Defendant Name:
Andeavor LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Marathon Petroleum Corporation
SIC Code:
2911
CUSIP:
56585A10
Document Reference:
34-90208
Document Details
Legal Case Name
In the Matter of Andeavor LLC
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
15-Oct-2020
Document Format
Administrative Proceeding
AAER
4190
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On October 15, 2020, the SEC instituted settled cease-and-desist proceedings against Andeavor LLC. The SEC stated: "This matter involves Andeavor’s failure to devise and maintain a system of internal accounting controls sufficient to provide reasonable assurance that stock buyback transactions were executed in accordance with management’s authorization."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Fair Funds
Monetary Penalties:
Civil Penalty
Individual:
$20,000,000.00
Shared:
