Defendant Name: INTL FCStone Inc.

Defendant Type: Public Company
SIC Code: 6211
CUSIP: 46116V10

Initial Case Details

Legal Case Name In the Matter of INTL FCStone Inc.
First Document Date 12-Apr-2016
Initial Filing Format Administrative Action
File Number 3-17207
Allegation Type Issuer Reporting and Disclosure
AAER 3764

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-11
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 12-Apr-2016
Headline Total Penalty and Disgorgement $150,000

Related Documents:

34-77596 12-Apr-2016 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 April 12, 2016, the SEC instituted settle cease-and-desist proceedings against INTL FCStone Inc. According to the SEC: "This matter arises from INTL FCStone's violations of the reporting, books and records, and internal control provisions of the Exchange Act. Between fiscal year 2010 and June 30, 2013, INTL FCStone overstated its operating revenues by $10 million and its net income by $6 million as a result of accounting errors in recording and reporting over-the-counter ('OTC') derivative trading gains at a subsidiary, INTL FCStone Markets, LLC ('IFM'). INTL FCStone's internal accounting controls failed to timely prevent or detect the accounting errors. In January 2014, INTL FCStone restated its financial statements, determined that certain of its controls were not designed or operating effectively, and reported the existence of a material weakness in internal control over financial reporting ('ICFR') as of September 30, 2013."