Defendant Name:
Precigen, Inc.
Defendant Type:
Public Company
SIC Code:
8731
CUSIP:
46122T10
Document Reference:
34-89997
Document Details
Legal Case Name
In the Matter of Precigen, Inc. (f/k/a Intrexon 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
25-Sep-2020
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On September 25, 2020, the SEC instituted settled cease-and-desist proceedings against Precigen, Inc. The Commission stated: "These proceedings involve inaccurate reports concerning the company’s purported success converting relatively inexpensive natural gas into more expensive industrial chemicals using a proprietary methane bioconversion (“MBC”) program."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$2,500,000.00
Shared:
