sep-2024
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

33-11309 24-Sep-2024 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 September 24, 2024, the SEC instituted cease-and-desist proceedings against WM Technology, Inc., stating: "These proceedings arise from WM Technology’s untrue and misleading reporting of “monthly active users,” or “MAU.”"
LR-26127 25-Sep-2024 Litigation Release--Mentions Administrative Proceeding
SEC Charges Public Company WM Technology, Inc. and Two Former Senior Executives with Making Negligent Misrepresentations Regarding the “Monthly Active Users” on the Company’s Online Cannabis Marketplace
On September 25, 2024, the SEC stated that: "[It] charged public company WM Technology, Inc.(Nasdaq: MAPS), its former CEO, Christopher Beals, and its former CFO, Arden Lee, for making negligent misrepresentations in WM Technology's public reporting of a self-described key operating metric, the "monthly active users," or "MAU," for WM Technology's online cannabis marketplace."

Related Actions:

SEC v. Christopher Beals and Arden Lee
Christopher Beals
Arden Lee