Defendant Name:
BGC Partners, Inc.
Defendant Type:
Public Company
Document Reference:
33-10867-s
Document Details
Legal Case Name
In the Matter of BGC Partners, Inc.
Document Name
SEC Charges BGC Partners with Making False and Misleading Disclosures Concerning a Key Non-GAAP Financial Measure
AAER Number
Document Date
30-Sep-2020
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$1,400,000.00
Shared: