Defendant Name: BGC Partners, Inc.

Defendant Type: Public Company
SIC Code: 7372
CUSIP: 05541T10

Document Reference: 33-10867

Document Details

Legal Case Name In the Matter of BCG Partners, Inc.
Document Name Order Instituting Cease-and-Desist Proceedings, Pursuant to 8A of the Securities Act of 1933, and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date 30-Sep-2020
Document Format Administrative Proceeding
File Number 3-20107
AAER 4181
Allegation Type Issuer Reporting and Disclosure
Document Summary On September 30, 2020, the SEC instituted settled cease-and-desist proceedings against BGC Partners, Inc. The Commission stated: "These proceedings arise out of BGC’s false and misleading disclosures concerning how it calculated a key non-GAAP financial measure, which BGC reported in its quarterly and annual earnings releases and during earnings calls."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Civil Penalty

Individual:     $1,400,000.00 Shared:    

Related Documents:

33-10867-s 30-Sep-2020 Administrative Summary
SEC Charges BGC Partners with Making False and Misleading Disclosures Concerning a Key Non-GAAP Financial Measure AAER Number
The SEC "announced settled charges against BGC Partners, Inc. for false and misleading disclosures concerning how it calculated a key non-GAAP financial measure, which it called post-tax distributable earnings or Post-Tax DE."