Defendant Name:
Friedman LLP
Defendant Type:
Other
Document Reference:
34-95887
Document Details
Legal Case Name
In the Matter of Friedman LLP
Document Name
Order Instituting Public Administrative and Cease-and-Desist Proceedings Pursuant to 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
23-Sep-2022
Document Format
Administrative Proceeding
AAER
4339
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On September 23, 2022, the SEC instituted settled public administrative and cease-and-desist proceedings against Friedman LLP, stating: "This matter involves serial violations of the federal securities laws and improper professional conduct by Respondent in conducting multi-year audits of two public issuers, iFresh, Inc. and Issuer A (together, the “Reporting Companies”). iFresh, Inc. retained Friedman to audit its financial statements for the fiscal years ended March 31, 2017 through 2020. Issuer A retained Friedman to audit its financial statements for the years ended December 31, 2016 through 2020."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Other Compliance Related Undertaking
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$524,138.00
Shared:
Civil Penalty
Individual:
$1,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$40,574.00
Shared:
