Defendant Name:
Canadian Solar, Inc.
Defendant Type:
Public Company
SIC Code:
3674
CUSIP:
13663510
Document Reference:
34-73839
Document Details
Legal Case Name
In the Matter of Canadian Solar, Inc. and Yan Zhuang
Document Name
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 and Civil Penalties
Document Date
15-Dec-2014
Document Format
Administrative Proceeding
AAER
3613
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On December 15, 2014, the SEC instituted settled administrative proceedings against Canadian Solar, Inc. According to the SEC: The charges arise "from Canadian Solar's violations of the reporting, books and records, and internal controls provisions of the Exchange Act resulting from CSI's recognition of revenue for certain transactions with United States...customers during the second, third, and fourth quarters of 2009 even though certain criteria for revenue recognition had not been met."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$500,000.00
Shared:
Other Defendants in Action:
