Defendant Name:
WEX Inc.
Defendant Type:
Public Company
SIC Code:
7389
CUSIP:
96208T10
Document Reference:
34-93753
Document Details
Legal Case Name
In the Matter of WEX Inc.
Document Name
Order Instituting Cease-and-Desist Proceeding Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
13-Dec-2021
Document Format
Administrative Proceeding
AAER
4275
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On December 13, 2021, the SEC instituted settled cease-and-desist proceedings against WEX Inc. stating: "WEX, a Maine-based reporting company that describes itself as a financial technology service provider, failed properly to devise and maintain a sufficient system of internal accounting controls at its Brazilian subsidiary, UNIK S.A."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$350,000.00
Shared:
