Defendant Name:
Surgalign Holdings, Inc.
Defendant Type:
Public Company
SIC Code:
8731
CUSIP:
86882C10
Document Reference:
33-11088
Document Details
Legal Case Name
In the Matter of Surgalign Holdings, Inc., and Robert P. Jordheim
Document Name
Order Instituting Public Administrative and Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Sections 4C and 21C of the Securities Exchange Act of 1934, and Rule 102(e) of the Commission's Rules of Practice, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
03-Aug-2022
Document Format
Administrative Proceeding
AAER
4318
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On August 3, 2022, the SEC instituted public administrative and cease-and-desist proceedings against Surgalign Holdings, Inc., and Robert P. Jordheim, stating: "From 2015 through 2019, RTI shipped orders weeks or months before its customers
had originally requested delivery, thereby pulling sales forward from future quarters, to address
projected quarterly revenue shortfalls."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Fair Funds
Monetary Penalties:
Civil Penalty
Individual:
$2,000,000.00
Shared:
Other Defendants in Action: