Defendant Name: Heartland Payment Systems, LLC

Defendant Type: Subsidiary of Public Company

Document Reference: 33-10558-s

Document Details

Legal Case Name In the Matter of Heartland Payment Systems, LLC, f/k/a Heartland Payment Systems, Inc., and Robert O. Carr
Document Name SEC Charges Payment Processing Company and Former CEO for Overstating Key Operating Metric
Document Date 21-Sep-2018
Document Format Administrative Proceeding
File Number 3-18819
Allegation Type Issuer Reporting and Disclosure
Document Summary The Commission stated: "The Securities and Exchange Commission today entered an order finding that, over a three-year period, Heartland Payment Systems, LLC, and its former CEO, Robert O. Carr, overstated the significance of an operating metric as a meaningful indicator of future revenue growth."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Civil Penalty

Individual:     $2,160,000.00 Shared:    

Related Documents:

33-10558 21-Sep-2018 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 21, 2018, the SEC issued an order against Heartland Payment Systems, LLC, stating: "This matter arises from the disclosures of Heartland Payment Systems, Inc. and its CEO, Robert O. Carr, regarding an operating metric referred to by the company as 'New Margin Installed' or 'NMI.'"

Other Defendants in Action:

Robert O. Carr