Defendant Name: Powersecure International, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Southern Company
SIC Code: 4911
CUSIP: 84258710

Initial Case Details

Legal Case Name In the Matter of PowerSecure International, Inc.
First Document Date 07-Nov-2016
Initial Filing Format Administrative Action
File Number 3-17670
Allegation Type Issuer Reporting and Disclosure
AAER 3822

Violations Alleged

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

Resolutions

First Resolution Date 07-Nov-2016
Headline Total Penalty and Disgorgement $470,000

Related Documents:

34-79256 07-Nov-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 November 7, 2016, the SEC instituted settled cease-and-desist proceedings against PowerSecure International, Inc. for its "financial reporting, books and record, and internal control violations [...]. From 2012 to 2014, PowerSecure failed to accurately identify and report its segments as required by GAAP."