Defendant Name: Apex Global Brands Inc.

Defendant Type: Public Company

Document Reference: 33-10907-s

Document Details

Legal Case Name In the Matter of Apex Global Brands Inc., FKA Cherokee Inc.
Document Name SEC Charges Apex Global Brands Inc. and Former CFO with Accounting Violations
Document Date 17-Dec-2020
Document Format Administrative Proceeding
File Number 3-20175
Allegation Type Issuer Reporting and Disclosure
Document Summary The SEC "announced settled charges against apparel brand company Apex Global Brands Inc., headquartered in in Sherman Oaks, California, for materially misstating its financial statements relating to its primary asset and only revenue source. The SEC also settled charges against Apex's former CFO, Jason Boling, for causing Apex's books and records violations."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order

Related Documents:

33-10907 17-Dec-2020 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings, Pursuant to Section 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
On December 17, 2020, the SEC instituted settled cease-and-desist proceedings against Apex Glbal Brands, Inc., stating: "This proceeding concerns material misstatements by Apex Global Brands Inc. ("Apex" or "the Company") regarding its primary asset and only revenue source, trademarks held by the company. From at least January 2017 to April 2018 Apex materially overstated its financial statement by failing to timely recognize impairments of its trademarks."

Related Actions:

In the Matter of Jason Boling, CPA
Jason Boling, CPA