Defendant Name:
First American Financial Corporation
Defendant Type:
Public Company
SIC Code:
6361
CUSIP:
31847R10
Document Reference:
34-92176
Document Details
Legal Case Name
In the Matter of First American Financial Corporation
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
14-Jun-2021
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On June 14, 2021, the SEC instituted settled cease-and-desist proceedings against First American Financial Corporation stating: "This matter concerns real estate settlement services provider First American’s disclosure controls and procedures violations related to disclosures made in connection with a cybersecurity vulnerability involving the company’s “EaglePro” application for sharing document images related to title and escrow transactions. First American failed to maintain disclosure controls and procedures designed to ensure that all available relevant information concerning the vulnerability was analyzed for disclosure in the company’s reports with the Commission."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$487,616.00
Shared:
