Defendant Name:
Asta Funding, Inc.
Defendant Type:
Public Company
SIC Code:
6140
CUSIP:
04622010
Document Reference:
34-91718
Document Details
Legal Case Name
In the Matter of Asta Funding, Inc.
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
29-Apr-2021
Document Format
Administrative Proceeding
AAER
4215
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On April 29, 2021, the SEC instituted settled cease-and-desist proceedings against Asta Funding, Inc. stating: "These proceedings arise out of the violation of Exchange Act Rule 12b-25, which
requires that issuers that fail to file timely a periodic report shall file a Form 12b-25 “Notification of
Late Filing,” commonly known as “Form NT,” which contains, among other things, reasonable
detail as to why the issuer’s periodic report could not be filed on time and an explanation of any
anticipated, significant changes in the issuer’s results of operations."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$50,000.00
Shared:
