Defendant Name: Synchronoss Technologies, Inc.

Defendant Type: Public Company

Document Reference: 2022-101

Document Details

Legal Case Name In the Matter of Synchronoss Technologies, Inc.
Document Name SEC Charges New Jersey Software Company and Senior Employees with Accounting-Related Misconduct
Document Date 07-Jun-2022
Document Format Administrative Proceeding
File Number 3-20883
Allegation Type Issuer Reporting and Disclosure
Document Summary The SEC stated that: "[It] charged Bridgewater, NJ-based Synchronoss Technologies, Inc. and seven senior employees, including the former CFO, in connection with their roles related to long-running accounting improprieties that ran from 2013 to 2017."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Civil Penalty

Individual:     $12,500,000.00 Shared:    

Related Documents:

34-95049 07-Jun-2022 Administrative Proceeding
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
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."

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