Defendant Name:
World Acceptance Corporation
Defendant Type:
Public Company
SIC Code:
6141
CUSIP:
98141910
Document Reference:
34-89489
Document Details
Legal Case Name
In the Matter of World Acceptance Corporation
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
Document Date
06-Aug-2020
Document Format
Administrative Proceeding
AAER
4158
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On August 6, 2020, the SEC instituted settled cease-and-desist proceedings against World Acceptance Corporation. The SEC stated: "This matter concerns violations of the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act ("FCPA") by World Acceptance Corporation, a consumer loan company headquartered in Greenville, South Carolina."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$17,826,000.00
Shared:
Civil Penalty
Individual:
$2,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$1,900,000.00
Shared:
Total Penalty
Individual:
$21,726,000.00
Shared:
