Defendant Name:
Tandy Leather Factory, Inc.
Defendant Type:
Public Company
SIC Code:
3100
CUSIP:
87538X10
Document Reference:
34-92455
Document Details
Legal Case Name
In the Matter of Tandy Leather Factory, Inc. and Shannon Greene, CPA
Document Name
Order Instituting Cease and Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, Imposing Remedial Sanctions and Imposing a Cease and Desist Order
Document Date
21-Jul-2021
Document Format
Administrative Proceeding
AAER
4228
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On July 21, 2021, the SEC instituted settled cease-and-desist proceedings against Tandy Leather Factory, Inc. and Shannon Greene, CPA stating: "This matter involves accounting, financial reporting, and control failures by Tandy, a specialty leather retailer headquartered in Fort Worth, Texas. These deficiencies resulted in a multi-year restatement in Tandy's financial statements concerning, among other things, inventory, net income and gross profit. Shannon Greene, Tandy's former Chief Financial Officer ("CFO") and Chief Executive Officer ("CEO"), was the person primarily responsible for the establishment, implementation, maintenance, and evaluation of Tandy's relevant controls."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$200,000.00
Shared:
Other Defendants in Action:
