Defendant Name:
Synchronoss Technologies, Inc.
Defendant Type:
Public Company
SIC Code:
7371
CUSIP:
87157B10
Document Reference:
34-95049
Document Details
Legal Case Name
In the Matter of Synchronoss Technologies, 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
07-Jun-2022
Document Format
Administrative Proceeding
AAER
4302
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On June 7, 2022, the SEC settled administrative and cease-and-desist proceedings against Synchronoss Technologies, Inc., stating: "Synchronoss Technologies, Inc. (“SNCR”), a New Jersey-based technology company that primarily provides products, software, and services to telecommunications companies, engaged in improper accounting from at least 2013 through 2017. . . Certain instances of SNCR’s improper accounting were the result of misconduct by certain of SNCR’s senior executives and other employees. As a result of this misconduct, SNCR filed with the Commission materially misstated financial statements in its annual, quarterly and current reports during the restatement period."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Fair Funds
Monetary Penalties:
Civil Penalty
Individual:
$12,500,000.00
Shared:
