Defendant Name:
Willis Lease Finance Corporation
Defendant Type:
Public Company
Document Reference:
2014-190
Document Details
Legal Case Name
In the Matter of Willis Lease Finance Corporation
Document Name
SEC Announces Charges Against Corporate Insiders for Violating Laws Requiring Prompt Reporting of Transactions and Holdings: Nearly Three Dozen Charged in Enforcement Initiative to Root Out Repeated Late Filers
Document Date
10-Sep-2014
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On September 10, 2014, the SEC announced charges against 28 officers, directors, or major shareholders for violating federal securities laws requiring them to promptly report information about their holdings and transactions in company stock. The SEC's orders also named six publicly-traded companies for contributing to filing failures by insiders or failing to report their insiders' filing delinquencies, including Willis Lease Finance Corporation, which agreed to pay a $150,000 penalty to settle the SEC's charges. According to the press release, a total of 33 of the 34 individuals and companies named in the SEC's orders agreed to settle and pay financial penalties totaling $2.6 million.
