Defendant Name: SandRidge Energy, Inc.

Defendant Type: Public Company
SIC Code: 1311
CUSIP: 80007P86

Initial Case Details

Legal Case Name In the Matter of SandRidge Energy, Inc.,
First Document Date 20-Dec-2016
Initial Filing Format Administrative Action
File Number 3-17739
Allegation Type Other

Violations Alleged

Other
• Section 21F(h) Exchange Act; Rule 12F-17 Exchange Act

Resolutions

First Resolution Date 20-Dec-2016

Related Documents:

34-79607 20-Dec-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 December 20, 2016, the SEC instituted a settle proceeding against SandRidge Energy, Inc. for violating Section 21F, "Whistleblower Incentives and Protection" of the Dodd-Frank Wall Street Reform and Consumer Protection Act. According to the SEC: "beginning before August 12, 2011, and continuing through the present, SandRidge enters into separation agreements with certain employees who are leaving the company." The separation agreements are in violation of Section 21F(h) Exchange Act and Rule 21F-17 thereunder.
2016-270 20-Dec-2016 Press Release--Administrative Proceeding
Company Settles Charges in Whistleblower Retaliation Case
On December 20, 2016, the SEC announced that SandRidge Energy Inc. "has agreed to settle charges that it used illegal separation agreements and retaliated against a whistleblower who expressed concerns internally about how its reserves were being calculated."