Defendant Name:
Security Capital Research & Management Incorporated
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
JPMorgan Chase & Co.
SIC Code:
6021
CUSIP:
46625H10
Document Reference:
34-73063
Document Details
Legal Case Name
In the Matter of Security Capital Research & Management Incorporated
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
10-Sep-2014
Document Format
Administrative Proceeding
Allegation Type
Other
Document Summary
On September 10, 2014, the SEC instituted a settled cease-and-desist proceeding against Security Capital Research & Management Incorporated ("SCRM"). According to the SEC: "These proceedings arise out of violations of the beneficial ownership reporting requirements of the federal securities laws.... SCRM failed to file on a timely basis multiple required Section 16(a) reports of transactions in the securities of Ashford Hospitality Trust, Inc. ('Ashford') it executed on behalf of an affiliated private fund it managed that held beneficial ownership of greater than 10% of Ashford's registered class of common stock."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$88,000.00
Shared:
