Defendant Name:
Amyris, Inc.
Defendant Type:
Public Company
SIC Code:
9999
CUSIP:
03236M20
Document Reference:
34-93341
Document Details
Legal Case Name
In the Matter of Amyris, 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
15-Oct-2021
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On October 15, 2021, the SEC instituted settled cease-and-desist proceedings against Amyris Inc. stating: "During the first two quarters of 2018, Amyris improperly recognized certain royalty
revenues that rendered its financial statements materially inaccurate. These revenue recognition
errors resulted from internal accounting control failures that led to important information not being
communicated to the company’s internal accounting staff concerning certain significant royalty
payments, which also resulted in Amyris’s failure to make and keep accurate books and records."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$300,000.00
Shared:
